YHB Investment Advisors Inc. Decreases Stake in ON Semiconductor Corp (ON)

YHB Investment Advisors Inc. reduced its stake in ON Semiconductor Corp (NASDAQ:ON) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,280 shares of the semiconductor company’s stock after selling 150 shares during the period. YHB Investment Advisors Inc.’s holdings in ON Semiconductor Corp were worth $273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Capital Management LLC raised its position in shares of ON Semiconductor Corp by 9.3% in the fourth quarter. Janus Capital Management LLC now owns 30,159,648 shares of the semiconductor company’s stock valued at $384,837,000 after buying an additional 2,559,951 shares during the period. FMR LLC raised its position in shares of ON Semiconductor Corp by 25.4% in the fourth quarter. FMR LLC now owns 26,212,696 shares of the semiconductor company’s stock valued at $334,474,000 after buying an additional 5,301,935 shares during the period. Capital International Investors raised its position in shares of ON Semiconductor Corp by 0.4% in the third quarter. Capital International Investors now owns 21,182,370 shares of the semiconductor company’s stock valued at $260,967,000 after buying an additional 75,861 shares during the period. Boston Partners raised its position in shares of ON Semiconductor Corp by 5.5% in the first quarter. Boston Partners now owns 20,408,521 shares of the semiconductor company’s stock valued at $316,128,000 after buying an additional 1,068,570 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of ON Semiconductor Corp by 21.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 8,974,373 shares of the semiconductor company’s stock valued at $114,513,000 after buying an additional 1,591,990 shares during the period.

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

ON Semiconductor Corp (NASDAQ:ON) traded up 1.58% during trading on Friday, reaching $15.42. The company had a trading volume of 4,646,267 shares. ON Semiconductor Corp has a 12-month low of $8.11 and a 12-month high of $16.06. The stock has a market cap of $6.49 billion, a P/E ratio of 29.65 and a beta of 1.96. The firm has a 50-day moving average price of $14.71 and a 200 day moving average price of $13.77.

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Several research firms have commented on ON. Credit Suisse Group AG lowered ON Semiconductor Corp from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $17.50 to $13.50 in a research report on Tuesday, April 11th. Mizuho raised their price objective on ON Semiconductor Corp from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, March 13th. Zacks Investment Research lowered ON Semiconductor Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. B. Riley reissued a “buy” rating and issued a $18.00 price objective on shares of ON Semiconductor Corp in a research report on Monday, February 13th. Finally, Vetr raised ON Semiconductor Corp from a “sell” rating to a “strong-buy” rating and set a $16.85 price objective on the stock in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.71.

In other news, insider Bernard Raymond Colpitts, Jr. sold 6,100 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $15.59, for a total transaction of $95,099.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William Hall sold 41,364 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $15.30, for a total transaction of $632,869.20. The disclosure for this sale can be found here. Insiders have sold 58,878 shares of company stock valued at $889,861 in the last ninety days. 1.60% of the stock is owned by company insiders.

ON Semiconductor Corp 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.

12 Month Chart for NASDAQ:ON

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