Amalgamated Bank Boosts Stock Holdings in ON Semiconductor Corp (NASDAQ:ON)

Amalgamated Bank boosted its position in shares of ON Semiconductor Corp (NASDAQ:ONGet Rating) by 3.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 87,233 shares of the semiconductor company’s stock after buying an additional 3,177 shares during the period. Amalgamated Bank’s holdings in ON Semiconductor were worth $5,462,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ON. Cedar Mountain Advisors LLC acquired a new position in shares of ON Semiconductor during the 1st quarter worth approximately $25,000. IronBridge Private Wealth LLC acquired a new position in shares of ON Semiconductor during the 4th quarter worth approximately $27,000. IndexIQ Advisors LLC acquired a new position in shares of ON Semiconductor during the 1st quarter worth approximately $40,000. Johnson Financial Group Inc. acquired a new position in shares of ON Semiconductor during the 4th quarter worth approximately $44,000. Finally, CVA Family Office LLC boosted its holdings in shares of ON Semiconductor by 222.2% during the 1st quarter. CVA Family Office LLC now owns 725 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 500 shares during the last quarter. 99.25% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor Price Performance

Shares of NASDAQ:ON opened at $70.16 on Tuesday. 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 market cap of $30.40 billion, a P/E ratio of 18.18, a PEG ratio of 0.52 and a beta of 1.80. ON Semiconductor Corp has a 52 week low of $41.88 and a 52 week high of $76.78. The company has a 50-day moving average price of $66.12 and a 200 day moving average price of $59.74.

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

Wall Street Analysts Forecast Growth

ON has been the topic of a number of recent analyst reports. Needham & Company LLC upped their price objective on ON Semiconductor from $60.00 to $80.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on ON Semiconductor from $65.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Bank of America decreased their price target on ON Semiconductor from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, June 29th. The Goldman Sachs Group upped their price target on ON Semiconductor from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Finally, Jefferies Financial Group upped their price target on ON Semiconductor from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $73.30.

Insider Activity

In related news, EVP Simon Keeton sold 2,813 shares of ON Semiconductor stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $70.00, for a total transaction of $196,910.00. Following the completion of the transaction, the executive vice president now directly owns 167,341 shares in the company, valued at approximately $11,713,870. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Simon Keeton sold 2,813 shares of ON Semiconductor stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $70.00, for a total transaction of $196,910.00. Following the completion of the transaction, the executive vice president now directly owns 167,341 shares in the company, valued at approximately $11,713,870. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction that occurred 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 transaction, the chief executive officer now owns 261,162 shares of the company’s stock, valued at $14,669,469.54. The disclosure for this sale can be found here. In the last three months, insiders sold 27,363 shares of company stock worth $1,661,560. Company insiders own 0.40% of the company’s stock.

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.

Further Reading

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ON Semiconductor Corp (NASDAQ:ONGet Rating).

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

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