ON Semiconductor Corp (NASDAQ:ON) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its stake in shares of ON Semiconductor Corp (NASDAQ:ONGet Rating) by 205.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 12,901 shares of the semiconductor company’s stock after purchasing an additional 8,674 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in ON Semiconductor were worth $808,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ON. Private Advisor Group LLC lifted its stake in shares of ON Semiconductor by 86.7% in the 1st quarter. Private Advisor Group LLC now owns 20,291 shares of the semiconductor company’s stock valued at $1,271,000 after purchasing an additional 9,422 shares during the last quarter. Shaker Investments LLC OH acquired a new position in shares of ON Semiconductor in the 1st quarter valued at $973,000. Norges Bank acquired a new position in shares of ON Semiconductor in the 4th quarter valued at $373,702,000. Key Square Capital Management LLC acquired a new position in shares of ON Semiconductor in the 1st quarter valued at $329,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of ON Semiconductor in the 1st quarter valued at $683,000. Institutional investors and hedge funds own 99.25% of the company’s stock.

ON Semiconductor Trading Up 1.2 %

NASDAQ:ON opened at $68.94 on Friday. The stock’s 50 day moving average price is $65.77 and its 200 day moving average price is $59.67. The company has a market capitalization of $29.87 billion, a PE ratio of 17.86, a P/E/G ratio of 0.52 and a beta of 1.80. The company has a quick ratio of 1.88, a current ratio of 2.79 and a debt-to-equity ratio of 0.56. ON Semiconductor Corp has a 52-week low of $41.88 and a 52-week high of $76.78.

ON Semiconductor (NASDAQ:ONGet Rating) last posted its quarterly earnings data on Monday, August 1st. The semiconductor company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. ON Semiconductor had a return on equity of 41.43% and a net margin of 22.60%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, research analysts anticipate that ON Semiconductor Corp will post 5.12 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Mizuho increased their target price on ON Semiconductor from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. Stifel Nicolaus increased their target price on ON Semiconductor from $60.00 to $68.00 and gave the stock a “hold” rating in a research note on Monday, August 15th. Cowen increased their target price on ON Semiconductor from $65.00 to $81.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. The Goldman Sachs Group increased their target price on ON Semiconductor from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Finally, Morgan Stanley increased their target price on ON Semiconductor from $56.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.30.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $56.17, for a total transaction of $1,123,400.00. Following the completion of the sale, the chief executive officer now directly owns 261,162 shares of the company’s stock, valued at approximately $14,669,469.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Simon Keeton sold 4,550 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $75.00, for a total value of $341,250.00. Following the completion of the sale, the executive vice president now directly owns 162,791 shares of the company’s stock, valued at approximately $12,209,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hassane El-Khoury sold 20,000 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 261,162 shares of the company’s stock, valued at $14,669,469.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,363 shares of company stock valued at $1,661,560. 0.40% of the stock is owned by company insiders.

ON Semiconductor Company Profile

(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.

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

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