ON Semiconductor Corporation (ON) Shares Sold by Delphi Management Inc. MA

Delphi Management Inc. MA cut its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 2.3% during the third quarter, Holdings Channel reports. The fund owned 179,348 shares of the company’s stock after selling 4,192 shares during the period. ON Semiconductor Corporation accounts for 1.4% of Delphi Management Inc. MA’s portfolio, making the stock its 29th largest position. Delphi Management Inc. MA’s holdings in ON Semiconductor Corporation were worth $2,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Sarl raised its position in ON Semiconductor Corporation by 2.6% in the third quarter. Capital International Sarl now owns 552,510 shares of the company’s stock worth $6,807,000 after buying an additional 14,200 shares during the last quarter. Capital International Investors raised its position in ON Semiconductor Corporation by 0.4% in the third quarter. Capital International Investors now owns 21,182,370 shares of the company’s stock worth $260,967,000 after buying an additional 75,861 shares during the last quarter. Baker Avenue Asset Management LP purchased a new position in ON Semiconductor Corporation during the third quarter worth about $795,000. Capital Research Global Investors raised its position in ON Semiconductor Corporation by 1.5% in the third quarter. Capital Research Global Investors now owns 4,994,382 shares of the company’s stock worth $61,531,000 after buying an additional 75,905 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in ON Semiconductor Corporation by 56.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,209,140 shares of the company’s stock worth $27,217,000 after buying an additional 792,722 shares during the last quarter.

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

ON Semiconductor Corporation (NASDAQ:ON) opened at 14.14 on Monday. The company’s 50-day moving average is $13.45 and its 200-day moving average is $11.84. ON Semiconductor Corporation has a one year low of $6.99 and a one year high of $14.29. The firm has a market cap of $5.90 billion, a PE ratio of 47.13 and a beta of 1.96.

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Several research firms have issued reports on ON. B. Riley reaffirmed a “buy” rating and set a $15.50 price objective on shares of ON Semiconductor Corporation in a report on Tuesday, December 13th. KeyCorp reaffirmed an “overweight” rating and set a $15.00 price objective on shares of ON Semiconductor Corporation in a report on Wednesday, December 28th. Pacific Crest reaffirmed a “buy” rating on shares of ON Semiconductor Corporation in a report on Tuesday, November 8th. Deutsche Bank AG reaffirmed a “buy” rating and set a $15.00 price objective on shares of ON Semiconductor Corporation in a report on Tuesday, November 8th. Finally, Vetr raised shares of ON Semiconductor Corporation from a “sell” rating to a “hold” rating and set a $11.98 price objective for the company in a report on Tuesday, November 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the company. ON Semiconductor Corporation presently has an average rating of “Buy” and a consensus target price of $14.07.

In other ON Semiconductor Corporation news, EVP William Hall sold 70,000 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $12.00, for a total value of $840,000.00. Following the completion of the sale, the executive vice president now owns 484,287 shares in the company, valued at $5,811,444. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Keith D. Jackson sold 414,800 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $12.75, for a total value of $5,288,700.00. Following the completion of the sale, the chief executive officer now owns 3,177,314 shares of the company’s stock, valued at approximately $40,510,753.50. The disclosure for this sale can be found here. Insiders have sold 888,406 shares of company stock valued at $11,317,009 in the last three months. 1.60% of the stock is owned by insiders.

ON Semiconductor Corporation Company Profile

ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for customers to solve their design challenges in advanced electronic systems and products. The Company operates through four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.

5 Day Chart for NASDAQ:ON

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ON Semiconductor Corporation (NASDAQ:ON).

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