ON Semiconductor Corp (ON) Holdings Raised by United Services Automobile Association

United Services Automobile Association raised its position in shares of ON Semiconductor Corp (NASDAQ:ON) by 29.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,267 shares of the semiconductor company’s stock after acquiring an additional 32,476 shares during the period. United Services Automobile Association’s holdings in ON Semiconductor were worth $3,208,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank lifted its stake in shares of ON Semiconductor by 3.4% in the second quarter. Comerica Bank now owns 74,521 shares of the semiconductor company’s stock valued at $1,782,000 after buying an additional 2,478 shares during the period. Independent Advisor Alliance lifted its stake in shares of ON Semiconductor by 13.9% in the second quarter. Independent Advisor Alliance now owns 20,734 shares of the semiconductor company’s stock valued at $285,000 after buying an additional 2,526 shares during the period. Lido Advisors LLC lifted its stake in shares of ON Semiconductor by 28.0% in the second quarter. Lido Advisors LLC now owns 12,589 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 2,754 shares during the period. Centaurus Financial Inc. lifted its stake in shares of ON Semiconductor by 6.1% in the second quarter. Centaurus Financial Inc. now owns 52,124 shares of the semiconductor company’s stock valued at $1,159,000 after buying an additional 2,999 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of ON Semiconductor by 10.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 33,363 shares of the semiconductor company’s stock valued at $742,000 after buying an additional 3,242 shares during the period. Institutional investors own 92.30% of the company’s stock.

Several equities research analysts recently weighed in on ON shares. ValuEngine cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research note on Monday, September 17th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of ON Semiconductor in a research note on Monday, July 30th. BidaskClub cut shares of ON Semiconductor from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 8th. Raymond James cut shares of ON Semiconductor from an “outperform” rating to a “market perform” rating and set a $32.00 target price for the company. in a research note on Tuesday, September 25th. Finally, Morgan Stanley cut shares of ON Semiconductor from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $20.00 to $18.50 in a research note on Thursday, August 9th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. ON Semiconductor presently has a consensus rating of “Hold” and an average target price of $25.96.

NASDAQ:ON opened at $16.92 on Wednesday. ON Semiconductor Corp has a 12-month low of $16.05 and a 12-month high of $27.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 0.91. The stock has a market capitalization of $7.86 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 0.76 and a beta of 2.01.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Sunday, July 29th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. ON Semiconductor had a net margin of 16.66% and a return on equity of 24.14%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. Equities analysts predict that ON Semiconductor Corp will post 1.84 EPS for the current fiscal year.

In other news, Director Paul Anthony Mascarenas sold 9,100 shares of the firm’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $18.16, for a total transaction of $165,256.00. Following the completion of the sale, the director now owns 57,104 shares of the company’s stock, valued at $1,037,008.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of the firm’s 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 sale, the insider now directly owns 18,357 shares of the company’s stock, valued at approximately $393,574.08. The disclosure for this sale can be found here. Insiders sold 39,494 shares of company stock valued at $768,883 in the last three months. Company insiders own 1.29% of the company’s stock.

ON Semiconductor 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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