Exane Asset Management raised its holdings in shares of ON Semiconductor Corp (NASDAQ:ON) by 71.4% in the first quarter, HoldingsChannel reports. The firm owned 166,646 shares of the semiconductor company’s stock after purchasing an additional 69,409 shares during the period. ON Semiconductor comprises 1.7% of Exane Asset Management’s portfolio, making the stock its 20th largest holding. Exane Asset Management’s holdings in ON Semiconductor were worth $3,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James & Associates increased its stake in shares of ON Semiconductor by 3.4% during the first quarter. Raymond James & Associates now owns 160,122 shares of the semiconductor company’s stock valued at $3,294,000 after purchasing an additional 5,287 shares in the last quarter. Brasada Capital Management LP bought a new position in shares of ON Semiconductor during the first quarter valued at approximately $309,000. Teacher Retirement System of Texas increased its stake in shares of ON Semiconductor by 6.2% during the first quarter. Teacher Retirement System of Texas now owns 497,463 shares of the semiconductor company’s stock valued at $10,233,000 after purchasing an additional 28,847 shares in the last quarter. Toronto Dominion Bank increased its position in shares of ON Semiconductor by 32.0% during the first quarter. Toronto Dominion Bank now owns 75,792 shares of the semiconductor company’s stock valued at $1,559,000 after acquiring an additional 18,392 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of ON Semiconductor by 1.0% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 234,938 shares of the semiconductor company’s stock valued at $4,833,000 after acquiring an additional 2,400 shares in the last quarter. 95.29% of the stock is owned by institutional investors and hedge funds.

NASDAQ:ON traded up $0.32 during trading hours on Wednesday, reaching $20.30. The company had a trading volume of 187,641 shares, compared to its average volume of 7,087,691. The company has a current ratio of 2.31, a quick ratio of 1.38 and a debt-to-equity ratio of 0.82. ON Semiconductor Corp has a 52 week low of $14.55 and a 52 week high of $26.38. The company has a market cap of $8.08 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.53 and a beta of 2.05.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings results on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. ON Semiconductor had a net margin of 10.22% and a return on equity of 26.54%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. Research analysts forecast that ON Semiconductor Corp will post 1.8 earnings per share for the current year.

In other news, Director Emmanuel T. Hernandez sold 10,000 shares of ON Semiconductor stock in a transaction on Monday, March 11th. The shares were sold at an average price of $22.52, for a total transaction of $225,200.00. Following the transaction, the director now owns 129,655 shares in the company, valued at approximately $2,919,830.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bernard Raymond Colpitts, Jr. sold 3,069 shares of ON Semiconductor stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $23.04, for a total transaction of $70,709.76. The disclosure for this sale can be found here. Insiders have sold a total of 38,069 shares of company stock worth $864,410 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

ON has been the subject of several analyst reports. Robert W. Baird reissued a “hold” rating and set a $25.00 price target on shares of ON Semiconductor in a research report on Monday, March 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 target price on shares of ON Semiconductor in a research report on Monday, March 11th. BMO Capital Markets raised shares of ON Semiconductor from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $20.00 to $30.00 in a research report on Monday, March 4th. BidaskClub raised shares of ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Finally, Cowen initiated coverage on shares of ON Semiconductor in a research report on Friday, February 22nd. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.11.

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About ON Semiconductor

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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

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