Psagot Value Holdings Ltd. Israel Sells 996 Shares of ON Semiconductor Corp (NASDAQ:ON)

Psagot Value Holdings Ltd. Israel decreased its position in shares of ON Semiconductor Corp (NASDAQ:ONGet Rating) by 14.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,858 shares of the semiconductor company’s stock after selling 996 shares during the quarter. Psagot Value Holdings Ltd. Israel’s holdings in ON Semiconductor were worth $367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NorthCrest Asset Manangement LLC grew its stake in shares of ON Semiconductor by 2.0% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 10,300 shares of the semiconductor company’s stock worth $645,000 after acquiring an additional 200 shares during the period. AlphaMark Advisors LLC boosted its stake in ON Semiconductor by 1.6% in the 1st quarter. AlphaMark Advisors LLC now owns 14,008 shares of the semiconductor company’s stock worth $877,000 after purchasing an additional 217 shares during the period. Quadrant Capital Group LLC boosted its stake in ON Semiconductor by 41.1% in the 1st quarter. Quadrant Capital Group LLC now owns 772 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 225 shares during the period. SVB Wealth LLC boosted its stake in ON Semiconductor by 7.1% in the 1st quarter. SVB Wealth LLC now owns 3,507 shares of the semiconductor company’s stock worth $219,000 after purchasing an additional 231 shares during the period. Finally, CFO4Life Group LLC boosted its stake in ON Semiconductor by 2.1% in the 1st quarter. CFO4Life Group LLC now owns 11,758 shares of the semiconductor company’s stock worth $736,000 after purchasing an additional 237 shares during the period. Institutional investors own 99.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ON. Mizuho raised their target price on ON Semiconductor from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. Morgan Stanley raised their price target on ON Semiconductor from $56.00 to $65.00 and gave the company an “equal weight” rating in a report on Tuesday, August 2nd. Stifel Nicolaus raised their price target on ON Semiconductor from $60.00 to $68.00 and gave the company a “hold” rating in a report on Monday, August 15th. Susquehanna raised their price target on ON Semiconductor from $77.00 to $82.00 and gave the company a “positive” rating in a report on Tuesday, August 2nd. Finally, Susquehanna Bancshares raised their price target on ON Semiconductor from $77.00 to $82.00 and gave the company a “positive” rating in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.30.

ON Semiconductor Trading Up 1.6 %

NASDAQ ON opened at $71.67 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.79 and a debt-to-equity ratio of 0.56. ON Semiconductor Corp has a twelve month low of $41.88 and a twelve month high of $76.78. The firm has a market capitalization of $31.05 billion, a PE ratio of 18.57, a P/E/G ratio of 0.54 and a beta of 1.80. The stock’s 50 day moving average is $63.83 and its 200 day moving average is $59.42.

ON Semiconductor (NASDAQ:ONGet Rating) last released its quarterly earnings results on Monday, August 1st. The semiconductor company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.08. ON Semiconductor had a return on equity of 41.43% and a net margin of 22.60%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company posted $0.63 earnings per share. The firm’s revenue was up 24.9% on a year-over-year basis. Research analysts forecast that ON Semiconductor Corp will post 5.15 earnings per share for the current fiscal year.

Insider Buying and Selling at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction on Monday, July 18th. The stock was sold at an average price of $56.17, for a total transaction of $1,123,400.00. Following the completion of the transaction, the chief executive officer now owns 261,162 shares in the company, valued at $14,669,469.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Simon Keeton sold 4,550 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $75.00, for a total value of $341,250.00. Following the completion of the transaction, the executive vice president now owns 162,791 shares in the company, valued at $12,209,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of the business’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $56.17, for a total value of $1,123,400.00. Following the completion of the transaction, the chief executive officer now owns 261,162 shares of the company’s stock, valued at approximately $14,669,469.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,363 shares of company stock worth $1,661,560. 0.40% of the stock is owned by insiders.

ON Semiconductor Profile

(Get Rating)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

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

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