64,000 Shares in ON Semiconductor Corporation (ON) Purchased by Royce & Associates LP

Royce & Associates LP bought a new stake in ON Semiconductor Corporation (NASDAQ:ON) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 64,000 shares of the semiconductor company’s stock, valued at approximately $1,182,000.

Several other hedge funds have also bought and sold shares of the stock. FMR LLC boosted its stake in ON Semiconductor by 58.7% during the second quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after buying an additional 14,818,360 shares during the period. Vanguard Group Inc. boosted its stake in ON Semiconductor by 5.0% during the second quarter. Vanguard Group Inc. now owns 34,915,253 shares of the semiconductor company’s stock worth $490,210,000 after buying an additional 1,652,005 shares during the period. Janus Henderson Group PLC purchased a new position in ON Semiconductor during the second quarter worth $458,495,000. Pictet Asset Management Ltd. boosted its stake in ON Semiconductor by 16.8% during the third quarter. Pictet Asset Management Ltd. now owns 8,576,929 shares of the semiconductor company’s stock worth $158,416,000 after buying an additional 1,234,603 shares during the period. Finally, Schroder Investment Management Group boosted its stake in ON Semiconductor by 15.5% during the second quarter. Schroder Investment Management Group now owns 7,050,788 shares of the semiconductor company’s stock worth $100,262,000 after buying an additional 948,452 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.

In other ON Semiconductor news, CEO Keith D. Jackson sold 476,191 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $19.59, for a total value of $9,328,581.69. Following the completion of the transaction, the chief executive officer now directly owns 3,649,468 shares in the company, valued at $71,493,078.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daryl Ostrander sold 1,398 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total transaction of $26,701.80. Following the completion of the transaction, the director now owns 64,060 shares of the company’s stock, valued at $1,223,546. The disclosure for this sale can be found here. Insiders sold 734,526 shares of company stock valued at $14,597,833 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Several research analysts have commented on the stock. Piper Jaffray Companies started coverage on shares of ON Semiconductor in a research note on Monday, December 18th. They set a “neutral” rating and a $21.00 price objective for the company. Robert W. Baird reiterated a “buy” rating and set a $25.00 target price on shares of ON Semiconductor in a research report on Tuesday, October 17th. Morgan Stanley lifted their target price on ON Semiconductor from $18.50 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor in a research report on Tuesday, September 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of ON Semiconductor in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $21.37.

Shares of ON Semiconductor Corporation (NASDAQ ON) opened at $20.86 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $8,890.44, a PE ratio of 22.92, a P/E/G ratio of 0.79 and a beta of 2.02. ON Semiconductor Corporation has a fifty-two week low of $12.37 and a fifty-two week high of $22.15.

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About ON Semiconductor

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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