Nelson Van Denburg & Campbell Wealth Management Group LLC reduced its stake in shares of ON Semiconductor Corp (NASDAQ:ON) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,040 shares of the semiconductor company’s stock after selling 1,990 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in ON Semiconductor were worth $346,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of ON Semiconductor by 19.4% in the 2nd quarter. Janus Henderson Group PLC now owns 36,912,800 shares of the semiconductor company’s stock valued at $746,008,000 after purchasing an additional 6,008,620 shares during the period. LSV Asset Management boosted its position in ON Semiconductor by 5.7% during the 2nd quarter. LSV Asset Management now owns 10,028,421 shares of the semiconductor company’s stock worth $202,674,000 after acquiring an additional 537,400 shares during the last quarter. Point72 Asset Management L.P. boosted its position in ON Semiconductor by 185.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,706,798 shares of the semiconductor company’s stock worth $115,334,000 after acquiring an additional 3,706,611 shares during the last quarter. Schroder Investment Management Group boosted its position in ON Semiconductor by 9.4% during the 2nd quarter. Schroder Investment Management Group now owns 4,288,954 shares of the semiconductor company’s stock worth $86,680,000 after acquiring an additional 368,151 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in ON Semiconductor by 120.4% during the 2nd quarter. Westfield Capital Management Co. LP now owns 4,101,364 shares of the semiconductor company’s stock worth $82,889,000 after acquiring an additional 2,240,369 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.
In other ON Semiconductor news, VP Paul E. Rolls sold 11,467 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $22.00, for a total value of $252,274.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Bernard Gutmann sold 43,266 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $18.79, for a total value of $812,968.14. Following the completion of the transaction, the chief financial officer now owns 700,344 shares of the company’s stock, valued at $13,159,463.76. The disclosure for this sale can be found here. Insiders sold 93,545 shares of company stock valued at $1,901,658 over the last quarter. Corporate insiders own 1.40% of the company’s stock.
ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Sunday, August 4th. The semiconductor company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. ON Semiconductor had a return on equity of 25.36% and a net margin of 9.49%. ON Semiconductor’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. On average, analysts anticipate that ON Semiconductor Corp will post 1.55 EPS for the current fiscal year.
ON has been the subject of a number of recent research reports. BNP Paribas initiated coverage on ON Semiconductor in a research report on Friday, August 30th. They set an “outperform” rating for the company. Benchmark began coverage on ON Semiconductor in a research note on Friday, September 20th. They set a “buy” rating and a $26.00 price objective on the stock. Raymond James upgraded 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 note on Monday, August 19th. ValuEngine cut ON Semiconductor from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Loop Capital dropped their price objective on ON Semiconductor to $23.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $24.41.
ON Semiconductor Company 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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