BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of ON Semiconductor Corp (NASDAQ:ON) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 128,520 shares of the semiconductor company’s stock, valued at approximately $2,858,000.

Several other large investors have also recently modified their holdings of ON. LS Investment Advisors LLC acquired a new position in shares of ON Semiconductor during the second quarter worth approximately $109,000. Point72 Asia Hong Kong Ltd raised its position in shares of ON Semiconductor by 9,749.0% during the first quarter. Point72 Asia Hong Kong Ltd now owns 4,826 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 4,777 shares during the period. Psagot Investment House Ltd. acquired a new position in shares of ON Semiconductor during the second quarter worth approximately $123,000. Cerebellum GP LLC acquired a new position in shares of ON Semiconductor during the second quarter worth approximately $170,000. Finally, Focused Wealth Management Inc acquired a new position in shares of ON Semiconductor during the first quarter worth approximately $181,000. 91.50% of the stock is currently owned by institutional investors.

Shares of NASDAQ:ON opened at $19.48 on Friday. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.96. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. ON Semiconductor Corp has a 1 year low of $16.28 and a 1 year high of $27.10.

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

A number of equities research analysts recently commented on the company. B. Riley increased their price target on ON Semiconductor from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. BidaskClub lowered ON Semiconductor from a “sell” rating to a “strong sell” rating in a research report on Saturday. ValuEngine lowered ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Nomura assumed coverage on ON Semiconductor in a research report on Wednesday, July 18th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Zacks Investment Research lowered ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. ON Semiconductor presently has an average rating of “Hold” and a consensus price target of $25.74.

In other news, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 18,357 shares in the company, valued at approximately $393,574.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vince Craig Hopkin sold 3,172 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $21.66, for a total value of $68,705.52. Following the transaction, the executive vice president now owns 84,114 shares of the company’s stock, valued at approximately $1,821,909.24. The disclosure for this sale can be found here. Insiders sold a total of 4,394 shares of company stock valued at $94,907 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

About ON Semiconductor

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.

Featured Story: Diversification Important in Investing

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ON Semiconductor Corp (NASDAQ:ON).

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

Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.