ON Semiconductor (ON) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. lowered its holdings in ON Semiconductor (NASDAQ:ON) by 25.2% during the 1st quarter, Holdings Channel reports. The firm owned 12,870 shares of the semiconductor company’s stock after selling 4,328 shares during the period. FDx Advisors Inc.’s holdings in ON Semiconductor were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. LSV Asset Management boosted its position in ON Semiconductor by 63.1% in the fourth quarter. LSV Asset Management now owns 7,255,728 shares of the semiconductor company’s stock worth $151,934,000 after purchasing an additional 2,806,816 shares during the last quarter. Geode Capital Management LLC boosted its position in ON Semiconductor by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 4,088,564 shares of the semiconductor company’s stock worth $85,613,000 after purchasing an additional 110,427 shares during the last quarter. Bank of Montreal Can boosted its position in ON Semiconductor by 132.3% in the fourth quarter. Bank of Montreal Can now owns 4,044,634 shares of the semiconductor company’s stock worth $84,695,000 after purchasing an additional 2,303,338 shares during the last quarter. Paradice Investment Management LLC boosted its position in ON Semiconductor by 2.0% in the fourth quarter. Paradice Investment Management LLC now owns 3,132,836 shares of the semiconductor company’s stock worth $65,602,000 after purchasing an additional 62,868 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of ON Semiconductor by 31.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,864,203 shares of the semiconductor company’s stock valued at $59,977,000 after buying an additional 677,112 shares during the period. 96.06% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:ON opened at $23.70 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.93 and a current ratio of 1.53. ON Semiconductor has a 52-week low of $23.47 and a 52-week high of $23.70. The firm has a market cap of $10.12 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.06 and a beta of 2.03.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Sunday, April 29th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. ON Semiconductor had a return on equity of 23.00% and a net margin of 15.90%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. research analysts forecast that ON Semiconductor will post 1.77 earnings per share for the current year.

In related news, EVP William Hall sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $22.14, for a total transaction of $66,420.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bernard Gutmann sold 126,667 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $26.01, for a total value of $3,294,608.67. Following the sale, the chief financial officer now owns 665,507 shares in the company, valued at $17,309,837.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,579 shares of company stock worth $6,948,894. 1.60% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on ON. Mizuho boosted their target price on ON Semiconductor from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Jefferies Group restated a “hold” rating and issued a $26.00 target price on shares of ON Semiconductor in a research note on Tuesday, February 6th. Vetr upgraded ON Semiconductor from a “buy” rating to a “strong-buy” rating and set a $26.75 target price on the stock in a research note on Monday, January 29th. Craig Hallum boosted their target price on ON Semiconductor from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Citigroup boosted their target price on ON Semiconductor from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. ON Semiconductor currently has a consensus rating of “Buy” and an average target price of $24.71.

About ON Semiconductor

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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

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