Versor Investments LP Purchases Shares of 4,300 ON Semiconductor Corporation (NASDAQ:ON)

Versor Investments LP acquired a new position in shares of ON Semiconductor Corporation (NASDAQ:ONFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,300 shares of the semiconductor company’s stock, valued at approximately $400,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ON. FinTrust Capital Advisors LLC bought a new position in shares of ON Semiconductor during the 4th quarter worth approximately $25,000. Newbridge Financial Services Group Inc. increased its stake in ON Semiconductor by 175.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 275 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 175 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in ON Semiconductor by 95.5% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 348 shares of the semiconductor company’s stock worth $33,000 after buying an additional 170 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of ON Semiconductor during the 1st quarter worth about $33,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of ON Semiconductor in the third quarter valued at about $45,000. 96.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho lowered their target price on shares of ON Semiconductor from $120.00 to $98.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. BNP Paribas cut shares of ON Semiconductor from an “outperform” rating to a “neutral” rating and set a $95.00 target price on the stock. in a report on Wednesday, October 4th. Truist Financial cut their target price on shares of ON Semiconductor from $122.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Roth Mkm initiated coverage on ON Semiconductor in a research report on Tuesday, November 14th. They set a “buy” rating and a $75.00 price target on the stock. Finally, Rosenblatt Securities cut their price objective on ON Semiconductor from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday, October 31st. Twelve research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.08.

Check Out Our Latest Research Report on ON Semiconductor

ON Semiconductor Price Performance

ON stock opened at $72.57 on Wednesday. The company’s fifty day simple moving average is $76.83 and its 200 day simple moving average is $85.30. The firm has a market cap of $31.26 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.30 and a beta of 1.83. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.34. ON Semiconductor Corporation has a 12-month low of $61.47 and a 12-month high of $111.35.

ON Semiconductor (NASDAQ:ONGet Free Report) last posted its earnings results on Monday, October 30th. The semiconductor company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.34 by $0.05. ON Semiconductor had a net margin of 26.69% and a return on equity of 33.78%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts expect that ON Semiconductor Corporation will post 5.13 earnings per share for the current year.

ON Semiconductor Company Profile

(Free Report)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

See Also

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

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