ON Semiconductor Corporation (NASDAQ:ON) Stock Holdings Boosted by AIA Group Ltd

AIA Group Ltd lifted its stake in shares of ON Semiconductor Corporation (NASDAQ:ONFree Report) by 50.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,780 shares of the semiconductor company’s stock after acquiring an additional 6,980 shares during the quarter. AIA Group Ltd’s holdings in ON Semiconductor were worth $1,932,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ON. FinTrust Capital Advisors LLC bought a new stake in shares of ON Semiconductor during the 4th quarter worth $25,000. Newbridge Financial Services Group Inc. boosted its position in shares of ON Semiconductor by 175.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 275 shares of the semiconductor company’s stock worth $26,000 after buying an additional 175 shares during the period. Brown Brothers Harriman & Co. raised its holdings in shares of ON Semiconductor by 95.5% during the second quarter. Brown Brothers Harriman & Co. now owns 348 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 170 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of ON Semiconductor during the first quarter worth $33,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of ON Semiconductor during the third quarter worth $45,000. 96.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ON. JPMorgan Chase & Co. cut their price objective on ON Semiconductor from $118.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, October 31st. Susquehanna cut their target price on ON Semiconductor from $110.00 to $90.00 and set a “positive” rating on the stock in a report on Tuesday, October 31st. Robert W. Baird restated a “neutral” rating and set a $60.00 target price (down from $120.00) on shares of ON Semiconductor in a report on Tuesday, October 31st. Morgan Stanley cut their target price on ON Semiconductor from $110.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Finally, KeyCorp dropped their price objective on ON Semiconductor from $125.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 31st. Twelve investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.08.

Read Our Latest Report on ON

ON Semiconductor Stock Performance

Shares of ON Semiconductor stock opened at $72.27 on Thursday. The firm has a fifty day moving average of $75.91 and a two-hundred day moving average of $86.81. The stock has a market capitalization of $31.13 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 3.75 and a beta of 1.83. ON Semiconductor Corporation has a 52 week low of $61.47 and a 52 week high of $111.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.60 and a current ratio of 2.44.

ON Semiconductor (NASDAQ:ONGet Free Report) last issued its earnings results on Monday, October 30th. The semiconductor company reported $1.39 EPS for the quarter, beating 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 analysts’ expectations of $2.15 billion. During the same quarter in the previous year, the company posted $1.45 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts predict that ON Semiconductor Corporation will post 5.13 EPS for the current year.

About ON Semiconductor

(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.

Featured Articles

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ON Semiconductor Corporation (NASDAQ:ONFree Report).

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

Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.