Rafferty Asset Management LLC boosted its stake in ON Semiconductor Corporation (NASDAQ:ON) by 51.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,683 shares of the semiconductor company’s stock after purchasing an additional 67,748 shares during the quarter. Rafferty Asset Management LLC’s holdings in ON Semiconductor Corporation were worth $2,790,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Segantii Capital Management Ltd purchased a new stake in ON Semiconductor Corporation in the first quarter valued at approximately $101,000. Israel Discount Bank of New York purchased a new stake in ON Semiconductor Corporation in the first quarter valued at approximately $102,000. Oppenheimer Asset Management Inc. purchased a new stake in ON Semiconductor Corporation in the first quarter valued at approximately $110,000. Tower Research Capital LLC TRC grew its holdings in 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 purchasing an additional 9,609 shares during the period. Finally, Nine Chapters Capital Management LLC purchased a new stake in ON Semiconductor Corporation in the second quarter valued at approximately $157,000. Hedge funds and other institutional investors own 98.07% of the company’s stock.

ON Semiconductor Corporation (ON) opened at 17.38 on Thursday. ON Semiconductor Corporation has a 52 week low of $10.74 and a 52 week high of $17.73. The stock has a 50 day moving average of $16.37 and a 200 day moving average of $15.37. The stock has a market capitalization of $7.33 billion, a P/E ratio of 25.60 and a beta of 1.98.

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In other ON Semiconductor Corporation news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the 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 $401,079.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daryl Ostrander sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $16.78, for a total value of $33,560.00. Following the transaction, the director now owns 65,458 shares in the company, valued at approximately $1,098,385.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,548 shares of company stock worth $450,275. Corporate insiders own 1.60% of the company’s stock.

ON has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Credit Suisse Group boosted their price objective on shares of ON Semiconductor Corporation from $13.50 to $14.50 and gave the stock an “underperform” rating in a research note on Tuesday, August 8th. Robert W. Baird reiterated a “buy” rating and set a $20.00 price objective on shares of ON Semiconductor Corporation in a research note on Thursday, August 24th. BidaskClub upgraded shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of ON Semiconductor Corporation in a research note on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $17.91.

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

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