Childress Capital Advisors LLC Buys New Shares in ON Semiconductor Co. (NASDAQ:ON)


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Childress Capital Advisors LLC purchased a new stake in ON Semiconductor Co. (NASDAQ:ON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,704 shares of the semiconductor company’s stock, valued at approximately $58,000.

A number of other institutional investors have also made changes to their positions in the business. Starboard Value LP bought a new stake in ON Semiconductor in the 4th quarter valued at $295,803,000. Robecosam AG lifted its position in ON Semiconductor by 14.1% during the 4th quarter. Robecosam AG now owns 7,530,710 shares of the semiconductor company’s stock worth $246,480,000 after buying an additional 931,020 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in ON Semiconductor by 4.9% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 6,256,986 shares of the semiconductor company’s stock worth $204,791,000 after buying an additional 290,287 shares in the last quarter. Nordea Investment Management AB lifted its position in ON Semiconductor by 31.4% during the 4th quarter. Nordea Investment Management AB now owns 5,577,010 shares of the semiconductor company’s stock worth $182,536,000 after buying an additional 1,333,045 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in ON Semiconductor by 274.2% during the 4th quarter. Nuveen Asset Management LLC now owns 4,375,954 shares of the semiconductor company’s stock worth $143,225,000 after buying an additional 3,206,484 shares in the last quarter. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Vince Craig Hopkin sold 1,000 shares of the firm’s stock in a transaction on Friday, March 19th. The stock was sold at an average price of $39.26, for a total value of $39,260.00. Following the transaction, the executive vice president now owns 133,924 shares in the company, valued at $5,257,856.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emmanuel T. Hernandez sold 74,165 shares of the firm’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $37.73, for a total value of $2,798,245.45. Following the completion of the transaction, the director now owns 103,461 shares in the company, valued at approximately $3,903,583.53. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by company insiders.

Shares of ON Semiconductor stock opened at $42.93 on Thursday. The business has a fifty day simple moving average of $40.17 and a two-hundred day simple moving average of $32.69. ON Semiconductor Co. has a 1 year low of $12.69 and a 1 year high of $44.59. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 87.61, a P/E/G ratio of 5.67 and a beta of 1.99. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.11 and a quick ratio of 1.40.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Sunday, January 31st. The semiconductor company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.07. ON Semiconductor had a return on equity of 9.92% and a net margin of 3.87%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm earned $0.30 earnings per share. As a group, equities analysts anticipate that ON Semiconductor Co. will post 0.77 earnings per share for the current fiscal year.

A number of research firms have issued reports on ON. TheStreet upgraded shares of ON Semiconductor from a “c” rating to a “b-” rating in a research report on Monday, February 1st. Benchmark upped their target price on shares of ON Semiconductor from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, February 2nd. Mizuho upped their target price on shares of ON Semiconductor from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, February 2nd. Summit Insights downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, February 16th. Finally, KeyCorp upped their target price on shares of ON Semiconductor from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, February 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $36.04.

About ON Semiconductor

ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group (PSG), Advanced Solutions Group (ASG), and Intelligent Sensing Group (ISG). The PSG segment offers analog, discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions.

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

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