Argent Capital Management Lowers stake in ON Semiconductor Corp (ON)

ON Semiconductor Corp (ON) : Argent Capital Management reduced its stake in ON Semiconductor Corp by 0.62% during the most recent quarter end. The investment management company now holds a total of 4,671,240 shares of ON Semiconductor Corp which is valued at $47,973,635 after selling 29,235 shares in ON Semiconductor Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.ON Semiconductor Corp makes up approximately 2.03% of Argent Capital Management’s portfolio.

Other Hedge Funds, Including , Alambic Investment Management added ON to its portfolio by purchasing 22,400 company shares during the most recent quarter which is valued at $230,048. ON Semiconductor Corp makes up approx 0.05% of Alambic Investment Management’s portfolio.Diam Ltd. boosted its stake in ON in the latest quarter, The investment management firm added 77,124 additional shares and now holds a total of 527,973 shares of ON Semiconductor Corp which is valued at $5,121,338. ON Semiconductor Corp makes up approx 0.07% of Diam Ltd.’s portfolio.California Public Employees Retirement System reduced its stake in ON by selling 18,900 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 1,230,600 shares of ON which is valued at $11,936,820. ON Semiconductor Corp makes up approx 0.02% of California Public Employees Retirement System’s portfolio.Royal London Asset Management Ltd boosted its stake in ON in the latest quarter, The investment management firm added 61,316 additional shares and now holds a total of 223,952 shares of ON Semiconductor Corp which is valued at $2,172,334. ON Semiconductor Corp makes up approx 0.03% of Royal London Asset Management Ltd’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 $10.17 and hit $10.41 on the upside on Monday, eventually ending the session at $10.38, with a gain of 2.77% or 0.28 points. The heightened volatility saw the trading volume jump to 42,36,106 shares. Company has a market cap of $4,313 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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