Acrospire Investment Management LLC increased its stake in shares of ON Semiconductor Corp. (NASDAQ:ON) by 36.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,700 shares of the company’s stock after buying an additional 3,100 shares during the period. Acrospire Investment Management LLC’s holdings in ON Semiconductor Corp. were worth $103,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Boothbay Fund Management LLC raised its stake in shares of ON Semiconductor Corp. by 19.8% in the first quarter. Boothbay Fund Management LLC now owns 14,630 shares of the company’s stock worth $140,000 after buying an additional 2,420 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of ON Semiconductor Corp. by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,642 shares of the company’s stock worth $129,000 after buying an additional 356 shares during the last quarter. BlueMountain Capital Management LLC raised its stake in shares of ON Semiconductor Corp. by 412.1% in the first quarter. BlueMountain Capital Management LLC now owns 14,963 shares of the company’s stock worth $143,000 after buying an additional 12,041 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of ON Semiconductor Corp. during the second quarter worth $133,000. Finally, TradeLink Capital LLC acquired a new stake in shares of ON Semiconductor Corp. during the second quarter worth $138,000. Institutional investors own 94.67% of the company’s stock.

ON Semiconductor Corp. (NASDAQ:ON) traded up 0.216% during trading on Wednesday, hitting $11.605. The stock had a trading volume of 1,560,854 shares. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 29.756 and a beta of 1.64. The stock’s 50-day moving average is $10.55 and its 200 day moving average is $9.73. ON Semiconductor Corp. has a one year low of $6.97 and a one year high of $12.00.

ON Semiconductor Corp. (NASDAQ:ON) last posted its earnings results on Monday, August 8th. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $877.80 million for the quarter, compared to the consensus estimate of $854.55 million. ON Semiconductor Corp. had a net margin of 4.70% and a return on equity of 20.14%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. Equities analysts anticipate that ON Semiconductor Corp. will post $0.84 earnings per share for the current year.

A number of equities research analysts have recently weighed in on ON shares. Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of ON Semiconductor Corp. in a research note on Friday, September 16th. Mizuho reiterated an “outperform” rating and issued a $16.00 target price on shares of ON Semiconductor Corp. in a research report on Friday, September 9th. Credit Agricole SA initiated coverage on ON Semiconductor Corp. in a research report on Tuesday, May 24th. They issued an “outperform” rating and a $11.00 target price on the stock. Wedbush reiterated an “outperform” rating and issued a $13.00 target price (up previously from $12.00) on shares of ON Semiconductor Corp. in a research report on Friday, June 3rd. Finally, Stifel Nicolaus upped their target price on ON Semiconductor Corp. from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $13.41.

In other news, VP Paul E. Rolls sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $11.25, for a total value of $168,750.00. Following the sale, the vice president now directly owns 277,202 shares of the company’s stock, valued at $3,118,522.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by insiders.

ON Semiconductor Corp. Company Profile

ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for customers to solve their design challenges in advanced electronic systems and products. The Company operates through four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.

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