Boston Partners reduced its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,774,963 shares of the semiconductor company’s stock after selling 633,558 shares during the period. Boston Partners’ holdings in ON Semiconductor Corporation were worth $277,641,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Segantii Capital Management Ltd acquired a new stake in shares of ON Semiconductor Corporation during the first quarter valued at about $101,000. Israel Discount Bank of New York acquired a new stake in shares of ON Semiconductor Corporation during the first quarter valued at about $102,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of ON Semiconductor Corporation during the first quarter valued at about $110,000. Tower Research Capital LLC TRC raised its stake in shares of ON Semiconductor Corporation by 2,234.7% in the first quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 9,609 shares in the last quarter. Finally, FTB Advisors Inc. raised its stake in shares of ON Semiconductor Corporation by 499.9% in the first quarter. FTB Advisors Inc. now owns 10,306 shares of the semiconductor company’s stock valued at $148,000 after buying an additional 8,588 shares in the last quarter. 97.43% of the stock is owned by institutional investors and hedge funds.
ON Semiconductor Corporation (NASDAQ ON) opened at 15.57 on Friday. ON Semiconductor Corporation has a 52 week low of $10.08 and a 52 week high of $16.93. The company has a market cap of $6.56 billion, a P/E ratio of 22.93 and a beta of 1.97. The firm has a 50-day moving average price of $15.00 and a 200 day moving average price of $14.97.
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Several brokerages have recently issued reports on ON. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $17.00 target price (up from $16.00) on shares of ON Semiconductor Corporation in a research report on Wednesday. Mizuho reaffirmed an “outperform” rating and set a $19.00 target price (up from $18.00) on shares of ON Semiconductor Corporation in a research report on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $16.00 target price (up from $15.00) on shares of ON Semiconductor Corporation in a research report on Wednesday. ValuEngine lowered ON Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley raised their target price on ON Semiconductor Corporation from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. ON Semiconductor Corporation currently has an average rating of “Buy” and a consensus price target of $16.97.
In other news, insider Bernard Raymond Colpitts, Jr. sold 6,100 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $15.59, for a total value of $95,099.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gilles Delfassy sold 4,500 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $16.87, for a total value of $75,915.00. Following the completion of the transaction, the director now directly owns 33,044 shares of the company’s stock, valued at approximately $557,452.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,690 shares of company stock valued at $1,954,040. Company insiders own 1.60% of the company’s stock.
About ON Semiconductor Corporation
ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.
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