AMG National Trust Bank purchased a new position in shares of  ON Semiconductor Corporation (NASDAQ:ON – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor  purchased 4,081 shares of the semiconductor company’s stock, valued at approximately $214,000. 
A number of other institutional investors have also recently added to or reduced their stakes in ON. Costello Asset Management INC purchased a new stake in ON Semiconductor during the 1st quarter worth $26,000. Trust Co. of Toledo NA OH acquired a new stake in shares of ON Semiconductor during the second quarter valued at about $29,000. Geneos Wealth Management Inc. grew its stake in shares of ON Semiconductor by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 507 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of ON Semiconductor during the second quarter valued at about $57,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of ON Semiconductor by 295.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,475 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 1,102 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.
ON Semiconductor Stock Performance
Shares of ON stock opened at $50.08 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $74.52. The company’s 50-day simple moving average is $50.21 and its 200-day simple moving average is $49.43. The stock has a market capitalization of $20.48 billion, a price-to-earnings ratio of 46.80, a PEG ratio of 2.58 and a beta of 1.49.
Insider Transactions at ON Semiconductor
In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total value of $768,300.00. Following the transaction, the chief executive officer owned 977,814 shares of the company’s stock, valued at $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on ON. Bank of America lowered their target price on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Wells Fargo & Company lowered their target price on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, August 5th. Piper Sandler restated an “overweight” rating on shares of ON Semiconductor in a research note on Monday, August 4th. Stifel Nicolaus increased their price target on shares of ON Semiconductor from $42.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, July 18th. Finally, Susquehanna reaffirmed a “positive” rating and set a $65.00 price target (down previously from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.96.
Check Out Our Latest Analysis on ON
ON Semiconductor Profile
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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