State of Alaska Department of Revenue grew its position in shares of ON Semiconductor Corp (NASDAQ:ON) by 3.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 53,504 shares of the semiconductor company’s stock after acquiring an additional 2,006 shares during the quarter. State of Alaska Department of Revenue’s holdings in ON Semiconductor were worth $1,099,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank boosted its position in shares of ON Semiconductor by 69.2% during the 4th quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 788 shares during the last quarter. Pearl River Capital LLC bought a new stake in ON Semiconductor in the fourth quarter worth $34,000. Enlightenment Research LLC bought a new stake in ON Semiconductor in the fourth quarter worth $36,000. Financial Gravity Companies Inc. bought a new stake in ON Semiconductor in the fourth quarter worth $56,000. Finally, Massey Quick Simon & CO. LLC bought a new stake in ON Semiconductor in the fourth quarter worth $62,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

A number of brokerages recently issued reports on ON. Longbow Research downgraded ON Semiconductor from a “buy” rating to a “neutral” rating in a research report on Wednesday. ValuEngine upgraded ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. BidaskClub upgraded ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Goldman Sachs Group upgraded ON Semiconductor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $22.00 to $26.00 in a research report on Wednesday, March 27th. Finally, Robert W. Baird restated a “hold” rating and issued a $25.00 price target on shares of ON Semiconductor in a research report on Monday, March 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.82.

ON stock opened at $22.62 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.32 and a current ratio of 2.16. ON Semiconductor Corp has a twelve month low of $14.55 and a twelve month high of $26.38. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.73 and a beta of 2.03.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Friday, February 1st. The semiconductor company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. ON Semiconductor had a return on equity of 26.91% and a net margin of 10.67%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. Sell-side analysts predict that ON Semiconductor Corp will post 1.83 earnings per share for the current fiscal year.

In other news, Director Emmanuel T. Hernandez sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $22.59, for a total transaction of $225,900.00. Following the transaction, the director now owns 119,655 shares in the company, valued at $2,703,006.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Emmanuel T. Hernandez sold 30,000 shares of the firm’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $20.01, for a total value of $600,300.00. Following the transaction, the director now owns 159,655 shares in the company, valued at approximately $3,194,696.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,000 shares of company stock worth $1,491,900. Insiders own 1.40% of the company’s stock.

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ON Semiconductor Profile

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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