Hanseatic Management Services Inc. lifted its holdings in ON Semiconductor Corp (NASDAQ:ON) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 69,489 shares of the semiconductor company’s stock after buying an additional 2,858 shares during the quarter. ON Semiconductor makes up 1.5% of Hanseatic Management Services Inc.’s portfolio, making the stock its 8th biggest position. Hanseatic Management Services Inc.’s holdings in ON Semiconductor were worth $1,455,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. LSV Asset Management increased its holdings in shares of ON Semiconductor by 63.1% in 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 during the period. Bank of Montreal Can increased its holdings in shares of ON Semiconductor by 132.3% in the 4th quarter. Bank of Montreal Can now owns 4,044,634 shares of the semiconductor company’s stock worth $84,695,000 after acquiring an additional 2,303,338 shares during the period. Janus Henderson Group PLC increased its holdings in shares of ON Semiconductor by 6.0% in 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 during the period. Point72 Asset Management L.P. increased its holdings in shares of ON Semiconductor by 4,748.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,658,100 shares of the semiconductor company’s stock worth $30,625,000 after acquiring an additional 1,623,900 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in shares of ON Semiconductor by 121.6% in the 4th quarter. OppenheimerFunds Inc. now owns 2,658,938 shares of the semiconductor company’s stock worth $55,679,000 after acquiring an additional 1,458,938 shares during the period. Institutional investors own 97.13% of the company’s stock.
In other news, EVP George H. Cave sold 14,000 shares of ON Semiconductor stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $24.27, for a total value of $339,780.00. Following the transaction, the executive vice president now owns 278,649 shares of the company’s stock, valued at $6,762,811.23. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP George H. Cave sold 20,000 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $24.38, for a total transaction of $487,600.00. Following the completion of 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. Insiders sold 115,195 shares of company stock valued at $2,675,075 over the last quarter. Corporate insiders own 1.40% of the company’s stock.
Shares of ON Semiconductor Corp (NASDAQ:ON) opened at $26.65 on Monday. The company has a current ratio of 2.08, a quick ratio of 1.31 and a debt-to-equity ratio of 0.97. The company has a market cap of $11,312.47, a P/E ratio of 14.22, a P/E/G ratio of 1.25 and a beta of 2.03. ON Semiconductor Corp has a fifty-two week low of $13.65 and a fifty-two week high of $26.77.
ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. ON Semiconductor had a net margin of 14.63% and a return on equity of 21.88%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $0.29 earnings per share. analysts anticipate that ON Semiconductor Corp will post 1.73 EPS for the current year.
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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