Martin Taylor’s Crake Asset Management Portfolio: Top 5 Stock Picks

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In this article, we discuss the top 5 stock picks of Martin Taylor’s Crake Asset Management. If you want our detailed analysis of these stocks, go directly to Martin Taylor’s Crake Asset Management Portfolio: Top 10 Stock Picks.

5. ON Semiconductor Corporation (NASDAQ:ON)

Percentage of Crake Asset Management’s 13F Portfolio: 6.02%

Number of Hedge Fund Holders: 44

ON Semiconductor Corporation (NASDAQ:ON) is a manufacturer of semiconductors that are used for automotive, computing, consumer, industrial, medical, military, and aerospace applications, to name a few.

ON Semiconductor Corporation (NASDAQ:ON)’s Q3 EPS on November 1 totaled $0.87, exceeding estimates by $0.13. The revenue came in at $1.74 billion, up $29.22 million as compared to estimates. 

At the end of the second quarter, 44 hedge funds monitored by Insider Monkey reported owning stakes in ON Semiconductor Corporation (NASDAQ:ON), up from 41 in the preceding quarter. 

Truist analyst William Stein on November 2 raised the price target on ON Semiconductor Corporation (NASDAQ:ON) to $62 from $51 and kept a Buy rating on the shares after the Q3 performance. Stein also raised his FY22 EPS guidance for ON Semiconductor Corporation (NASDAQ:ON) to $3.3 from $2.81.

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