Janus Henderson Group PLC Purchases 6,008,620 Shares of ON Semiconductor Corp (NASDAQ:ON)

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Janus Henderson Group PLC boosted its position in ON Semiconductor Corp (NASDAQ:ON) by 19.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,912,800 shares of the semiconductor company’s stock after purchasing an additional 6,008,620 shares during the quarter. Janus Henderson Group PLC owned approximately 8.95% of ON Semiconductor worth $746,008,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of ON Semiconductor by 12.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,780,073 shares of the semiconductor company’s stock worth $128,449,000 after acquiring an additional 881,265 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of ON Semiconductor by 31.9% in the first quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 1,500 shares during the last quarter. Strs Ohio purchased a new stake in shares of ON Semiconductor in the first quarter worth $361,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of ON Semiconductor in the first quarter worth $2,000,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of ON Semiconductor in the first quarter worth $265,000. Institutional investors and hedge funds own 98.13% of the company’s stock.

Shares of NASDAQ:ON opened at $17.40 on Thursday. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 1.65 and a beta of 2.16. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.41 and a current ratio of 2.42. The stock’s 50-day simple moving average is $19.25 and its two-hundred day simple moving average is $20.59. ON Semiconductor Corp has a 52-week low of $14.55 and a 52-week high of $23.54.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Sunday, August 4th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.38 billion. ON Semiconductor had a return on equity of 25.36% and a net margin of 9.49%. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. As a group, equities analysts forecast that ON Semiconductor Corp will post 1.58 earnings per share for the current fiscal year.

In other news, EVP Vince Craig Hopkin sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $19.81, for a total value of $59,430.00. Following the transaction, the executive vice president now owns 91,049 shares of the company’s stock, valued at $1,803,680.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gilles Delfassy sold 3,731 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $18.96, for a total value of $70,739.76. Following the completion of the transaction, the director now directly owns 49,208 shares in the company, valued at approximately $932,983.68. The disclosure for this sale can be found here. Insiders sold 48,198 shares of company stock worth $1,042,444 over the last three months. Insiders own 1.40% of the company’s stock.

A number of equities research analysts have recently commented on the company. Citigroup cut their target price on ON Semiconductor from $25.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. BidaskClub cut ON Semiconductor from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 7th. B. Riley reaffirmed a “buy” rating on shares of ON Semiconductor in a research report on Monday, August 5th. Cowen reaffirmed an “outperform” rating and set a $25.00 price objective (down from $29.00) on shares of ON Semiconductor in a research report on Tuesday, August 6th. Finally, Raymond James raised ON Semiconductor from a “market perform” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research report on Monday, August 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $24.10.

ON Semiconductor Profile

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and 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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