Tradelink Capital adds ON Semiconductor Corp (ON) to its portfolio

ON Semiconductor Corp (ON) : Tradelink Capital added new position in ON Semiconductor Corp during the most recent quarter end. The investment management firm now holds 15,679 shares of ON Semiconductor Corp which is valued at $152,086 , the company said in a statement filed on Aug 1, 2016 with the SEC.ON Semiconductor Corp makes up approximately 0.70% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Todd Asset Management boosted its stake in ON in the latest quarter, The investment management firm added 76,389 additional shares and 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 approx 1.08% of Todd Asset Management’s portfolio.Emerald Mutual Fund Advisers Trust boosted its stake in ON in the latest quarter, The investment management firm added 356 additional shares and now holds a total of 14,642 shares of ON Semiconductor Corp which is valued at $146,859. ON Semiconductor Corp makes up approx 0.01% of Emerald Mutual Fund Advisers Trust’s portfolio.Msi Financial Services Inc boosted its stake in ON in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 1,488 shares of ON Semiconductor Corp which is valued at $15,178. Burt Wealth Advisors sold out all of its stake in ON during the most recent quarter. The investment firm sold 162 shares of ON which is valued $1,549. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in ON during the most recent quarter. The investment firm sold 599,593 shares of ON which is valued $5,732,109.

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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