Quantitative Systematic Strategies LLC lowered its stake in shares of ON Semiconductor Corp (NASDAQ:ON) by 21.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,514 shares of the semiconductor company’s stock after selling 4,492 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in ON Semiconductor were worth $367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. LS Investment Advisors LLC acquired a new position in ON Semiconductor in the 2nd quarter worth approximately $109,000. Point72 Asia Hong Kong Ltd increased its holdings in ON Semiconductor by 9,749.0% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,826 shares of the semiconductor company’s stock worth $118,000 after buying an additional 4,777 shares during the period. Psagot Investment House Ltd. acquired a new position in ON Semiconductor in the 2nd quarter worth approximately $123,000. Cerebellum GP LLC acquired a new position in ON Semiconductor in the 2nd quarter worth approximately $170,000. Finally, Focused Wealth Management Inc acquired a new position in ON Semiconductor in the 1st quarter worth approximately $181,000. Hedge funds and other institutional investors own 92.31% of the company’s stock.

In other news, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $21.44, for a total transaction of $26,028.16. Following the transaction, the insider now owns 18,357 shares in the company, valued at approximately $393,574.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP George H. Cave sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $26.00, for a total value of $130,000.00. Following the transaction, the executive vice president now owns 232,382 shares in the company, valued at approximately $6,041,932. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Several brokerages recently weighed in on ON. Craig Hallum increased their price target on shares of ON Semiconductor from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, June 5th. BidaskClub downgraded shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Nomura began coverage on shares of ON Semiconductor in a report on Wednesday, July 18th. They issued a “buy” rating and a $30.00 price target on the stock. Zacks Investment Research upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, July 24th. Finally, ValuEngine downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $25.74.

Shares of NASDAQ ON opened at $21.12 on Friday. The company has a market cap of $8.88 billion, a PE ratio of 14.47, a PEG ratio of 0.86 and a beta of 2.06. ON Semiconductor Corp has a 12 month low of $15.90 and a 12 month high of $27.10. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.91 and a current ratio of 1.54.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Sunday, July 29th. The semiconductor company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.43 billion. ON Semiconductor had a net margin of 16.66% and a return on equity of 24.14%. analysts forecast that ON Semiconductor Corp will post 1.84 EPS for the current fiscal year.

ON Semiconductor Company Profile

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power 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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