ON Semiconductor Corporation (ON) Shares Bought by Paradice Investment Management LLC
Paradice Investment Management LLC boosted its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,069,968 shares of the semiconductor company’s stock after purchasing an additional 136,216 shares during the quarter. ON Semiconductor comprises 4.3% of Paradice Investment Management LLC’s holdings, making the stock its 10th largest holding. Paradice Investment Management LLC owned 0.72% of ON Semiconductor worth $56,702,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of ON. Oppenheimer Asset Management Inc. increased its holdings in shares of ON Semiconductor by 13.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 960 shares in the last quarter. Nine Chapters Capital Management LLC bought a new stake in shares of ON Semiconductor during the second quarter valued at approximately $157,000. Marshall Wace North America L.P. bought a new stake in shares of ON Semiconductor during the second quarter valued at approximately $184,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of ON Semiconductor during the third quarter valued at approximately $200,000. Finally, Airain ltd bought a new stake in shares of ON Semiconductor during the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 99.79% of the company’s stock.
Shares of ON Semiconductor Corporation (NASDAQ ON) opened at $21.11 on Tuesday. ON Semiconductor Corporation has a 1-year low of $10.85 and a 1-year high of $22.15. The stock has a market capitalization of $9,132.21, a price-to-earnings ratio of 19.75, a P/E/G ratio of 0.82 and a beta of 2.06. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.
In other ON Semiconductor news, CFO Bernard Gutmann sold 20,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $19.62, for a total value of $392,400.00. Following the transaction, the chief financial officer now owns 555,248 shares of the company’s stock, valued at $10,893,965.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Paul E. Rolls sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $17.00, for a total value of $170,000.00. Following the completion of the transaction, the vice president now directly owns 368,029 shares in the company, valued at approximately $6,256,493. The disclosure for this sale can be found here. Insiders have sold 757,186 shares of company stock valued at $14,980,794 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.
ON has been the subject of several recent research reports. Needham & Company LLC upgraded ON Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Monday, August 7th. B. Riley boosted their price objective on ON Semiconductor from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, August 7th. Credit Suisse Group boosted their price objective on ON Semiconductor from $13.50 to $14.50 and gave the company an “underperform” rating in a report on Tuesday, August 8th. Morgan Stanley boosted their price objective on ON Semiconductor from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Finally, ValuEngine downgraded ON Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. ON Semiconductor presently has a consensus rating of “Buy” and an average price target of $21.23.
About ON Semiconductor
ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.
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