ON Semiconductor Corporation (NASDAQ:ON) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in ON Semiconductor Corporation (NASDAQ:ON) by 9.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,200 shares of the semiconductor company’s stock after selling 4,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in ON Semiconductor were worth $4,085,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. FinTrust Capital Advisors LLC bought a new stake in shares of ON Semiconductor during the fourth quarter valued at approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of ON Semiconductor during the first quarter valued at $26,000. SOA Wealth Advisors LLC. raised its stake in shares of ON Semiconductor by 100.0% during the first quarter. SOA Wealth Advisors LLC. now owns 400 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of ON Semiconductor during the first quarter valued at about $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in ON Semiconductor in the fourth quarter worth about $42,000. 96.36% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Paul Anthony Mascarenas sold 1,450 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $88.63, for a total value of $128,513.50. Following the transaction, the director now owns 46,757 shares in the company, valued at $4,144,072.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Bernard Raymond Colpitts, Jr. sold 2,795 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $99.18, for a total value of $277,208.10. Following the transaction, the chief accounting officer now owns 32,050 shares in the company, valued at $3,178,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Anthony Mascarenas sold 1,450 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $88.63, for a total value of $128,513.50. Following the transaction, the director now owns 46,757 shares in the company, valued at $4,144,072.91. The disclosure for this sale can be found here. Insiders have sold a total of 59,378 shares of company stock valued at $6,030,709 over the last 90 days. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Mizuho raised their price objective on shares of ON Semiconductor from $112.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley boosted their price target on shares of ON Semiconductor from $89.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 1st. Wells Fargo & Company raised their price objective on shares of ON Semiconductor from $95.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, July 24th. Truist Financial boosted their target price on shares of ON Semiconductor from $93.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, The Goldman Sachs Group raised their target price on shares of ON Semiconductor from $95.00 to $106.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, ON Semiconductor presently has an average rating of “Moderate Buy” and a consensus price target of $109.31.

ON Semiconductor Price Performance

NASDAQ ON traded down $0.25 during midday trading on Thursday, hitting $96.58. The company had a trading volume of 1,534,733 shares, compared to its average volume of 6,485,337. The company has a current ratio of 2.39, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. ON Semiconductor Corporation has a twelve month low of $54.93 and a twelve month high of $111.35. The company has a market capitalization of $41.71 billion, a PE ratio of 21.86, a P/E/G ratio of 2.52 and a beta of 1.78. The firm has a 50-day moving average price of $98.20 and a 200-day moving average price of $87.80.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Monday, July 31st. The semiconductor company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. ON Semiconductor had a return on equity of 36.71% and a net margin of 23.41%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the firm earned $1.34 EPS. ON Semiconductor’s revenue was up .5% on a year-over-year basis. As a group, analysts anticipate that ON Semiconductor Corporation will post 5.25 earnings per share for the current fiscal year.

About ON Semiconductor

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.