Rational Advisors LLC Buys New Stake in ON Semiconductor Corporation (ON)

Rational Advisors LLC bought a new stake in ON Semiconductor Corporation (NASDAQ:ON) during the second quarter, Holdings Channel reports. The firm bought 51,000 shares of the semiconductor company’s stock, valued at approximately $716,000.

Other hedge funds also recently added to or reduced their stakes in the company. Segantii Capital Management Ltd bought a new stake in ON Semiconductor Corporation during the first quarter valued at about $101,000. Israel Discount Bank of New York bought a new stake in ON Semiconductor Corporation during the first quarter valued at about $102,000. Oppenheimer Asset Management Inc. bought a new stake in ON Semiconductor Corporation during the first quarter valued at about $110,000. FTB Advisors Inc. raised its stake in ON Semiconductor Corporation by 499.9% in the first quarter. FTB Advisors Inc. now owns 10,306 shares of the semiconductor company’s stock valued at $148,000 after buying an additional 8,588 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in 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 during the period. 97.43% of the stock is currently owned by institutional investors.

ON Semiconductor Corporation (ON) opened at 15.94 on Friday. ON Semiconductor Corporation has a 12 month low of $10.08 and a 12 month high of $16.93. The company has a market capitalization of $6.72 billion, a P/E ratio of 23.48 and a beta of 1.97. The stock’s 50 day moving average price is $15.03 and its 200-day moving average price is $14.99.

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Several analysts recently weighed in on the company. Zacks Investment Research raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, May 9th. Stifel Nicolaus raised their price objective on ON Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. B. Riley reaffirmed a “buy” rating and issued a $18.00 price objective on shares of ON Semiconductor Corporation in a research note on Monday, May 8th. BidaskClub raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, ValuEngine lowered ON Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.97.

In other ON Semiconductor Corporation news, Director Daryl Ostrander sold 17,726 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $16.18, for a total transaction of $286,806.68. Following the completion of the transaction, the director now owns 67,458 shares of the company’s stock, valued at approximately $1,091,470.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William Hall sold 41,364 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $15.30, for a total value of $632,869.20. The disclosure for this sale can be found here. Insiders have sold a total of 127,180 shares of company stock valued at $1,994,652 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

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.

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

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