Great Valley Advisor Group Inc. Has $989,000 Stock Holdings in ON Semiconductor Corporation (NASDAQ:ON)

Great Valley Advisor Group Inc. lifted its stake in ON Semiconductor Corporation (NASDAQ:ONFree Report) by 110.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,635 shares of the semiconductor company’s stock after acquiring an additional 5,593 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in ON Semiconductor were worth $989,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ON. 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 worth $1,716,000 after acquiring an additional 845 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of ON Semiconductor in the 1st quarter valued at about $1,171,000. Yousif Capital Management LLC lifted its stake in ON Semiconductor by 4.2% in the 1st quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company’s stock valued at $618,000 after purchasing an additional 395 shares during the last quarter. Raymond James Trust N.A. grew its holdings in ON Semiconductor by 15.4% during 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 period. Finally, Blair William & Co. IL increased its position in ON Semiconductor by 22.0% during the first quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company’s stock worth $267,000 after buying an additional 768 shares during the last quarter. Institutional investors own 96.36% of the company’s stock.

ON Semiconductor Trading Down 0.6 %

ON opened at $72.57 on Wednesday. The company’s 50 day moving average price is $76.83 and its two-hundred day moving average price is $85.30. The firm has a market capitalization of $31.26 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.30 and a beta of 1.83. ON Semiconductor Corporation has a fifty-two week low of $61.47 and a fifty-two week high of $111.35. 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 (NASDAQ:ONGet Free Report) last released its quarterly earnings results on Monday, October 30th. The semiconductor company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.15 billion. ON Semiconductor had a return on equity of 33.78% and a net margin of 26.69%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 EPS. As a group, research analysts predict that ON Semiconductor Corporation will post 5.13 earnings per share for the current year.

Analysts Set New Price Targets

ON has been the topic of several research analyst reports. Susquehanna dropped their price objective on shares of ON Semiconductor from $110.00 to $90.00 and set a “positive” rating on the stock in a research report on Tuesday, October 31st. Needham & Company LLC reduced their price objective on ON Semiconductor from $120.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Truist Financial lowered their target price on ON Semiconductor from $122.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. StockNews.com started coverage on ON Semiconductor in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Robert W. Baird reissued a “neutral” rating and set a $60.00 target price (down previously from $120.00) on shares of ON Semiconductor in a 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 company’s stock. Based on data from MarketBeat, ON Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $98.08.

View Our Latest Stock Report on ON Semiconductor

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.

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

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