Messner Smith Theme Value Investment Management Ltd Ca Lowers stake in ON Semiconductor Corp (ON)

ON Semiconductor Corp (ON) : Messner Smith Theme Value Investment Management Ltd Ca reduced its stake in ON Semiconductor Corp by 0.43% during the most recent quarter end. The investment management company now holds a total of 176,016 shares of ON Semiconductor Corp which is valued at $1,777,762 after selling 752 shares in ON Semiconductor Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.ON Semiconductor Corp makes up approximately 3.06% of Messner Smith Theme Value Investment Management Ltd Ca’s portfolio.

Other Hedge Funds, Including , Trexquant Investment Lp added ON to its portfolio by purchasing 144,085 company shares during the most recent quarter which is valued at $1,455,259. ON Semiconductor Corp makes up approx 0.18% of Trexquant Investment Lp’s portfolio.Tlp Group reduced its stake in ON by selling 18,438 shares or 74.05% in the most recent quarter. The Hedge Fund company now holds 6,462 shares of ON which is valued at $65,331. ON Semiconductor Corp makes up approx 0.04% of Tlp Group’s portfolio.Calvert Investment Management boosted its stake in ON in the latest quarter, The investment management firm added 1,619 additional shares and now holds a total of 22,904 shares of ON Semiconductor Corp which is valued at $228,811. ON Semiconductor Corp makes up approx 0.01% of Calvert Investment Management’s portfolio.Bremer Trust National Association boosted its stake in ON in the latest quarter, The investment management firm added 1,715 additional shares and now holds a total of 204,096 shares of ON Semiconductor Corp which is valued at $1,951,158. ON Semiconductor Corp makes up approx 0.52% of Bremer Trust National Association’s portfolio.

ON Semiconductor Corp opened for trading at $10.23 and hit $10.38 on the upside on Friday, eventually ending the session at $10.24, with a gain of 0.10% or 0.01 points. The heightened volatility saw the trading volume jump to 34,74,372 shares. Company has a market cap of $4,255 M.

On the company’s financial health, ON Semiconductor Corp reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.24. The company had revenue of $877.80 million for the quarter, compared to analysts expectations of $892.13 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on ON Semiconductor Corp. ON Semiconductor Corp was Upgraded by Pacific Crest to ” Overweight” on Jun 13, 2016. Credit Agricole Initiated ON Semiconductor Corp on May 25, 2016 to “Outperform”, Price Target of the shares are set at $11.

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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