V Wealth Management LLC Sells 9,756 Shares of ON Semiconductor Corp (ON)
V Wealth Management LLC lowered its stake in shares of ON Semiconductor Corp (NASDAQ:ON) by 7.1% during the fourth quarter, Holdings Channel reports. The fund owned 127,509 shares of the semiconductor company’s stock after selling 9,756 shares during the quarter. ON Semiconductor comprises 1.5% of V Wealth Management LLC’s portfolio, making the stock its 9th biggest holding. V Wealth Management LLC’s holdings in ON Semiconductor were worth $2,990,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC purchased a new position in ON Semiconductor during the second quarter worth about $458,495,000. FMR LLC lifted its position in ON Semiconductor by 58.7% during the second quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after buying an additional 14,818,360 shares during the period. Coatue Management LLC purchased a new position in ON Semiconductor during the second quarter worth about $68,740,000. Bank of Montreal Can lifted its position in ON Semiconductor by 132.3% during the fourth quarter. Bank of Montreal Can now owns 4,044,634 shares of the semiconductor company’s stock worth $84,695,000 after buying an additional 2,303,338 shares during the period. Finally, Simcoe Capital Management LLC purchased a new position in ON Semiconductor during the second quarter worth about $25,182,000. 99.75% of the stock is currently owned by institutional investors and hedge funds.
ON Semiconductor Corp (NASDAQ:ON) traded up $0.30 during trading on Friday, hitting $25.04. The stock had a trading volume of 6,543,511 shares, compared to its average volume of 6,550,454. The stock has a market cap of $10,620.00, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 0.78 and a beta of 2.02. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. ON Semiconductor Corp has a 52 week low of $13.06 and a 52 week high of $25.17.
ON Semiconductor (NASDAQ:ON) last posted its earnings results on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). ON Semiconductor had a net margin of 7.22% and a return on equity of 22.97%. analysts expect that ON Semiconductor Corp will post 1.43 EPS for the current fiscal year.
In other news, COO William A. Schromm sold 54,366 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $21.18, for a total value of $1,151,471.88. Following the completion of the sale, the chief operating officer now owns 666,815 shares in the company, valued at $14,123,141.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP William Hall sold 22,583 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $23.86, for a total value of $538,830.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,874 shares of company stock valued at $4,259,209. Insiders own 1.60% of the company’s stock.
Several research firms recently weighed in on ON. Vetr downgraded ON Semiconductor from a “buy” rating to a “hold” rating and set a $25.52 target price on the stock. in a research report on Friday. Mizuho reiterated a “buy” rating and set a $26.00 target price (up from $24.00) on shares of ON Semiconductor in a research report on Friday, January 12th. BidaskClub upgraded ON Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. ValuEngine upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $22.26.
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ON Semiconductor Profile
ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.
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