California State Teachers Retirement System decreased its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 11.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 745,391 shares of the semiconductor company’s stock after selling 96,872 shares during the quarter. California State Teachers Retirement System owned 0.18% of ON Semiconductor Corporation worth $10,465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ON. Oppenheimer Asset Management Inc. acquired a new stake in ON Semiconductor Corporation in the 1st quarter valued at $110,000. Tower Research Capital LLC TRC grew its stake in ON Semiconductor Corporation by 2,234.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 9,609 shares during the period. Nine Chapters Capital Management LLC acquired a new stake in ON Semiconductor Corporation in the 2nd quarter valued at $157,000. Marshall Wace North America L.P. acquired a new stake in ON Semiconductor Corporation in the 2nd quarter valued at $184,000. Finally, Airain ltd acquired a new stake in ON Semiconductor Corporation in the 2nd quarter valued at $207,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of ON Semiconductor Corporation (NASDAQ ON) opened at 20.07 on Monday. ON Semiconductor Corporation has a 12 month low of $10.74 and a 12 month high of $20.27. The company’s 50 day moving average price is $18.22 and its 200-day moving average price is $15.97. The firm has a market capitalization of $8.46 billion, a P/E ratio of 29.56 and a beta of 2.01.

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In other news, CFO Bernard Gutmann sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $19.62, for a total value of $392,400.00. Following the transaction, the chief financial officer now directly owns 555,248 shares in the company, valued at approximately $10,893,965.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Keith D. Jackson sold 476,191 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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. Insiders have sold 606,682 shares of company stock worth $11,751,665 over the last quarter. 1.60% of the stock is currently owned by company insiders.

A number of equities research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $21.00 price target on shares of ON Semiconductor Corporation in a research note on Sunday, August 13th. BidaskClub raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Needham & Company LLC raised shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 7th. KeyCorp reissued a “hold” rating on shares of ON Semiconductor Corporation in a research note on Tuesday, September 12th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of ON Semiconductor Corporation in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $19.24.

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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