Robeco Institutional Asset Management B.V. Buys 42,168 Shares of ON Semiconductor Corp (NASDAQ:ON)

Robeco Institutional Asset Management B.V. lifted its stake in ON Semiconductor Corp (NASDAQ:ON) by 25.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 206,282 shares of the semiconductor company’s stock after acquiring an additional 42,168 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in ON Semiconductor were worth $4,168,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ON. Gateway Investment Advisers LLC grew its holdings in ON Semiconductor by 0.6% in the first quarter. Gateway Investment Advisers LLC now owns 77,343 shares of the semiconductor company’s stock worth $1,591,000 after purchasing an additional 479 shares during the period. Berman Capital Advisors LLC raised its holdings in ON Semiconductor by 79.8% during the 1st quarter. Berman Capital Advisors LLC now owns 1,539 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 683 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in ON Semiconductor by 4.0% during the 2nd quarter. Koshinski Asset Management Inc. now owns 22,103 shares of the semiconductor company’s stock valued at $447,000 after buying an additional 840 shares during the last quarter. Boston Partners increased its position in ON Semiconductor by 0.3% during the 1st quarter. Boston Partners now owns 289,787 shares of the semiconductor company’s stock valued at $5,961,000 after purchasing an additional 979 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its position in ON Semiconductor by 2.9% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 39,693 shares of the semiconductor company’s stock valued at $816,000 after purchasing an additional 1,108 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

In other ON Semiconductor news, Director Emmanuel T. Hernandez sold 30,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $22.00, for a total transaction of $660,000.00. Following the completion of the sale, the director now directly owns 100,994 shares of the company’s stock, valued at approximately $2,221,868. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Vince Craig Hopkin sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $19.81, for a total transaction of $59,430.00. Following the sale, the executive vice president now directly owns 91,049 shares of the company’s stock, valued at $1,803,680.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,198 shares of company stock valued at $1,042,444. Insiders own 1.40% of the company’s stock.

ON Semiconductor stock traded down $0.24 during midday trading on Wednesday, hitting $17.42. The stock had a trading volume of 1,873,246 shares, compared to its average volume of 4,808,474. The stock has a fifty day moving average of $20.27. The stock has a market capitalization of $7.22 billion, a P/E ratio of 8.89, a PEG ratio of 1.73 and a beta of 2.16. ON Semiconductor Corp has a 52-week low of $14.55 and a 52-week high of $23.54. The company has a quick ratio of 1.38, a current ratio of 2.31 and a debt-to-equity ratio of 0.82.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Sunday, August 4th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. ON Semiconductor had a net margin of 10.22% and a return on equity of 26.54%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm posted $0.46 EPS. The company’s revenue was down 7.4% on a year-over-year basis. On average, equities research analysts anticipate that ON Semiconductor Corp will post 1.74 EPS for the current year.

ON has been the topic of a number of research analyst reports. BidaskClub downgraded shares of ON Semiconductor from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Loop Capital cut their price objective on shares of ON Semiconductor to $23.00 and set a “buy” rating on the stock in a research report on Tuesday. B. Riley reissued a “buy” rating on shares of ON Semiconductor in a research report on Monday. ValuEngine downgraded shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, Mizuho reissued a “buy” rating and set a $26.00 price objective on shares of ON Semiconductor in a research report on Monday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.83.

ON Semiconductor Company Profile

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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