Linden Advisors Lp adds ON Semiconductor Corp (ON) to its portfolio

ON Semiconductor Corp (ON) : Linden Advisors Lp added new position in ON Semiconductor Corp during the most recent quarter end. The investment management firm now holds 36,500 shares of ON Semiconductor Corp which is valued at $368,650 , the company said in a statement filed on Aug 15, 2016 with the SEC.ON Semiconductor Corp makes up approximately 0.18% of Linden Advisors Lp’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al boosted its stake in ON in the latest quarter, The investment management firm added 10,561 additional shares and now holds a total of 39,286 shares of ON Semiconductor Corp which is valued at $396,789. ON Semiconductor Corp makes up approx 0.02% of Tudor Investment Corp Et Al’s portfolio.Menta Capital reduced its stake in ON by selling 44,400 shares or 40.81% in the most recent quarter. The Hedge Fund company now holds 64,400 shares of ON which is valued at $650,440. ON Semiconductor Corp makes up approx 0.08% of Menta Capital’s portfolio. Stevens Capital Management Lp added ON to its portfolio by purchasing 140,512 company shares during the most recent quarter which is valued at $1,419,171. ON Semiconductor Corp makes up approx 0.05% of Stevens Capital Management Lp’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in ON in the latest quarter, The investment management firm added 104,669 additional shares and now holds a total of 730,787 shares of ON Semiconductor Corp which is valued at $7,300,562. ON Semiconductor Corp makes up approx 0.02% of State Board Of Administration Of Florida 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.

ON Semiconductor Corp opened for trading at $10.79 and hit $11.02 on the upside on Thursday, eventually ending the session at $10.99, with a gain of 1.76% or 0.19 points. The heightened volatility saw the trading volume jump to 26,70,701 shares. Company has a market cap of $4,567 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 Longbow to ” Buy” on Aug 24, 2016. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *