Northern Trust Corp grew its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,016,245 shares of the semiconductor company’s stock after acquiring an additional 64,121 shares during the quarter. Northern Trust Corp owned about 0.48% of ON Semiconductor Corporation worth $28,308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ON. Vanguard Group Inc. increased its holdings in ON Semiconductor Corporation by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 33,263,248 shares of the semiconductor company’s stock worth $515,248,000 after buying an additional 1,655,255 shares during the period. Schroder Investment Management Group increased its holdings in ON Semiconductor Corporation by 15.5% in the 2nd quarter. Schroder Investment Management Group now owns 7,050,788 shares of the semiconductor company’s stock worth $100,262,000 after buying an additional 948,452 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its holdings in ON Semiconductor Corporation by 39.4% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,590,670 shares of the semiconductor company’s stock worth $64,453,000 after buying an additional 1,297,290 shares during the period. Investec Asset Management LTD increased its holdings in ON Semiconductor Corporation by 6.9% in the 2nd quarter. Investec Asset Management LTD now owns 3,621,756 shares of the semiconductor company’s stock worth $50,849,000 after buying an additional 232,822 shares during the period. Finally, Geode Capital Management LLC increased its holdings in ON Semiconductor Corporation by 12.0% in the 1st quarter. Geode Capital Management LLC now owns 3,527,810 shares of the semiconductor company’s stock worth $54,645,000 after buying an additional 377,781 shares during the period. Hedge funds and other institutional investors own 97.92% of the company’s stock.

ON Semiconductor Corporation (ON) opened at 19.67 on Friday. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 28.97 and a beta of 2.01. The stock’s 50 day moving average price is $18.14 and its 200-day moving average price is $15.94. ON Semiconductor Corporation has a 12 month low of $10.74 and a 12 month high of $19.82.

In other ON Semiconductor Corporation news, VP Paul E. Rolls sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $17.00, for a total transaction of $170,000.00. Following the sale, the vice president now directly owns 368,029 shares in the company, valued at $6,256,493. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Keith D. Jackson sold 476,191 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $19.59, for a total value of $9,328,581.69. Following the sale, the chief executive officer now owns 3,649,468 shares in the company, valued at $71,493,078.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 606,682 shares of company stock worth $11,751,665. Company insiders own 1.60% of the company’s stock.

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Several equities analysts recently weighed in on ON shares. BidaskClub downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Needham & Company LLC upgraded shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, August 7th. B. Riley increased their price target on shares of ON Semiconductor Corporation from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Credit Suisse Group increased their price target on shares of ON Semiconductor Corporation from $13.50 to $14.50 and gave the stock an “underperform” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $19.24.

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.

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

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