Icon Advisers Inc. Co. lessened its stake in shares of ON Semiconductor Corp (NASDAQ:ON) by 69.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,400 shares of the semiconductor company’s stock after selling 79,300 shares during the quarter. Icon Advisers Inc. Co.’s holdings in ON Semiconductor were worth $720,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ON. Teacher Retirement System of Texas grew its holdings in shares of ON Semiconductor by 314.4% during the fourth quarter. Teacher Retirement System of Texas now owns 143,691 shares of the semiconductor company’s stock worth $3,009,000 after purchasing an additional 109,018 shares in the last quarter. Emerald Advisers Inc. PA grew its holdings in shares of ON Semiconductor by 7.2% during the fourth quarter. Emerald Advisers Inc. PA now owns 99,624 shares of the semiconductor company’s stock worth $2,086,000 after purchasing an additional 6,690 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of ON Semiconductor by 3.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 493,067 shares of the semiconductor company’s stock worth $10,325,000 after purchasing an additional 15,805 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of ON Semiconductor by 144.3% during the fourth quarter. Meeder Asset Management Inc. now owns 68,604 shares of the semiconductor company’s stock worth $1,436,000 after purchasing an additional 40,524 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of ON Semiconductor by 3.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,392 shares of the semiconductor company’s stock worth $1,788,000 after purchasing an additional 2,658 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

In other news, EVP William Hall sold 22,583 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total value of $538,830.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paul E. Rolls sold 16,899 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $21.03, for a total value of $355,385.97. Following the completion of the sale, the vice president now directly owns 305,807 shares in the company, valued at $6,431,121.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,246 shares of company stock valued at $2,140,940. 1.40% of the stock is owned by corporate insiders.

ON has been the subject of several research reports. Credit Suisse Group upped their target price on ON Semiconductor from $14.50 to $17.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor in a research note on Tuesday, December 19th. Vetr lowered ON Semiconductor from a “strong-buy” rating to a “buy” rating and set a $25.52 target price for the company. in a research note on Wednesday, January 10th. ValuEngine lowered ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Jefferies Group upped their target price on ON Semiconductor from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.99.

ON Semiconductor Corp (NASDAQ ON) opened at $21.34 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. The company has a market capitalization of $8,971.03, a P/E ratio of 18.23, a P/E/G ratio of 1.00 and a beta of 2.08. ON Semiconductor Corp has a twelve month low of $13.65 and a twelve month high of $25.60.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. ON Semiconductor had a return on equity of 23.64% and a net margin of 14.63%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. research analysts expect that ON Semiconductor Corp will post 1.73 EPS for the current year.

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ON Semiconductor Company Profile

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

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

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