Spark Investment Management buys $8.8 Million stake in ON Semiconductor Corp (ON)

ON Semiconductor Corp (ON) : Spark Investment Management scooped up 594,000 additional shares in ON Semiconductor Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 981,800 shares of ON Semiconductor Corp which is valued at $8.8 Million.ON Semiconductor Corp makes up approximately 0.90% of Spark Investment Management’s portfolio.

Other Hedge Funds, Including , Robecosam Usa boosted its stake in ON in the latest quarter, The investment management firm added 23,000 additional shares and now holds a total of 77,000 shares of ON Semiconductor Corp which is valued at $689,150. ON Semiconductor Corp makes up approx 0.87% of Robecosam Usa’s portfolio. Trexquant Investment Lp sold out all of its stake in ON during the most recent quarter. The investment firm sold 56,500 shares of ON which is valued $505,675.First Trust Advisors Lp boosted its stake in ON in the latest quarter, The investment management firm added 127,502 additional shares and now holds a total of 1,043,912 shares of ON Semiconductor Corp which is valued at $9.3 Million. ON Semiconductor Corp makes up approx 0.03% of First Trust Advisors Lp’s portfolio. Timber Hill added ON to its portfolio by purchasing 51,923 company shares during the most recent quarter which is valued at $488,595. ON Semiconductor Corp makes up approx 0.04% of Timber Hill’s portfolio.

ON Semiconductor Corp opened for trading at $9.11 and hit $9.25 on the upside on Friday, eventually ending the session at $9.19, with a gain of 1.77% or 0.16 points. The heightened volatility saw the trading volume jump to 33,01,984 shares. Company has a market cap of $3,811,920 M.

On the company’s financial health, ON Semiconductor Corp reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.20. The company had revenue of $817.20 million for the quarter, compared to analysts expectations of $854.25 million. The company’s revenue was down -6.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

ON Semiconductor Corporation offers a portfolio of analog digital and mixed signal ICs image sensors and custom devices for customers to solve their design challenges in electronic systems and products. The company operates through four segments: Application Products Group designs and develops analog mixed-signal and logic ASIC and ASSP solutions for end-users in the automotive consumer electronics computing industrial communications medical and military/aerospace markets. Image Sensor Group designs and develops CMOS and CCD image sensors and image processors for end-users in the automotive industrial consumer electronics wireless medical and military/aerospace markets. Standard Products Group offers discrete and integrated semiconductor products that perform multiple application functions. System Solutions Group designs and develops analog and mixed signal ICs DSPs analog and digital tuners intelligent power modules memory and discrete semiconductors.

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