Muhlenkamp & Co. Inc. lessened its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,238,320 shares of the semiconductor company’s stock after selling 2,450 shares during the period. ON Semiconductor Corporation accounts for approximately 5.4% of Muhlenkamp & Co. Inc.’s portfolio, making the stock its 4th largest holding. Muhlenkamp & Co. Inc. owned approximately 0.29% of ON Semiconductor Corporation worth $17,386,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Teacher Retirement System of Texas raised its position in shares of ON Semiconductor Corporation by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 33,379 shares of the semiconductor company’s stock worth $469,000 after buying an additional 127 shares in the last quarter. Chase Investment Counsel Corp raised its position in shares of ON Semiconductor Corporation by 0.3% in the second quarter. Chase Investment Counsel Corp now owns 91,155 shares of the semiconductor company’s stock worth $1,279,000 after buying an additional 254 shares in the last quarter. Amalgamated Bank raised its position in shares of ON Semiconductor Corporation by 0.7% in the first quarter. Amalgamated Bank now owns 59,332 shares of the semiconductor company’s stock worth $919,000 after buying an additional 393 shares in the last quarter. 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 in the last quarter. Finally, Comerica Bank raised its position in shares of ON Semiconductor Corporation by 3.6% in the second quarter. Comerica Bank now owns 20,871 shares of the semiconductor company’s stock worth $316,000 after buying an additional 720 shares in the last quarter. Institutional investors own 98.07% of the company’s stock.

Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up 0.80% during mid-day trading on Tuesday, reaching $17.60. 2,373,848 shares of the company’s stock traded hands. ON Semiconductor Corporation has a 12-month low of $10.74 and a 12-month high of $17.70. The stock has a 50-day moving average price of $16.29 and a 200 day moving average price of $15.36. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 25.92 and a beta of 1.98.

A number of brokerages recently issued reports on ON. BidaskClub downgraded ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Friday. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor Corporation in a research report on Tuesday, September 12th. Goldman Sachs Group, Inc. (The) cut ON Semiconductor Corporation from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Tuesday, September 12th. Jefferies Group LLC reissued a “hold” rating and issued a $16.00 target price on shares of ON Semiconductor Corporation in a research note on Tuesday, September 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor Corporation in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. ON Semiconductor Corporation presently has an average rating of “Buy” and a consensus price target of $17.47.

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In other news, VP Paul E. Rolls sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total value of $170,000.00. Following the completion of the sale, the vice president now owns 368,029 shares of the company’s stock, valued at approximately $6,256,493. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $16.31, for a total transaction of $40,611.90. Following the completion of the sale, the insider now directly owns 24,591 shares of the company’s stock, valued at approximately $401,079.21. The disclosure for this sale can be found here. Insiders sold a total of 23,491 shares of company stock worth $396,777 over the last 90 days. Insiders own 1.60% of the company’s stock.

ON Semiconductor Corporation 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.

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

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