Todd Asset Management buys $34,964,445 stake in ON Semiconductor Corp (ON)

ON Semiconductor Corp (ON) : Todd Asset Management scooped up 76,389 additional shares in ON Semiconductor Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 3,604,582 shares of ON Semiconductor Corp which is valued at $34,964,445.ON Semiconductor Corp makes up approximately 1.08% of Todd Asset Management’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in ON in the latest quarter, The investment management firm added 63,175 additional shares and now holds a total of 377,980 shares of ON Semiconductor Corp which is valued at $3,666,406. ON Semiconductor Corp makes up approx 0.05% of Ngam Advisors’s portfolio.Herndon Capital Management reduced its stake in ON by selling 25,655 shares or 40.38% in the most recent quarter. The Hedge Fund company now holds 37,872 shares of ON which is valued at $379,856. ON Semiconductor Corp makes up approx 0.01% of Herndon Capital Management’s portfolio.Emerald Advisers Incpa reduced its stake in ON by selling 1,719 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 180,307 shares of ON which is valued at $1,808,479. ON Semiconductor Corp makes up approx 0.08% of Emerald Advisers Incpa’s portfolio.Capital Analysts boosted its stake in ON in the latest quarter, The investment management firm added 899 additional shares and now holds a total of 5,791 shares of ON Semiconductor Corp which is valued at $55,072. ON Semiconductor Corp makes up approx 0.01% of Capital Analysts’s portfolio.

ON Semiconductor Corp opened for trading at $9.68 and hit $9.805 on the upside on Thursday, eventually ending the session at $9.78, with a gain of 0.82% or 0.08 points. The heightened volatility saw the trading volume jump to 17,62,707 shares. Company has a market cap of $4,057 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.

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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