Morgens Waterfall Vintiadis & Co. Inc. Takes Position in ON Semiconductor Corp (ON)

Morgens Waterfall Vintiadis & Co. Inc. purchased a new position in shares of ON Semiconductor Corp (NASDAQ:ON) in the 4th quarter, HoldingsChannel reports. The fund purchased 95,000 shares of the semiconductor company’s stock, valued at approximately $1,989,000. ON Semiconductor comprises about 1.6% of Morgens Waterfall Vintiadis & Co. Inc.’s portfolio, making the stock its 24th largest position.

Other large investors have also recently made changes to their positions in the company. SignalPoint Asset Management LLC boosted its position in shares of ON Semiconductor by 6.2% in the fourth quarter. SignalPoint Asset Management LLC now owns 42,473 shares of the semiconductor company’s stock worth $889,000 after buying an additional 2,461 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of ON Semiconductor by 3.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,392 shares of the semiconductor company’s stock worth $1,788,000 after buying an additional 2,658 shares during the period. IFP Advisors Inc boosted its position in shares of ON Semiconductor by 12.5% in the fourth quarter. IFP Advisors Inc now owns 25,896 shares of the semiconductor company’s stock worth $542,000 after buying an additional 2,869 shares during the period. Navellier & Associates Inc boosted its position in shares of ON Semiconductor by 9.5% in the fourth quarter. Navellier & Associates Inc now owns 36,906 shares of the semiconductor company’s stock worth $773,000 after buying an additional 3,208 shares during the period. Finally, Swiss National Bank boosted its position in shares of ON Semiconductor by 0.5% in the third quarter. Swiss National Bank now owns 703,600 shares of the semiconductor company’s stock worth $12,995,000 after buying an additional 3,800 shares during the period. Institutional investors own 97.13% of the company’s stock.

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ON Semiconductor Corp (NASDAQ ON) opened at $26.59 on Monday. The company has a market capitalization of $11,312.47, a PE ratio of 22.92, a P/E/G ratio of 1.25 and a beta of 2.03. ON Semiconductor Corp has a 1-year low of $13.65 and a 1-year high of $26.77. The company has a quick ratio of 1.31, a current ratio of 2.08 and a debt-to-equity ratio of 0.97.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings results on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. ON Semiconductor had a return on equity of 21.88% and a net margin of 14.63%. ON Semiconductor’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. equities analysts forecast that ON Semiconductor Corp will post 1.73 EPS for the current fiscal year.

In other ON Semiconductor news, EVP George H. Cave sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $24.38, for a total transaction of $487,600.00. Following the transaction, the executive vice president now owns 260,357 shares of the company’s stock, valued at approximately $6,347,503.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP George H. Cave sold 14,000 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $24.27, for a total value of $339,780.00. Following the transaction, the executive vice president now directly owns 278,649 shares in the company, valued at approximately $6,762,811.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,195 shares of company stock worth $2,675,075. 1.40% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on ON shares. Bank of America reaffirmed a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor in a research report on Monday, November 13th. ValuEngine downgraded ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. KeyCorp reaffirmed a “hold” rating on shares of ON Semiconductor in a research report on Monday, December 11th. Morgan Stanley upped their target price on ON Semiconductor from $18.50 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Piper Jaffray Companies started coverage on ON Semiconductor in a research report on Monday, December 18th. They issued a “neutral” rating and a $21.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.09.

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ON Semiconductor Company 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.

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

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