214,836 Shares in ON Semiconductor Corporation (ON) Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. purchased a new stake in ON Semiconductor Corporation (NASDAQ:ON) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 214,836 shares of the semiconductor company’s stock, valued at approximately $3,968,000. Pinebridge Investments L.P. owned 0.05% of ON Semiconductor at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. OxFORD Asset Management LLP bought a new stake in shares of ON Semiconductor during the 3rd quarter valued at $8,535,000. BB&T Securities LLC bought a new stake in shares of ON Semiconductor during the 3rd quarter valued at $187,000. Investec Asset Management LTD lifted its position in shares of ON Semiconductor by 1.9% during the 3rd quarter. Investec Asset Management LTD now owns 3,689,182 shares of the semiconductor company’s stock valued at $68,139,000 after acquiring an additional 67,426 shares during the period. Paradice Investment Management LLC lifted its position in shares of ON Semiconductor by 4.6% during the 3rd quarter. Paradice Investment Management LLC now owns 3,069,968 shares of the semiconductor company’s stock valued at $56,702,000 after acquiring an additional 136,216 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of ON Semiconductor by 8.7% during the 3rd quarter. Legal & General Group Plc now owns 324,520 shares of the semiconductor company’s stock valued at $5,991,000 after acquiring an additional 25,952 shares during the period. Hedge funds and other institutional investors own 99.82% of the company’s stock.

Several brokerages recently weighed in on ON. B. Riley restated a “buy” rating and set a $21.00 price objective on shares of ON Semiconductor in a research report on Sunday, August 13th. Morgan Stanley upped their price objective on ON Semiconductor from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co restated a “neutral” rating and set a $17.00 price objective (up from $16.00) on shares of ON Semiconductor in a research report on Wednesday, August 9th. Mizuho restated an “outperform” rating and set a $19.00 price objective (up from $18.00) on shares of ON Semiconductor in a research report on Wednesday, August 9th. Finally, Jefferies Group restated a “hold” rating and set a $16.00 price objective (up from $15.00) on shares of ON Semiconductor in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.23.

ON Semiconductor Corporation (NASDAQ:ON) opened at $18.98 on Tuesday. ON Semiconductor Corporation has a fifty-two week low of $11.13 and a fifty-two week high of $22.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25. The stock has a market capitalization of $8,423.86, a PE ratio of 18.22, a price-to-earnings-growth ratio of 0.75 and a beta of 2.02.

In other news, Director Daryl Ostrander sold 2,000 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $16.78, for a total value of $33,560.00. Following the completion of the sale, the director now owns 65,458 shares of the company’s stock, valued at $1,098,385.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO William A. Schromm sold 54,366 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $21.18, for a total value of $1,151,471.88. Following the completion of the sale, the chief operating officer now directly owns 666,815 shares of the company’s stock, valued at approximately $14,123,141.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 740,243 shares of company stock valued at $14,692,763. Insiders own 1.40% of the company’s stock.

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ON Semiconductor Profile

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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Institutional Ownership by Quarter for ON Semiconductor (NASDAQ:ON)

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