Atlantic Trust Group LLC acquired a new position in ON Semiconductor Corporation (NASDAQ:ON) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 64,456 shares of the semiconductor company’s stock, valued at approximately $1,191,000.

Several other institutional investors have also recently modified their holdings of ON. Oppenheimer Asset Management Inc. raised its position in shares of ON Semiconductor by 13.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 960 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of ON Semiconductor during the 2nd quarter worth about $184,000. BB&T Securities LLC acquired a new position in shares of ON Semiconductor during the 3rd quarter worth about $187,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ON Semiconductor during the 3rd quarter worth about $200,000. Finally, Airain ltd acquired a new position in shares of ON Semiconductor during the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

In other news, Director Daryl Ostrander sold 1,398 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $19.10, for a total value of $26,701.80. Following the completion of the sale, the director now owns 64,060 shares of the company’s stock, valued at approximately $1,223,546. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William Hall sold 54,366 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $21.83, for a total transaction of $1,186,809.78. The disclosure for this sale can be found here. In the last three months, insiders sold 702,199 shares of company stock valued at $14,011,208. Corporate insiders own 1.60% of the company’s stock.

Shares of ON Semiconductor Corporation (ON) opened at $20.94 on Monday. ON Semiconductor Corporation has a one year low of $12.37 and a one year high of $22.15. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. The firm has a market cap of $8,881.95, a P/E ratio of 23.01, a PEG ratio of 0.79 and a beta of 2.02.

ON has been the subject of several research analyst reports. Bank of America restated a “buy” rating on shares of ON Semiconductor in a research report on Sunday, October 1st. Craig Hallum assumed coverage on shares of ON Semiconductor in a report on Monday, September 25th. They issued a “buy” rating and a $25.00 price objective for the company. BidaskClub upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, October 17th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.70.

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ON Semiconductor 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.

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

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