Commerzbank Aktiengesellschaft FI Sells 28,314 Shares of ON Semiconductor Corporation (ON)
Commerzbank Aktiengesellschaft FI decreased its stake in ON Semiconductor Corporation (NASDAQ:ON) by 73.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,286 shares of the semiconductor company’s stock after selling 28,314 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in ON Semiconductor were worth $190,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. BB&T Securities LLC purchased a new position in ON Semiconductor during the 3rd quarter valued at $187,000. Investec Asset Management LTD boosted its holdings in ON Semiconductor by 1.9% during the 3rd quarter. Investec Asset Management LTD now owns 3,689,182 shares of the semiconductor company’s stock valued at $68,139,000 after acquiring an additional 67,426 shares during the period. Paradice Investment Management LLC boosted its holdings in ON Semiconductor by 4.6% during the 3rd quarter. Paradice Investment Management LLC now owns 3,069,968 shares of the semiconductor company’s stock valued at $56,702,000 after acquiring an additional 136,216 shares during the period. Legal & General Group Plc boosted its holdings in ON Semiconductor by 8.7% during the 3rd quarter. Legal & General Group Plc now owns 324,520 shares of the semiconductor company’s stock valued at $5,991,000 after acquiring an additional 25,952 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in ON Semiconductor by 30.9% during the 3rd quarter. Nordea Investment Management AB now owns 252,800 shares of the semiconductor company’s stock valued at $4,669,000 after acquiring an additional 59,725 shares during the period. Hedge funds and other institutional investors own 99.82% of the company’s stock.
A number of equities analysts recently issued reports on ON shares. Credit Suisse Group boosted their price objective on ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a report on Tuesday, November 7th. ValuEngine cut ON Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of ON Semiconductor in a report on Monday, September 11th. BidaskClub raised ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $20.00 target price on shares of ON Semiconductor in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. ON Semiconductor has an average rating of “Buy” and an average target price of $21.23.
Shares of ON Semiconductor Corporation (NASDAQ:ON) opened at $19.36 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $8,262.68, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 0.74 and a beta of 2.02. ON Semiconductor Corporation has a 1 year low of $11.95 and a 1 year high of $22.15.
In other news, VP Paul E. Rolls sold 35,768 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $19.41, for a total value of $694,256.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP George H. Cave sold 3,057 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $17.50, for a total value of $53,497.50. Following the completion of the transaction, the executive vice president now directly owns 327,439 shares of the company’s stock, valued at $5,730,182.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 737,583 shares of company stock valued at $14,651,330. 1.40% of the stock is currently owned by corporate insiders.
ON Semiconductor 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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