ON Semiconductor Corporation (ON) Shares Sold by Loews Corp

Loews Corp decreased its stake in ON Semiconductor Corporation (NASDAQ:ON) by 11.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,433 shares of the company’s stock after selling 3,605 shares during the period. Loews Corp’s holdings in ON Semiconductor Corporation were worth $350,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ON. Cadence Capital Management LLC increased its position in shares of ON Semiconductor Corporation by 2.9% in the fourth quarter. Cadence Capital Management LLC now owns 13,366 shares of the company’s stock valued at $171,000 after buying an additional 381 shares during the last quarter. Amalgamated Bank increased its position in shares of ON Semiconductor Corporation by 1.4% in the second quarter. Amalgamated Bank now owns 51,432 shares of the company’s stock valued at $528,000 after buying an additional 719 shares during the last quarter. Globeflex Capital L P increased its position in shares of ON Semiconductor Corporation by 0.6% in the second quarter. Globeflex Capital L P now owns 159,730 shares of the company’s stock valued at $1,409,000 after buying an additional 900 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of ON Semiconductor Corporation by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 188,747 shares of the company’s stock valued at $1,665,000 after buying an additional 906 shares during the last quarter. Finally, BOKF NA increased its position in shares of ON Semiconductor Corporation by 1.6% in the third quarter. BOKF NA now owns 101,921 shares of the company’s stock valued at $1,256,000 after buying an additional 1,609 shares during the last quarter.

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

Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up 2.48% during trading on Tuesday, reaching $15.31. 16,200,869 shares of the company traded hands. The firm has a 50-day moving average price of $13.56 and a 200-day moving average price of $11.94. The firm has a market capitalization of $6.38 billion, a PE ratio of 51.03 and a beta of 1.96. ON Semiconductor Corporation has a 12 month low of $7.50 and a 12 month high of $15.86.

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Several research analysts have issued reports on ON shares. Morgan Stanley raised their price objective on shares of ON Semiconductor Corporation to $16.00 in a research report on Tuesday. B. Riley reissued a “buy” rating and set a $15.50 price objective on shares of ON Semiconductor Corporation in a research report on Saturday, November 12th. Deutsche Bank AG reissued a “buy” rating and set a $15.00 price objective on shares of ON Semiconductor Corporation in a research report on Tuesday, November 8th. Pacific Crest reaffirmed a “buy” rating on shares of ON Semiconductor Corporation in a report on Tuesday, November 8th. Finally, Vetr raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $12.23 target price on the stock in a report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.68.

In other news, EVP William Hall sold 70,000 shares of the firm’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $12.00, for a total transaction of $840,000.00. Following the completion of the transaction, the executive vice president now owns 484,287 shares in the company, valued at approximately $5,811,444. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO William A. Schromm sold 18,547 shares of the firm’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $14.00, for a total transaction of $259,658.00. Following the transaction, the chief operating officer now owns 448,774 shares of the company’s stock, valued at approximately $6,282,836. The disclosure for this sale can be found here. Insiders sold a total of 888,406 shares of company stock valued at $11,317,009 in the last quarter. 1.60% of the stock is currently owned by insiders.

About ON Semiconductor Corporation

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

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