Bokf Na reduced its position in ON Semiconductor Corp (NASDAQ:ON) by 74.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,325 shares of the semiconductor company’s stock after selling 100,165 shares during the quarter. Bokf Na’s holdings in ON Semiconductor were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of ON Semiconductor by 69.2% during the fourth quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 788 shares during the period. Pearl River Capital LLC acquired a new stake in shares of ON Semiconductor during the fourth quarter worth $34,000. Enlightenment Research LLC acquired a new stake in shares of ON Semiconductor during the fourth quarter worth $36,000. Financial Gravity Companies Inc. acquired a new stake in shares of ON Semiconductor during the fourth quarter worth $56,000. Finally, Massey Quick Simon & CO. LLC acquired a new stake in shares of ON Semiconductor during the fourth quarter worth $62,000. 93.98% of the stock is owned by institutional investors and hedge funds.

In other news, Director Emmanuel T. Hernandez sold 30,000 shares of the firm’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $20.01, for a total value of $600,300.00. Following the completion of the transaction, the director now owns 159,655 shares in the company, valued at $3,194,696.55. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Emmanuel T. Hernandez sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $22.00, for a total value of $220,000.00. Following the completion of the transaction, the director now owns 149,655 shares of the company’s stock, valued at approximately $3,292,410. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $1,266,000 in the last quarter. 1.29% of the stock is currently owned by company insiders.

ON has been the subject of several recent research reports. ValuEngine downgraded ON Semiconductor from a “hold” rating to a “sell” rating in a report on Friday, December 7th. Zacks Investment Research downgraded ON Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $28.00 price target on shares of ON Semiconductor in a report on Wednesday, January 9th. Finally, BidaskClub raised ON Semiconductor from a “strong sell” rating to a “sell” rating in a report on Saturday, January 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.73.

NASDAQ:ON opened at $21.36 on Thursday. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.68 and a beta of 2.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.32. ON Semiconductor Corp has a 1 year low of $14.55 and a 1 year high of $26.79.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Friday, February 1st. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.05. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. ON Semiconductor had a return on equity of 26.91% and a net margin of 10.67%. As a group, sell-side analysts anticipate that ON Semiconductor Corp will post 1.83 EPS for the current year.

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About ON Semiconductor

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

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