Staley Capital Advisers Inc. Purchases Shares of 3,045 ON Semiconductor Corp (NASDAQ:ON)

Staley Capital Advisers Inc. purchased a new stake in shares of ON Semiconductor Corp (NASDAQ:ONGet Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,045 shares of the semiconductor company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its holdings in ON Semiconductor by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 18,416,987 shares of the semiconductor company’s stock valued at $842,945,000 after buying an additional 142,874 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of ON Semiconductor by 33.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 12,364,971 shares of the semiconductor company’s stock worth $565,944,000 after purchasing an additional 3,100,451 shares during the period. ArrowMark Colorado Holdings LLC boosted its holdings in shares of ON Semiconductor by 3.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 6,925,522 shares of the semiconductor company’s stock worth $316,981,000 after purchasing an additional 215,743 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of ON Semiconductor by 156.3% in the 3rd quarter. Alliancebernstein L.P. now owns 6,612,897 shares of the semiconductor company’s stock worth $302,672,000 after purchasing an additional 4,032,943 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of ON Semiconductor by 63.4% in the 3rd quarter. Goldman Sachs Group Inc. now owns 6,120,331 shares of the semiconductor company’s stock worth $280,128,000 after purchasing an additional 2,375,248 shares during the period. Institutional investors and hedge funds own 93.12% of the company’s stock.

In other news, Director Paul Anthony Mascarenas sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $60.00, for a total value of $1,200,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Simon Keeton sold 4,055 shares of the company’s stock in a transaction dated Monday, January 31st. The stock was sold at an average price of $55.07, for a total value of $223,308.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,055 shares of company stock worth $3,162,479. 1.42% of the stock is owned by company insiders.

ON stock traded down $2.37 on Friday, hitting $52.11. 6,882,106 shares of the company’s stock were exchanged, compared to its average volume of 5,591,335. ON Semiconductor Corp has a 12-month low of $34.01 and a 12-month high of $71.25. The firm has a 50 day moving average price of $57.79 and a two-hundred day moving average price of $59.05. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.56 and a current ratio of 2.45. The stock has a market cap of $22.63 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 0.58 and a beta of 1.71.

ON Semiconductor (NASDAQ:ONGet Rating) last announced its earnings results on Monday, February 7th. The semiconductor company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.15. ON Semiconductor had a return on equity of 31.73% and a net margin of 14.98%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. Sell-side analysts expect that ON Semiconductor Corp will post 4.18 earnings per share for the current fiscal year.

ON has been the subject of a number of recent research reports. Susquehanna lifted their target price on ON Semiconductor from $65.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, February 8th. Zacks Investment Research cut ON Semiconductor from a “strong-buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a report on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on ON Semiconductor from $75.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, April 20th. Credit Suisse Group boosted their price objective on ON Semiconductor from $52.00 to $62.00 and gave the company an “underperform” rating in a report on Tuesday, February 8th. Finally, Susquehanna Bancshares boosted their price objective on ON Semiconductor from $65.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, ON Semiconductor has an average rating of “Buy” and an average target price of $66.03.

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.

Recommended Stories

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

Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.