Robecosam AG grew its holdings in ON Semiconductor Corp (NASDAQ:ON) by 27.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,065,000 shares of the semiconductor company’s stock after purchasing an additional 231,400 shares during the period. ON Semiconductor comprises about 1.5% of Robecosam AG’s investment portfolio, making the stock its 16th biggest holding. Robecosam AG owned 0.25% of ON Semiconductor worth $22,503,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the business. Morgens Waterfall Vintiadis & Co. Inc. bought a new stake in shares of ON Semiconductor in the fourth quarter worth $1,989,000. Stone Ridge Asset Management LLC bought a new stake in shares of ON Semiconductor in the fourth quarter worth $1,213,000. Cornercap Investment Counsel Inc. bought a new stake in shares of ON Semiconductor in the fourth quarter worth $1,123,000. Jefferies Group LLC grew its holdings in shares of ON Semiconductor by 8.9% in the fourth quarter. Jefferies Group LLC now owns 233,439 shares of the semiconductor company’s stock worth $4,888,000 after acquiring an additional 19,099 shares during the period. Finally, Profund Advisors LLC grew its holdings in shares of ON Semiconductor by 26.1% in the fourth quarter. Profund Advisors LLC now owns 98,830 shares of the semiconductor company’s stock worth $2,070,000 after acquiring an additional 20,482 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.
In other news, EVP William Hall sold 22,583 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total value of $538,830.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP George H. Cave sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $24.38, for a total value of $487,600.00. Following the completion of the transaction, the executive vice president now owns 260,357 shares in the company, valued at $6,347,503.66. The disclosure for this sale can be found here. Insiders have sold 115,195 shares of company stock worth $2,675,075 over the last quarter. 1.40% of the stock is owned by company insiders.
ON Semiconductor Corp (ON) opened at $26.59 on Monday. The firm has a market capitalization of $11,312.47, a price-to-earnings ratio of 22.92, a P/E/G ratio of 1.25 and a beta of 2.03. The company has a current ratio of 2.08, a quick ratio of 1.31 and a debt-to-equity ratio of 0.97. ON Semiconductor Corp has a 52-week low of $13.65 and a 52-week high of $26.77.
ON Semiconductor (NASDAQ:ON) last released its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. ON Semiconductor had a return on equity of 21.88% and a net margin of 14.63%. ON Semiconductor’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. equities analysts anticipate that ON Semiconductor Corp will post 1.73 EPS for the current fiscal year.
About ON Semiconductor
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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