On October 8, 2023, financial news reported that &Channel Wealth LLC had acquired a new position in ON Semiconductor Corporation (NASDAQ:ON) during the second quarter of the year. The company purchased 4,728 shares of the semiconductor company’s stock at an approximate value of $447,000. This development was disclosed in the company’s most recent Form 13F filing with the Securities & Exchange Commission.
ON Semiconductor recently released its quarterly earnings results on July 31st. The semiconductor firm announced earnings per share of $1.33 for the quarter, surpassing analysts’ consensus estimates of $1.21 by $0.12. With a return on equity of 36.71% and a net margin of 23.41%, ON Semiconductor displayed strong financial performance. The company generated revenue amounting to $2.09 billion during this quarter, exceeding the consensus estimate of $2.02 billion. When compared to the same period in the previous year, ON Semiconductor experienced a slight increase in revenue by 0.5%. Analysts currently anticipate that ON Semiconductor Corporation will report earnings per share of 5.25 for this fiscal year.
In other news related to ON Semiconductor, chief accounting officer Bernard Raymond Colpitts Jr., sold 2,795 shares of the firm’s stock on September 11th for an average price of $99.18 each, resulting in a total transaction worth $277,208.10 US dollars.In addition, EVP Simon Keeton sold 10,276 shares in July at an average price of $100 per share for a total value of $1,027,600.
These sales were disclosed through documents filed with the Securities & Exchange Commission and can be accessed via provided hyperlinks.
Insiders reportedly sold a total of 46,618 shares within the last three months with a cumulative value reaching approximately $4,827,746 US dollars. Currently, insiders hold 0.40% of the company’s stock.
It is important to note that this article references information from October 8, 2023, and the mentioned financial events occurred prior to that date. Investors and individuals interested in ON Semiconductor’s current position should refer to the most up-to-date sources for accurate information.
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Institutional Investors Capitalize on Growth Potential: Analyzing ON Semiconductor’s Strategic Holdings
Institutional investors have been making significant modifications to their holdings of ON Semiconductor, a leading semiconductor company. One such investor, Bank Julius Baer & Co. Ltd Zurich, saw an astounding increase of 85,638.8% in its position during the second quarter. The bank now owns 99,180,073 shares of ON Semiconductor’s stock, valued at $9,380,451,000 after acquiring an additional 99,064,396 shares.
Vanguard Group Inc., another prominent institutional investor, experienced a 3.7% growth in its stake during the first quarter. The group now owns 41,662,400 shares of the semiconductor company’s stock worth $2,608,483,000.
Artisan Partners Limited Partnership also increased its holdings in ON Semiconductor by 5.5% during the first quarter. The partnership now owns 11,681,283 shares of the company’s stock valued at $961,603,000 after acquiring an additional 607,316 shares.
Geode Capital Management LLC raised its position in ON Semiconductor by 1.5% during the first quarter as well. The firm now owns 9,271,748 shares worth $761,615,,000 after purchasing an additional 136,908 shares.
Furthermore , Moneta Group Investment Advisors LLC experienced an unbelievable surge of 1221198..2% in its holdings during the fourth quarter. With a current total of6,,06,,32 ,22shares ,it is has a value of $3781070OO0 .
All in all these institutional investors own approximately96.&36%of comany,s s jotck indicates a substantial level off interest and confidence in OOnSemiconductor’s prospects for future growth and success.
OON Semiconductors’ stock opened at $90.&93 on Friday with a market cap of $&927billion . These figures portray consistencyave fluctuated between a year `s low of $54.93 and a year`s high of $ &11..35.
Additionally ,the company’s financial health appears stable with a quick ratio of 1.60, current ratio of 2.39 ,and –debt-to -equity ratio of.o37.This demonstrates an efficient management and indicates the ability to meet short-term obligations, as well as utilizing assets effectively.
Analyzing ON Semiconductor further, it has observed that the stock has a price-to-earnings rafio.of 20.81, a price-to-earnings-growth ratio of z 32 kà nd ba betaof 1.77
Numerous equities research analysts have voiced their opinions on ON Semiconductor. The Goldman Sachs Group recently raised its target price from $95-.00 to £1063 &9d.reppvxted#stock as Matem A,-rease hereone.A rating in Jtelanupt report.
BNP Paribas has downgraded .its rating on ON.EstoNeutraland hdoiased
their target price to $9500
However Truist Financial holds an optimistic view bringing.•theirtarget pncefrom,93.t050–to,$122n givingtli,:stock.a”buy”ratinginthelms-research npte..
Rosenblatt Securities*hing-the:evuersanalysts Increase pxczngtroduce ciinal Easternrom
St f el Nicolaus, also supports this notion by raising their target moved ityffom.$Taz=5pto$1054/indicatmg sell scarcity.holdrat nag tr’asurerch notec=
In conclusion , -based OJn arenmNASDAQ.NSO remains cautiousture-atáOfstock.pricing.tumointamaderate buy-slug which signifies strong potential for growth but comes with certain risks.System Dongpreviously mentioned analyses.
From the investor’s perspective, these modifications in holdings indicate a high level of perplexity and bustiness as various institutions seize the opportunity to capitalize on ON Semiconductor’s growth potential. With the involvement of notable institutional investors, ON Semiconductor undoubtedly stands as a prominent player in the semiconductor industry, poised for continued success in the coming years.
