ON Semiconductor Co. (NASDAQ:ON) Stock Holdings Lessened by Natixis Investment Managers International

Natixis Investment Managers International lessened its holdings in shares of ON Semiconductor Co. (NASDAQ:ON) by 99.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,665 shares of the semiconductor company’s stock after selling 1,243,768 shares during the quarter. Natixis Investment Managers International’s holdings in ON Semiconductor were worth $216,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in shares of ON Semiconductor by 64.7% during the 2nd quarter. Parallel Advisors LLC now owns 657 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 258 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in ON Semiconductor by 0.8% during the first quarter. Johnson Investment Counsel Inc. now owns 42,860 shares of the semiconductor company’s stock valued at $1,783,000 after purchasing an additional 330 shares during the last quarter. Stephens Inc. AR grew its holdings in ON Semiconductor by 4.5% during the second quarter. Stephens Inc. AR now owns 7,782 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 333 shares during the last quarter. Cypress Capital Management LLC WY grew its holdings in ON Semiconductor by 0.8% during the second quarter. Cypress Capital Management LLC WY now owns 46,704 shares of the semiconductor company’s stock valued at $1,788,000 after purchasing an additional 390 shares during the last quarter. Finally, Profund Advisors LLC grew its holdings in ON Semiconductor by 2.4% during the second quarter. Profund Advisors LLC now owns 18,090 shares of the semiconductor company’s stock valued at $692,000 after purchasing an additional 428 shares during the last quarter. 91.15% of the stock is currently owned by institutional investors.

In other ON Semiconductor news, EVP George H. Cave sold 11,210 shares of the company’s stock in a transaction on Wednesday, September 8th. The shares were sold at an average price of $45.20, for a total transaction of $506,692.00. Following the sale, the executive vice president now directly owns 200,975 shares of the company’s stock, valued at $9,084,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vince Craig Hopkin sold 4,000 shares of the stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $42.94, for a total transaction of $171,760.00. The disclosure for this sale can be found here. In the last three months, insiders sold 25,700 shares of company stock worth $1,150,993. 1.42% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on ON. Credit Suisse Group raised their price objective on shares of ON Semiconductor from $17.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 3rd. Stifel Nicolaus began coverage on shares of ON Semiconductor in a report on Thursday. They set a “hold” rating and a $45.00 price objective on the stock. UBS Group began coverage on shares of ON Semiconductor in a research note on Wednesday. They issued a “neutral” rating and a $46.00 target price for the company. B. Riley boosted their target price on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd. Finally, Craig Hallum boosted their target price on shares of ON Semiconductor from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $48.58.

Shares of ON Semiconductor stock traded up $0.92 on Thursday, hitting $42.82. The company had a trading volume of 40,673 shares, compared to its average volume of 6,216,474. The firm has a market capitalization of $18.44 billion, a P/E ratio of 34.63, a P/E/G ratio of 0.35 and a beta of 1.87. ON Semiconductor Co. has a twelve month low of $23.86 and a twelve month high of $49.78. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.22 and a quick ratio of 1.32. The stock has a 50-day moving average of $45.33 and a 200-day moving average of $41.22.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Sunday, August 1st. The semiconductor company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.14. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. ON Semiconductor had a net margin of 8.85% and a return on equity of 18.98%. The business’s quarterly revenue was up 37.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. Equities analysts predict that ON Semiconductor Co. will post 2.49 EPS for the current year.

ON Semiconductor Profile

ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.

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Institutional Ownership by Quarter for ON Semiconductor (NASDAQ:ON)

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