ARP Americas LP Has $2.31 Million Position in ON Semiconductor Corp (NASDAQ:ON)

ARP Americas LP raised its holdings in ON Semiconductor Corp (NASDAQ:ON) by 545.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,400 shares of the semiconductor company’s stock after buying an additional 93,300 shares during the period. ARP Americas LP’s holdings in ON Semiconductor were worth $2,312,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ON. Convergence Investment Partners LLC boosted its holdings in shares of ON Semiconductor by 4.9% during the 4th quarter. Convergence Investment Partners LLC now owns 183,149 shares of the semiconductor company’s stock worth $3,835,000 after buying an additional 8,579 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in ON Semiconductor by 10.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 197,277 shares of the semiconductor company’s stock valued at $3,644,000 after purchasing an additional 18,934 shares during the period. GSA Capital Partners LLP boosted its holdings in ON Semiconductor by 50.4% in the 3rd quarter. GSA Capital Partners LLP now owns 39,059 shares of the semiconductor company’s stock valued at $721,000 after purchasing an additional 13,087 shares during the period. Swiss National Bank boosted its holdings in ON Semiconductor by 2.1% in the 4th quarter. Swiss National Bank now owns 718,100 shares of the semiconductor company’s stock valued at $15,037,000 after purchasing an additional 14,500 shares during the period. Finally, Chicago Equity Partners LLC boosted its holdings in ON Semiconductor by 7.0% in the 4th quarter. Chicago Equity Partners LLC now owns 120,035 shares of the semiconductor company’s stock valued at $2,514,000 after purchasing an additional 7,835 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

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In other ON Semiconductor news, VP Paul E. Rolls sold 16,899 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $21.03, for a total transaction of $355,385.97. Following the transaction, the vice president now directly owns 305,807 shares of the company’s stock, valued at approximately $6,431,121.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP George H. Cave sold 3,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $22.85, for a total transaction of $68,550.00. Following the transaction, the executive vice president now directly owns 394,570 shares in the company, valued at $9,015,924.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,195 shares of company stock worth $2,675,075. 1.40% of the stock is owned by insiders.

ON has been the subject of a number of recent analyst reports. BidaskClub raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Vetr upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 price target for the company in a research report on Monday, January 22nd. Zacks Investment Research upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, March 6th. ValuEngine raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Mizuho upped their price objective on shares of ON Semiconductor from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $24.09.

ON Semiconductor Corp (NASDAQ ON) traded down $0.28 during mid-day trading on Wednesday, hitting $25.74. 5,858,971 shares of the stock were exchanged, compared to its average volume of 8,170,000. ON Semiconductor Corp has a one year low of $13.65 and a one year high of $27.10. The company has a market capitalization of $10,950.00, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.26 and a beta of 2.03. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.08 and a quick ratio of 1.31.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.35 billion. ON Semiconductor had a net margin of 5.89% and a return on equity of 12.86%. ON Semiconductor’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. analysts anticipate that ON Semiconductor Corp will post 1.73 EPS for the current fiscal year.

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ON Semiconductor Profile

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

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

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