Bremer Trust National Association Cuts Holdings in ON Semiconductor Corp (ON)

Bremer Trust National Association lessened its holdings in shares of ON Semiconductor Corp (NASDAQ:ON) by 11.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 160,798 shares of the semiconductor company’s stock after selling 21,460 shares during the period. ON Semiconductor comprises about 0.9% of Bremer Trust National Association’s investment portfolio, making the stock its 21st biggest position. Bremer Trust National Association’s holdings in ON Semiconductor were worth $3,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ON. Oppenheimer Asset Management Inc. boosted its position in shares of ON Semiconductor by 13.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 960 shares during the period. Marshall Wace North America L.P. bought a new position in shares of ON Semiconductor in the second quarter valued at approximately $184,000. BB&T Securities LLC bought a new position in shares of ON Semiconductor in the third quarter valued at approximately $187,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of ON Semiconductor in the third quarter valued at approximately $200,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ON Semiconductor by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,851 shares of the semiconductor company’s stock valued at $209,000 after acquiring an additional 1,507 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

ON Semiconductor Corp (ON) traded up $0.49 during mid-day trading on Friday, hitting $23.57. 5,906,151 shares of the company’s stock traded hands, compared to its average volume of 5,842,111. The stock has a market capitalization of $10,000.00, a P/E ratio of 25.62, a PEG ratio of 0.75 and a beta of 2.02. ON Semiconductor Corp has a 52-week low of $13.02 and a 52-week high of $23.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25.

In related news, CEO Keith D. Jackson sold 476,191 shares of ON Semiconductor stock in a transaction on 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 transaction, the chief executive officer now directly owns 3,649,468 shares of the company’s stock, valued at $71,493,078.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP George H. Cave sold 3,000 shares of ON Semiconductor stock in a transaction on Monday, January 8th. The stock was sold at an average price of $22.85, for a total transaction of $68,550.00. Following the completion of the transaction, the executive vice president now directly owns 394,570 shares in the company, valued at $9,015,924.50. The disclosure for this sale can be found here. Insiders have sold 670,482 shares of company stock worth $13,441,360 over the last three months. Insiders own 1.40% of the company’s stock.

A number of brokerages recently weighed in on ON. Zacks Investment Research raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, October 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor in a research note on Tuesday, October 17th. Bank of America reaffirmed a “buy” rating on shares of ON Semiconductor in a research note on Sunday, October 1st. Craig Hallum began coverage on shares of ON Semiconductor in a research note on Monday, September 25th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, BidaskClub raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. ON Semiconductor has a consensus rating of “Buy” and a consensus target price of $22.26.

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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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