First National Bank of South Miami raised its position in shares of ON Semiconductor Corporation (NASDAQ:ON – Free Report) by 173.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,181 shares of the semiconductor company’s stock after acquiring an additional 1,383 shares during the quarter. First National Bank of South Miami’s holdings in ON Semiconductor were worth $206,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in ON. HighTower Advisors LLC grew its stake in ON Semiconductor by 3.2% during the 1st quarter. HighTower Advisors LLC now owns 27,412 shares of the semiconductor company’s stock valued at $1,716,000 after acquiring an additional 845 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of ON Semiconductor in the first quarter valued at approximately $1,171,000. Yousif Capital Management LLC lifted its position in ON Semiconductor by 4.2% during the first quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company’s stock worth $618,000 after buying an additional 395 shares in the last quarter. Raymond James Trust N.A. grew its holdings in ON Semiconductor by 15.4% in the 1st quarter. Raymond James Trust N.A. now owns 5,938 shares of the semiconductor company’s stock valued at $372,000 after buying an additional 793 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in shares of ON Semiconductor by 22.0% in the 1st quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company’s stock worth $267,000 after acquiring an additional 768 shares during the last quarter. 96.36% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on ON shares. Truist Financial increased their price objective on ON Semiconductor from $93.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus increased their target price on shares of ON Semiconductor from $98.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of ON Semiconductor from $95.00 to $100.00 in a report on Thursday, June 8th. Susquehanna boosted their target price on ON Semiconductor from $115.00 to $130.00 and gave the company a “positive” rating in a research report on Tuesday, August 1st. Finally, Rosenblatt Securities lifted their price objective on ON Semiconductor from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, August 1st. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.31.
Insider Buying and Selling
In other news, CAO Bernard Raymond Colpitts, Jr. sold 2,795 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $99.18, for a total value of $277,208.10. Following the sale, the chief accounting officer now directly owns 32,050 shares in the company, valued at $3,178,719. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Bernard Raymond Colpitts, Jr. sold 2,795 shares of ON Semiconductor stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $99.18, for a total transaction of $277,208.10. Following the completion of the sale, the chief accounting officer now owns 32,050 shares in the company, valued at approximately $3,178,719. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul Anthony Mascarenas sold 1,450 shares of ON Semiconductor stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $88.63, for a total transaction of $128,513.50. Following the sale, the director now owns 46,757 shares of the company’s stock, valued at $4,144,072.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,378 shares of company stock valued at $6,030,709. 0.27% of the stock is owned by insiders.
ON Semiconductor Stock Up 1.6 %
ON Semiconductor stock opened at $94.60 on Tuesday. ON Semiconductor Corporation has a 1-year low of $54.93 and a 1-year high of $111.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.39 and a quick ratio of 1.60. The stock’s 50 day moving average price is $98.24 and its 200 day moving average price is $88.24. The company has a market cap of $40.85 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.38 and a beta of 1.78.
ON Semiconductor (NASDAQ:ON – Get Free Report) last announced its quarterly earnings results on Monday, July 31st. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. ON Semiconductor had a net margin of 23.41% and a return on equity of 36.71%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 EPS. On average, sell-side analysts predict that ON Semiconductor Corporation will post 5.25 EPS 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.
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