Los Angeles Capital Management & Equity Research Inc. Has $293,000 Stake in ON Semiconductor Corporation (ON)

Los Angeles Capital Management & Equity Research Inc. decreased its stake in ON Semiconductor Corporation (NASDAQ:ON) by 85.1% during the first quarter, Holdings Channel reports. The firm owned 18,916 shares of the semiconductor company’s stock after selling 108,441 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in ON Semiconductor Corporation were worth $293,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ON. Prudential Financial Inc. raised its position in shares of ON Semiconductor Corporation by 898.9% in the first quarter. Prudential Financial Inc. now owns 245,474 shares of the semiconductor company’s stock valued at $3,802,000 after buying an additional 220,900 shares during the period. Pacer Advisors Inc. raised its position in shares of ON Semiconductor Corporation by 19.0% in the first quarter. Pacer Advisors Inc. now owns 57,553 shares of the semiconductor company’s stock valued at $891,000 after buying an additional 9,209 shares during the period. Envestnet Asset Management Inc. raised its position in shares of ON Semiconductor Corporation by 32.7% in the first quarter. Envestnet Asset Management Inc. now owns 14,201 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 3,502 shares during the period. Independent Advisor Alliance raised its position in shares of ON Semiconductor Corporation by 6.4% in the first quarter. Independent Advisor Alliance now owns 21,091 shares of the semiconductor company’s stock valued at $312,000 after buying an additional 1,262 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in shares of ON Semiconductor Corporation during the first quarter valued at approximately $321,000. 96.45% of the stock is owned by hedge funds and other institutional investors.

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

Shares of ON Semiconductor Corporation (NASDAQ:ON) opened at 15.65 on Tuesday. ON Semiconductor Corporation has a 12-month low of $8.11 and a 12-month high of $16.93. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 30.10 and a beta of 1.94. The company’s 50-day moving average is $15.33 and its 200-day moving average is $14.42.

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Several equities analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $18.00 price target on shares of ON Semiconductor Corporation in a research report on Saturday. Raymond James Financial, Inc. assumed coverage on shares of ON Semiconductor Corporation in a research report on Friday. They set an “outperform” rating and a $19.00 price target for the company. Zacks Investment Research lowered shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Credit Suisse Group reaffirmed a “sell” rating and set a $14.00 price target on shares of ON Semiconductor Corporation in a research report on Wednesday, May 10th. Finally, Stifel Nicolaus upped their price target on shares of ON Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $16.40.

In other news, Director Daryl Ostrander sold 17,726 shares of ON Semiconductor Corporation stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $16.18, for a total value of $286,806.68. Following the transaction, the director now owns 67,458 shares of the company’s stock, valued at $1,091,470.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gilles Delfassy sold 4,500 shares of ON Semiconductor Corporation stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $16.87, for a total transaction of $75,915.00. Following the completion of the transaction, the director now directly owns 33,044 shares in the company, valued at approximately $557,452.28. The disclosure for this sale can be found here. In the last three months, insiders sold 124,690 shares of company stock worth $1,940,440. Insiders own 1.60% of the company’s stock.

ON Semiconductor Corporation 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.

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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