American Trust Sells 350 Shares of ON Semiconductor Corp (NASDAQ:ON)

American Trust lessened its holdings in ON Semiconductor Corp (NASDAQ:ONGet Rating) by 8.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,800 shares of the semiconductor company’s stock after selling 350 shares during the period. American Trust’s holdings in ON Semiconductor were worth $238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ON. Norges Bank bought a new position in ON Semiconductor in the 4th quarter valued at $373,702,000. Mackenzie Financial Corp raised its position in shares of ON Semiconductor by 231.5% during the 4th quarter. Mackenzie Financial Corp now owns 5,139,465 shares of the semiconductor company’s stock valued at $349,072,000 after buying an additional 3,588,933 shares in the last quarter. Allianz Asset Management GmbH raised its position in ON Semiconductor by 18.0% in the 4th quarter. Allianz Asset Management GmbH now owns 14,591,648 shares of the semiconductor company’s stock worth $991,036,000 after purchasing an additional 2,226,677 shares during the period. Pendal Group Ltd raised its position in ON Semiconductor by 3,085.9% in the 1st quarter. Pendal Group Ltd now owns 1,808,674 shares of the semiconductor company’s stock worth $113,241,000 after purchasing an additional 1,751,903 shares during the period. Finally, Vanguard Group Inc. raised its position in ON Semiconductor by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 41,662,400 shares of the semiconductor company’s stock worth $2,608,483,000 after purchasing an additional 1,494,114 shares during the period. Hedge funds and other institutional investors own 99.25% of the company’s stock.

Insider Activity

In related news, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $56.17, for a total value of $1,123,400.00. Following the transaction, the chief executive officer now owns 261,162 shares of the company’s stock, valued at approximately $14,669,469.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other ON Semiconductor news, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $56.17, for a total transaction of $1,123,400.00. Following the transaction, the chief executive officer now owns 261,162 shares of the company’s stock, valued at approximately $14,669,469.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Simon Keeton sold 2,813 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $70.00, for a total transaction of $196,910.00. Following the transaction, the executive vice president now directly owns 167,341 shares in the company, valued at approximately $11,713,870. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,363 shares of company stock valued at $1,661,560. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ON has been the topic of a number of analyst reports. Citigroup lifted their target price on shares of ON Semiconductor from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Stifel Nicolaus boosted their price objective on shares of ON Semiconductor from $60.00 to $68.00 and gave the company a “hold” rating in a research report on Monday, August 15th. Cowen lifted their target price on shares of ON Semiconductor from $65.00 to $81.00 and gave the company an “outperform” rating in a research note on Tuesday, August 2nd. Susquehanna lifted their target price on shares of ON Semiconductor from $77.00 to $82.00 and gave the company a “positive” rating in a research note on Tuesday, August 2nd. Finally, The Goldman Sachs Group lifted their target price on shares of ON Semiconductor from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.30.

ON Semiconductor Price Performance

ON stock opened at $68.94 on Monday. ON Semiconductor Corp has a 52 week low of $41.88 and a 52 week high of $76.78. The company has a quick ratio of 1.88, a current ratio of 2.79 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $65.77 and a two-hundred day simple moving average of $59.65. The firm has a market capitalization of $29.87 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 0.52 and a beta of 1.80.

ON Semiconductor (NASDAQ:ONGet Rating) last released its quarterly earnings data on Monday, August 1st. The semiconductor company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. ON Semiconductor had a net margin of 22.60% and a return on equity of 41.43%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $0.63 earnings per share. ON Semiconductor’s quarterly revenue was up 24.9% compared to the same quarter last year. Analysts anticipate that ON Semiconductor Corp will post 5.12 earnings per share for the current fiscal year.

ON Semiconductor Company 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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