ON Semiconductor Corp (ON) Stake Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in shares of ON Semiconductor Corp (NASDAQ:ON) by 76.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,542 shares of the semiconductor company’s stock after buying an additional 27,010 shares during the period. Janney Montgomery Scott LLC’s holdings in ON Semiconductor were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ON. Neuberger Berman Group LLC raised its holdings in shares of ON Semiconductor by 11.0% during the third quarter. Neuberger Berman Group LLC now owns 2,505,208 shares of the semiconductor company’s stock valued at $46,171,000 after buying an additional 247,669 shares during the last quarter. Vanguard Group Inc increased its stake in shares of ON Semiconductor by 1.0% during the third quarter. Vanguard Group Inc now owns 43,093,027 shares of the semiconductor company’s stock valued at $794,204,000 after acquiring an additional 411,056 shares during the period. Gateway Investment Advisers LLC increased its stake in shares of ON Semiconductor by 66.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 76,864 shares of the semiconductor company’s stock valued at $1,269,000 after acquiring an additional 30,773 shares during the period. DNB Asset Management AS increased its stake in shares of ON Semiconductor by 182.0% during the fourth quarter. DNB Asset Management AS now owns 119,300 shares of the semiconductor company’s stock valued at $1,970,000 after acquiring an additional 77,000 shares during the period. Finally, Virtu Financial LLC increased its stake in shares of ON Semiconductor by 203.7% during the fourth quarter. Virtu Financial LLC now owns 78,575 shares of the semiconductor company’s stock valued at $1,298,000 after acquiring an additional 52,704 shares during the period. 95.29% of the stock is currently owned by institutional investors.

In other ON Semiconductor news, EVP George H. Cave sold 15,000 shares of ON Semiconductor stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $22.84, for a total transaction of $342,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Emmanuel T. Hernandez sold 10,000 shares of ON Semiconductor stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $22.52, for a total transaction of $225,200.00. Following the transaction, the director now owns 129,655 shares in the company, valued at $2,919,830.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,069 shares of company stock worth $864,410. 1.40% of the stock is currently owned by company insiders.

ON Semiconductor stock opened at $19.75 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.38 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 1.57 and a beta of 2.05. ON Semiconductor Corp has a 1 year low of $14.55 and a 1 year high of $26.38.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. ON Semiconductor had a net margin of 10.22% and a return on equity of 26.54%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. Sell-side analysts predict that ON Semiconductor Corp will post 1.8 earnings per share for the current year.

ON has been the topic of a number of research analyst reports. BMO Capital Markets upgraded shares of ON Semiconductor from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $20.00 to $30.00 in a research note on Monday, March 4th. Jefferies Financial Group upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $29.00 in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of ON Semiconductor from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. Robert W. Baird reiterated a “hold” rating and set a $25.00 price objective on shares of ON Semiconductor in a research note on Monday, March 11th. Finally, ValuEngine lowered shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.11.

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About ON Semiconductor

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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Institutional Ownership by Quarter for ON Semiconductor (NASDAQ:ON)

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