Nomura Asset Management Co. Ltd. Decreases Stock Holdings in ON Semiconductor Corporation (NASDAQ:ON)

Nomura Asset Management Co. Ltd. trimmed its position in shares of ON Semiconductor Corporation (NASDAQ:ONFree Report) by 8.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 164,565 shares of the semiconductor company’s stock after selling 15,409 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in ON Semiconductor were worth $15,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its position in ON Semiconductor by 3.2% during the first quarter. HighTower Advisors LLC now owns 27,412 shares of the semiconductor company’s stock valued at $1,716,000 after purchasing an additional 845 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of ON Semiconductor in the first quarter worth about $1,171,000. Yousif Capital Management LLC grew its stake in shares of ON Semiconductor by 4.2% in the first quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 395 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of ON Semiconductor by 15.4% in the first quarter. Raymond James Trust N.A. now owns 5,938 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 793 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in shares of ON Semiconductor by 22.0% in the first quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 768 shares during the last quarter. 96.36% of the stock is owned by institutional investors.

ON Semiconductor Price Performance

Shares of NASDAQ ON traded down $0.98 during mid-day trading on Friday, hitting $71.71. 10,021,546 shares of the company’s stock traded hands, compared to its average volume of 8,807,146. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.44 and a quick ratio of 1.60. ON Semiconductor Corporation has a 1 year low of $61.47 and a 1 year high of $111.35. The company has a market capitalization of $30.89 billion, a P/E ratio of 14.66, a PEG ratio of 3.82 and a beta of 1.83. The company’s 50-day moving average is $76.67 and its two-hundred day moving average is $86.02.

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, topping analysts’ consensus estimates of $1.34 by $0.05. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.15 billion. ON Semiconductor had a net margin of 26.69% and a return on equity of 33.78%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. On average, equities analysts anticipate that ON Semiconductor Corporation will post 5.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ON has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on ON Semiconductor from $118.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 31st. Robert W. Baird reissued a “neutral” rating and issued a $60.00 price target (down from $120.00) on shares of ON Semiconductor in a research report on Tuesday, October 31st. Truist Financial decreased their price objective on shares of ON Semiconductor from $122.00 to $81.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Morgan Stanley decreased their price objective on shares of ON Semiconductor from $110.00 to $76.00 and set an “equal weight” rating for the company in a report on Tuesday, October 31st. Finally, StockNews.com began coverage on shares of ON Semiconductor in a report on Thursday, October 5th. They issued a “hold” rating for the company. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, ON Semiconductor currently has an average rating of “Moderate Buy” and an average price target of $98.08.

Read Our Latest Stock Analysis on ON

ON Semiconductor 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.

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

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