Tyers Asset Management LLC lessened its holdings in ON Semiconductor Corp (NASDAQ:ON) by 54.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 162,512 shares of the semiconductor company’s stock after selling 191,716 shares during the period. Tyers Asset Management LLC’s holdings in ON Semiconductor were worth $3,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new position in ON Semiconductor in the 1st quarter worth approximately $25,000. Berman Capital Advisors LLC increased its holdings in ON Semiconductor by 79.8% in the 1st quarter. Berman Capital Advisors LLC now owns 1,539 shares of the semiconductor company’s stock worth $31,000 after buying an additional 683 shares during the period. Pearl River Capital LLC acquired a new position in ON Semiconductor in the 4th quarter worth approximately $34,000. Enlightenment Research LLC acquired a new position in ON Semiconductor in the 4th quarter worth approximately $36,000. Finally, Private Capital Group LLC increased its holdings in ON Semiconductor by 116.8% in the 1st quarter. Private Capital Group LLC now owns 2,096 shares of the semiconductor company’s stock worth $43,000 after buying an additional 1,129 shares during the period. Institutional investors own 96.33% of the company’s stock.

Shares of NASDAQ:ON traded down $0.27 during midday trading on Wednesday, reaching $19.76. 293,667 shares of the company’s stock traded hands, compared to its average volume of 7,063,321. ON Semiconductor Corp has a 1 year low of $14.55 and a 1 year high of $25.92. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 1.51 and a beta of 2.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.31 and a quick ratio of 1.38.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $0.31 EPS. The business’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts expect that ON Semiconductor Corp will post 1.78 earnings per share for the current year.

Several equities research analysts have commented on the company. ValuEngine lowered ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. BidaskClub lowered ON Semiconductor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 14th. Longbow Research lowered ON Semiconductor from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 17th. Mizuho upped their price objective on ON Semiconductor from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Goldman Sachs Group upgraded ON Semiconductor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $22.00 to $26.00 in a research report on Wednesday, March 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. ON Semiconductor has a consensus rating of “Hold” and a consensus price target of $25.11.

In other ON Semiconductor news, EVP George H. Cave sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.84, for a total value of $342,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gilles Delfassy sold 3,731 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $18.96, for a total value of $70,739.76. Following the completion of the transaction, the director now owns 49,208 shares in the company, valued at approximately $932,983.68. The disclosure for this sale can be found here. Insiders have sold a total of 31,800 shares of company stock worth $709,950 in the last quarter. 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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