ON Semiconductor Corporation (ON) Position Increased by Aperio Group LLC
Aperio Group LLC increased its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,366 shares of the semiconductor company’s stock after buying an additional 3,224 shares during the period. Aperio Group LLC’s holdings in ON Semiconductor Corporation were worth $707,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Segantii Capital Management Ltd acquired a new stake in shares of ON Semiconductor Corporation during the first quarter valued at $101,000. Israel Discount Bank of New York acquired a new stake in shares of ON Semiconductor Corporation during the first quarter valued at $102,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of ON Semiconductor Corporation during the first quarter valued at $110,000. FTB Advisors Inc. increased its stake in shares of ON Semiconductor Corporation by 499.9% in the first quarter. FTB Advisors Inc. now owns 10,306 shares of the semiconductor company’s stock valued at $148,000 after buying an additional 8,588 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of ON Semiconductor Corporation by 2,234.7% in the first quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 9,609 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.
Shares of ON Semiconductor Corporation (ON) traded up 2.03% during midday trading on Tuesday, hitting $16.07. The stock had a trading volume of 1,842,806 shares. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 23.67 and a beta of 1.97. ON Semiconductor Corporation has a 1-year low of $10.08 and a 1-year high of $16.93. The firm’s 50-day moving average price is $15.31 and its 200-day moving average price is $15.12.
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Several analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on ON Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. B. Riley restated a “buy” rating and set a $18.00 price objective on shares of ON Semiconductor Corporation in a research report on Sunday, May 14th. Needham & Company LLC upgraded ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 7th. BidaskClub upgraded ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Morgan Stanley upped their price objective on ON Semiconductor Corporation from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. ON Semiconductor Corporation presently has an average rating of “Buy” and an average price target of $16.97.
In other ON Semiconductor Corporation news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $16.31, for a total transaction of $40,611.90. Following the transaction, the insider now owns 24,591 shares in the company, valued at approximately $401,079.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP George H. Cave sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $16.09, for a total value of $241,350.00. Following the transaction, the executive vice president now owns 252,158 shares in the company, valued at approximately $4,057,222.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,716 shares of company stock worth $958,684. 1.60% of the stock is owned by company insiders.
ON Semiconductor Corporation Company 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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