ON Semiconductor Corp (NASDAQ:ON) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of ON Semiconductor Corp (NASDAQ:ONGet Rating) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 339,648 shares of the semiconductor company’s stock after selling 24,350 shares during the period. Envestnet Asset Management Inc. owned 0.08% of ON Semiconductor worth $21,265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shaker Investments LLC OH bought a new stake in shares of ON Semiconductor during the 1st quarter worth about $973,000. Norges Bank bought a new stake in shares of ON Semiconductor during the 4th quarter worth about $373,702,000. CVA Family Office LLC raised its position in shares of ON Semiconductor by 222.2% during the 1st quarter. CVA Family Office LLC now owns 725 shares of the semiconductor company’s stock worth $45,000 after buying an additional 500 shares in the last quarter. Laidlaw Wealth Management LLC bought a new stake in shares of ON Semiconductor during the 4th quarter worth about $206,000. Finally, MML Investors Services LLC raised its position in shares of ON Semiconductor by 92.5% during the 4th quarter. MML Investors Services LLC now owns 25,378 shares of the semiconductor company’s stock worth $1,724,000 after buying an additional 12,198 shares in the last quarter. 92.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on ON. Cowen boosted their price target on shares of ON Semiconductor from $65.00 to $81.00 and gave the stock a “maintains” rating in a research report on Tuesday. Citigroup boosted their target price on shares of ON Semiconductor from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. Benchmark reiterated a “buy” rating and issued a $72.00 target price on shares of ON Semiconductor in a report on Tuesday, May 3rd. Susquehanna Bancshares boosted their target price on shares of ON Semiconductor from $77.00 to $82.00 and gave the stock a “positive” rating in a report on Tuesday. Finally, Bank of America dropped their target price on shares of ON Semiconductor from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.46.

Insider Activity

In other news, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $56.17, for a total value of $1,123,400.00. Following the transaction, the chief executive officer now owns 261,162 shares of the company’s stock, valued at $14,669,469.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $56.17, for a total value of $1,123,400.00. Following the sale, the chief executive officer now directly owns 261,162 shares of the company’s stock, valued at $14,669,469.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Vince Craig Hopkin sold 6,296 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $52.10, for a total value of $328,021.60. Following the completion of the sale, the executive vice president now directly owns 169,073 shares in the company, valued at $8,808,703.30. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

ON Semiconductor Price Performance

Shares of NASDAQ:ON opened at $65.59 on Wednesday. The company has a current ratio of 2.79, a quick ratio of 1.83 and a debt-to-equity ratio of 0.60. ON Semiconductor Corp has a 1 year low of $40.85 and a 1 year high of $71.25. The business has a fifty day simple moving average of $56.87 and a 200 day simple moving average of $57.47. The firm has a market cap of $28.50 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 0.71 and a beta of 1.82.

ON Semiconductor (NASDAQ:ONGet Rating) last announced its quarterly earnings data on Monday, August 1st. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. ON Semiconductor had a return on equity of 38.08% and a net margin of 20.13%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the company earned $0.63 earnings per share. ON Semiconductor’s quarterly revenue was up 24.9% compared to the same quarter last year. As a group, sell-side analysts predict that ON Semiconductor Corp will post 4.9 earnings per share for the current fiscal year.

About ON Semiconductor

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ON Semiconductor Corp (NASDAQ:ONGet Rating).

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

Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.