Biechele Royce Advisors lifted its position in ON Semiconductor Corp (NASDAQ:ON) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 436,104 shares of the semiconductor company’s stock after acquiring an additional 18,783 shares during the period. ON Semiconductor accounts for about 5.5% of Biechele Royce Advisors’ investment portfolio, making the stock its 5th largest holding. Biechele Royce Advisors owned about 0.11% of ON Semiconductor worth $8,378,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new position in shares of ON Semiconductor in the 2nd quarter worth approximately $28,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of ON Semiconductor in the 2nd quarter worth approximately $71,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of ON Semiconductor in the 2nd quarter worth approximately $77,000. Stephens Inc. AR grew its stake in shares of ON Semiconductor by 11.2% in the 2nd quarter. Stephens Inc. AR now owns 4,983 shares of the semiconductor company’s stock worth $101,000 after buying an additional 503 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in shares of ON Semiconductor by 40.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 6,375 shares of the semiconductor company’s stock worth $129,000 after buying an additional 1,835 shares during the last quarter. 96.20% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on the company. B. Riley restated a “buy” rating on shares of ON Semiconductor in a research note on Monday, August 5th. Raymond James upgraded ON Semiconductor from a “market perform” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Monday, August 19th. Mizuho restated a “buy” rating and issued a $26.00 price target on shares of ON Semiconductor in a research note on Monday, August 5th. Cowen restated an “outperform” rating and issued a $25.00 price target (down previously from $29.00) on shares of ON Semiconductor in a research note on Tuesday, August 6th. Finally, ValuEngine downgraded ON Semiconductor from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. ON Semiconductor currently has a consensus rating of “Buy” and a consensus price target of $24.41.
Shares of ON opened at $18.84 on Friday. The business’s fifty day simple moving average is $18.78 and its two-hundred day simple moving average is $19.77. The company has a current ratio of 2.42, a quick ratio of 1.41 and a debt-to-equity ratio of 1.08. ON Semiconductor Corp has a 12 month low of $14.55 and a 12 month high of $23.54. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 1.86 and a beta of 2.18.
ON Semiconductor (NASDAQ:ON) last issued its earnings results on Sunday, August 4th. The semiconductor company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. ON Semiconductor had a return on equity of 25.36% and a net margin of 9.49%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $0.46 EPS. The company’s revenue was down 7.4% compared to the same quarter last year. As a group, research analysts forecast that ON Semiconductor Corp will post 1.55 EPS for the current year.
ON Semiconductor Profile
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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