Dimensional Fund Advisors LP lessened its holdings in shares of ON Semiconductor Corp (NASDAQ:ON) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,088,858 shares of the semiconductor company’s stock after selling 346,258 shares during the period. Dimensional Fund Advisors LP owned about 1.20% of ON Semiconductor worth $93,989,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Rhumbline Advisers boosted its position in ON Semiconductor by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 504,505 shares of the semiconductor company’s stock valued at $7,083,000 after acquiring an additional 42,810 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of ON Semiconductor by 1,182.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 19,896 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 18,345 shares in the last quarter. State of Wisconsin Investment Board boosted its position in shares of ON Semiconductor by 1.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 83,195 shares of the semiconductor company’s stock worth $1,168,000 after purchasing an additional 800 shares in the last quarter. Comerica Bank boosted its position in shares of ON Semiconductor by 3.6% in the 2nd quarter. Comerica Bank now owns 20,871 shares of the semiconductor company’s stock worth $316,000 after purchasing an additional 720 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of ON Semiconductor in the 2nd quarter worth approximately $184,000. Institutional investors own 99.53% of the company’s stock.
ON Semiconductor Corp (NASDAQ ON) traded up $0.49 on Friday, hitting $23.57. 5,906,151 shares of the company’s stock traded hands, compared to its average volume of 5,700,000. ON Semiconductor Corp has a twelve month low of $13.02 and a twelve month high of $23.66. The company has a market cap of $10,000.00, a P/E ratio of 25.62, a PEG ratio of 0.76 and a beta of 2.02. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25.
In related news, CEO Keith D. Jackson sold 476,191 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $19.59, for a total value of $9,328,581.69. Following the completion of the transaction, the chief executive officer now owns 3,649,468 shares of the company’s stock, valued at approximately $71,493,078.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Paul E. Rolls sold 16,899 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $21.03, for a total transaction of $355,385.97. Following the completion of the transaction, the vice president now directly owns 305,807 shares of the company’s stock, valued at approximately $6,431,121.21. The disclosure for this sale can be found here. Insiders have sold a total of 670,482 shares of company stock valued at $13,441,360 in the last three months. Insiders own 1.60% of the company’s stock.
ON has been the subject of a number of recent analyst reports. 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. Robert W. Baird restated a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor in a report on Tuesday, October 17th. Bank of America restated a “buy” rating on shares of ON Semiconductor in a report on Sunday, October 1st. Craig Hallum started coverage on shares of ON Semiconductor in a research note on Monday, September 25th. They set a “buy” rating and a $25.00 target price for the company. Finally, BidaskClub upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. ON Semiconductor has an average rating of “Buy” and an average price target of $22.26.
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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.
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