Koch Industries Inc. Buys Shares of 463,051 ON Semiconductor Corporation (ON)

Koch Industries Inc. bought a new position in shares of ON Semiconductor Corporation (NASDAQ:ON) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 463,051 shares of the semiconductor company’s stock, valued at approximately $432,000. Koch Industries Inc. owned approximately 0.11% of ON Semiconductor Corporation as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Piedmont Investment Advisors LLC lifted its holdings in shares of ON Semiconductor Corporation by 118.9% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 87,343 shares of the semiconductor company’s stock worth $1,226,000 after acquiring an additional 47,442 shares during the period. Krilogy Financial LLC lifted its holdings in shares of ON Semiconductor Corporation by 2.8% during the 2nd quarter. Krilogy Financial LLC now owns 16,400 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 450 shares during the period. Robecosam AG lifted its holdings in shares of ON Semiconductor Corporation by 198.5% during the 2nd quarter. Robecosam AG now owns 609,000 shares of the semiconductor company’s stock worth $8,660,000 after acquiring an additional 405,000 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of ON Semiconductor Corporation by 3.5% during the 2nd quarter. Sterling Capital Management LLC now owns 1,673,704 shares of the semiconductor company’s stock worth $23,499,000 after acquiring an additional 56,664 shares during the period. Finally, Bank of Nova Scotia bought a new stake in shares of ON Semiconductor Corporation during the 2nd quarter worth approximately $2,064,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

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ON Semiconductor Corporation (ON) traded up 0.61% during trading on Monday, hitting $19.69. 1,184,380 shares of the stock traded hands. ON Semiconductor Corporation has a 52-week low of $10.74 and a 52-week high of $19.82. The company has a market cap of $8.30 billion, a P/E ratio of 29.00 and a beta of 2.01. The firm has a 50-day moving average price of $17.81 and a 200 day moving average price of $15.82.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Needham & Company LLC raised shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 7th. Bank of America Corporation reissued a “buy” rating on shares of ON Semiconductor Corporation in a research note on Sunday, October 1st. Robert W. Baird reissued a “buy” rating and issued a $20.00 price objective on shares of ON Semiconductor Corporation in a research note on Thursday, August 24th. Finally, Morgan Stanley increased their price objective on shares of ON Semiconductor Corporation from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.55.

In related news, EVP George H. Cave sold 3,567 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.54, for a total value of $66,132.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $16.31, for a total value of $40,611.90. Following the completion of the sale, the insider now owns 24,591 shares of the company’s stock, valued at $401,079.21. The disclosure for this sale can be found here. Insiders sold a total of 74,723 shares of company stock valued at $1,336,427 over the last three months. 1.60% of the stock is currently owned by insiders.

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.

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

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