Boston Advisors LLC raised its position in ON Semiconductor Corporation (NASDAQ:ON) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 902,290 shares of the semiconductor company’s stock after buying an additional 32,885 shares during the quarter. Boston Advisors LLC owned 0.21% of ON Semiconductor Corporation worth $16,665,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ON. Oppenheimer Asset Management Inc. acquired a new position in ON Semiconductor Corporation in the 1st quarter valued at $110,000. Nine Chapters Capital Management LLC acquired a new position in ON Semiconductor Corporation in the 2nd quarter valued at $157,000. Marshall Wace North America L.P. acquired a new position in ON Semiconductor Corporation in the 2nd quarter valued at $184,000. Airain ltd acquired a new position in ON Semiconductor Corporation in the 2nd quarter valued at $207,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ON Semiconductor Corporation by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,851 shares of the semiconductor company’s stock valued at $209,000 after buying an additional 1,507 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.
ON Semiconductor Corporation (NASDAQ ON) traded up $0.13 during trading on Friday, reaching $21.56. The company’s stock had a trading volume of 6,375,700 shares, compared to its average volume of 6,241,883. The company has a quick ratio of 1.29, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $9,089.80, a P/E ratio of 19.66, a PEG ratio of 0.81 and a beta of 2.06. ON Semiconductor Corporation has a 1 year low of $10.85 and a 1 year high of $22.03.
A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley upped their target price on ON Semiconductor Corporation from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. Credit Suisse Group upped their target price on ON Semiconductor Corporation from $14.50 to $17.00 and gave the company an “underperform” rating in a research report on Tuesday. Jefferies Group LLC upped their target price on ON Semiconductor Corporation from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Craig Hallum upped their target price on ON Semiconductor Corporation from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $21.02.
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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, EVP Robert A. Klosterboer sold 16,325 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $20.23, for a total value of $330,254.75. Following the completion of the sale, the executive vice president now directly owns 409,848 shares of the company’s stock, valued at approximately $8,291,225.04. The disclosure for this sale can be found here. Insiders sold 620,517 shares of company stock valued at $12,041,308 over the last quarter. Corporate insiders own 1.60% of the company’s stock.
ON Semiconductor Corporation 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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