Premia Global Advisors LLC bought a new position in shares of ON Semiconductor Corp (NASDAQ:ON) during the 4th quarter, Holdings Channel reports. The fund bought 9,597 shares of the semiconductor company’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its stake in shares of ON Semiconductor by 6.0% during the 3rd quarter. Janus Henderson Group PLC now owns 34,605,410 shares of the semiconductor company’s stock worth $639,162,000 after acquiring an additional 1,949,089 shares in the last quarter. Capital International Investors boosted its stake in shares of ON Semiconductor by 1.9% during the 3rd quarter. Capital International Investors now owns 24,062,785 shares of the semiconductor company’s stock worth $444,440,000 after acquiring an additional 439,448 shares in the last quarter. LSV Asset Management boosted its stake in shares of ON Semiconductor by 63.1% during the 4th quarter. LSV Asset Management now owns 7,255,728 shares of the semiconductor company’s stock worth $151,934,000 after acquiring an additional 2,806,816 shares in the last quarter. TCW Group Inc. boosted its stake in shares of ON Semiconductor by 22.8% during the 3rd quarter. TCW Group Inc. now owns 5,057,099 shares of the semiconductor company’s stock worth $93,405,000 after acquiring an additional 938,018 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of ON Semiconductor by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 4,088,564 shares of the semiconductor company’s stock worth $85,613,000 after acquiring an additional 110,427 shares in the last quarter. Institutional investors own 97.13% of the company’s stock.

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In other ON Semiconductor news, EVP George H. Cave sold 14,000 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $24.27, for a total transaction of $339,780.00. Following the transaction, the executive vice president now owns 278,649 shares of the company’s stock, valued at approximately $6,762,811.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP George H. Cave sold 20,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $24.38, for a total value of $487,600.00. Following the transaction, the executive vice president now directly owns 260,357 shares in the company, valued at approximately $6,347,503.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,195 shares of company stock worth $2,675,075. 1.40% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on the company. BidaskClub raised ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Vetr raised ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 price target on the stock in a research note on Monday, January 22nd. Zacks Investment Research raised ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, March 6th. ValuEngine raised ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Mizuho boosted their price target on ON Semiconductor from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.09.

Shares of ON Semiconductor Corp (NASDAQ:ON) opened at $26.02 on Wednesday. ON Semiconductor Corp has a 52 week low of $13.65 and a 52 week high of $27.10. The company has a quick ratio of 1.31, a current ratio of 2.08 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $11,401.81, a P/E ratio of 23.10, a P/E/G ratio of 1.26 and a beta of 2.03.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. ON Semiconductor had a return on equity of 21.88% and a net margin of 14.63%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company earned $0.29 EPS. ON Semiconductor’s revenue was up 9.2% on a year-over-year basis. equities analysts forecast that ON Semiconductor Corp will post 1.73 earnings per share for the current year.

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

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