State Board of Administration of Florida Retirement System Has $13.83 Million Position in ON Semiconductor Corp (ON)

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State Board of Administration of Florida Retirement System lowered its position in shares of ON Semiconductor Corp (NASDAQ:ON) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 672,150 shares of the semiconductor company’s stock after selling 30,900 shares during the period. State Board of Administration of Florida Retirement System’s holdings in ON Semiconductor were worth $13,826,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc boosted its stake in ON Semiconductor by 1.0% in the third quarter. Vanguard Group Inc now owns 43,093,027 shares of the semiconductor company’s stock valued at $794,204,000 after acquiring an additional 411,056 shares in the last quarter. Janus Henderson Group PLC raised its holdings in ON Semiconductor by 1.2% during the first quarter. Janus Henderson Group PLC now owns 30,904,180 shares of the semiconductor company’s stock worth $635,699,000 after purchasing an additional 370,033 shares in the last quarter. LSV Asset Management raised its holdings in ON Semiconductor by 1.5% during the fourth quarter. LSV Asset Management now owns 8,636,521 shares of the semiconductor company’s stock worth $142,588,000 after purchasing an additional 128,295 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in ON Semiconductor by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,780,073 shares of the semiconductor company’s stock worth $128,449,000 after purchasing an additional 881,265 shares in the last quarter. Finally, Robecosam AG raised its holdings in ON Semiconductor by 41.6% during the fourth quarter. Robecosam AG now owns 5,320,000 shares of the semiconductor company’s stock worth $86,876,000 after purchasing an additional 1,562,100 shares in the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.

In related news, EVP George H. Cave sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $22.84, for a total transaction of $342,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Emmanuel T. Hernandez sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $22.52, for a total transaction of $225,200.00. Following the sale, the director now owns 129,655 shares in the company, valued at approximately $2,919,830.60. The disclosure for this sale can be found here. Insiders sold 38,069 shares of company stock worth $864,410 over the last quarter. Company insiders own 1.40% of the company’s stock.

Several research analysts recently issued reports on ON shares. BMO Capital Markets raised shares of ON Semiconductor from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $20.00 to $30.00 in a report on Monday, March 4th. Jefferies Financial Group raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $29.00 in a report on Tuesday, April 30th. Zacks Investment Research raised shares of ON Semiconductor from a “sell” rating to a “hold” rating in a report on Monday, January 21st. Robert W. Baird reaffirmed a “hold” rating and issued a $25.00 target price on shares of ON Semiconductor in a report on Monday, March 11th. Finally, ValuEngine cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. ON Semiconductor presently has an average rating of “Hold” and an average price target of $25.11.

Shares of ON stock traded down $0.17 during trading hours on Friday, hitting $19.58. The company’s stock had a trading volume of 142,173 shares, compared to its average volume of 7,201,923. The firm has a market capitalization of $8.35 billion, a PE ratio of 9.95, a P/E/G ratio of 1.57 and a beta of 2.05. ON Semiconductor Corp has a twelve month low of $14.55 and a twelve month high of $26.38. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.31 and a quick ratio of 1.38.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Saturday, April 27th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. ON Semiconductor had a net margin of 10.22% and a return on equity of 26.54%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 earnings per share. As a group, sell-side analysts anticipate that ON Semiconductor Corp will post 1.8 earnings per share for the current year.

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ON Semiconductor Profile

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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

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