Pacer Advisors Inc. increased its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,113 shares of the semiconductor company’s stock after buying an additional 6,560 shares during the period. Pacer Advisors Inc.’s holdings in ON Semiconductor Corporation were worth $900,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Segantii Capital Management Ltd acquired a new stake in shares of ON Semiconductor Corporation during the first quarter valued at about $101,000. Israel Discount Bank of New York acquired a new stake in shares of ON Semiconductor Corporation during the first quarter valued at about $102,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of ON Semiconductor Corporation during the first quarter valued at about $110,000. Tower Research Capital LLC TRC increased its stake in shares of ON Semiconductor Corporation by 2,234.7% in the first quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 9,609 shares in the last quarter. Finally, Geneva Advisors LLC acquired a new stake in shares of ON Semiconductor Corporation during the first quarter valued at about $168,000. 98.06% of the stock is owned by institutional investors and hedge funds.

Shares of ON Semiconductor Corporation (NASDAQ ON) opened at 17.06 on Thursday. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 25.13 and a beta of 1.97. ON Semiconductor Corporation has a 12-month low of $10.08 and a 12-month high of $17.13. The firm has a 50-day moving average price of $15.51 and a 200-day moving average price of $15.16.

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Several equities research analysts recently issued reports on the company. Robert W. Baird reissued a “buy” rating and issued a $20.00 price objective on shares of ON Semiconductor Corporation in a research note on Thursday, August 24th. B. Riley reaffirmed a “buy” rating and issued a $21.00 target price on shares of ON Semiconductor Corporation in a research report on Sunday, August 13th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of ON Semiconductor Corporation in a research report on Wednesday, August 9th. Mizuho reaffirmed an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of ON Semiconductor Corporation in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $16.00 target price (up from $15.00) on shares of ON Semiconductor Corporation in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $17.07.

In related news, 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 value of $75,915.00. Following the sale, the director now owns 33,044 shares of the company’s stock, valued at approximately $557,452.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul E. Rolls sold 10,000 shares of ON Semiconductor Corporation stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $16.00, for a total transaction of $160,000.00. Following the completion of the sale, the vice president now directly owns 270,101 shares in the company, valued at approximately $4,321,616. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,716 shares of company stock worth $958,684. Insiders own 1.60% of the company’s stock.

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.

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

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