Rhumbline Advisers increased its stake in ON Semiconductor Corporation (NASDAQ:ON) by 9.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 504,505 shares of the semiconductor company’s stock after buying an additional 42,810 shares during the period. Rhumbline Advisers owned 0.12% of ON Semiconductor Corporation worth $7,083,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. James Investment Research Inc. acquired a new position in shares of ON Semiconductor Corporation during the first quarter worth approximately $174,000. Nationwide Fund Advisors raised its position in shares of ON Semiconductor Corporation by 24.3% in the first quarter. Nationwide Fund Advisors now owns 1,071,404 shares of the semiconductor company’s stock worth $16,596,000 after buying an additional 209,504 shares during the period. Fisher Asset Management LLC raised its position in shares of ON Semiconductor Corporation by 13.4% in the first quarter. Fisher Asset Management LLC now owns 143,002 shares of the semiconductor company’s stock worth $2,215,000 after buying an additional 16,950 shares during the period. Profund Advisors LLC raised its position in shares of ON Semiconductor Corporation by 19.9% in the first quarter. Profund Advisors LLC now owns 75,498 shares of the semiconductor company’s stock worth $1,169,000 after buying an additional 12,522 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of ON Semiconductor Corporation by 1.7% in the first quarter. ProShare Advisors LLC now owns 25,741 shares of the semiconductor company’s stock worth $399,000 after buying an additional 440 shares during the period. 98.06% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor Corporation (NASDAQ:ON) opened at 16.03 on Monday. ON Semiconductor Corporation has a 52-week low of $10.08 and a 52-week high of $16.93. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 23.61 and a beta of 1.97. The company has a 50 day moving average price of $15.51 and a 200-day moving average price of $15.16.

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A number of research analysts have recently commented on ON shares. Stifel Nicolaus raised their price target on ON Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Zacks Investment Research raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, May 9th. Credit Suisse Group reissued a “sell” rating and set a $14.00 price target on shares of ON Semiconductor Corporation in a report on Wednesday, May 10th. BidaskClub raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Raymond James Financial, Inc. started coverage on ON Semiconductor Corporation in a report on Friday, June 16th. They set an “outperform” rating and a $19.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. ON Semiconductor Corporation currently has an average rating of “Buy” and a consensus price target of $17.07.

In other news, EVP Robert A. Klosterboer sold 10,000 shares of ON Semiconductor Corporation stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $15.40, for a total value of $154,000.00. Following the completion of the transaction, the executive vice president now directly owns 324,320 shares of the company’s stock, valued at approximately $4,994,528. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP George H. Cave sold 15,000 shares of ON Semiconductor Corporation stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $16.09, for a total value of $241,350.00. Following the completion of the transaction, the executive vice president now directly owns 252,158 shares of the company’s stock, valued at $4,057,222.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,716 shares of company stock valued at $958,684. 1.60% of the stock is owned by corporate insiders.

About ON Semiconductor Corporation

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 Corporation (NASDAQ:ON)

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