Gideon Capital Advisors Inc. Takes Position in ON Semiconductor Corporation (ON)
Gideon Capital Advisors Inc. acquired a new position in ON Semiconductor Corporation (NASDAQ:ON) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,944 shares of the company’s stock, valued at approximately $421,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. TradeLink Capital LLC bought a new position in ON Semiconductor Corporation during the second quarter valued at $138,000. Rafferty Asset Management LLC bought a new position in ON Semiconductor Corporation during the fourth quarter valued at $158,000. Cadence Capital Management LLC increased its position in ON Semiconductor Corporation by 2.9% in the fourth quarter. Cadence Capital Management LLC now owns 13,366 shares of the company’s stock valued at $171,000 after buying an additional 381 shares in the last quarter. Stifel Financial Corp increased its position in ON Semiconductor Corporation by 96.1% in the second quarter. Stifel Financial Corp now owns 20,016 shares of the company’s stock valued at $177,000 after buying an additional 9,808 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new position in ON Semiconductor Corporation during the third quarter valued at $177,000.
Shares of ON Semiconductor Corporation (NASDAQ:ON) traded down 0.61% during midday trading on Thursday, hitting $15.53. The company had a trading volume of 5,226,237 shares. ON Semiconductor Corporation has a 12 month low of $7.50 and a 12 month high of $15.86. The firm has a market capitalization of $6.48 billion, a PE ratio of 36.12 and a beta of 1.96. The company has a 50-day moving average of $13.63 and a 200 day moving average of $11.96.
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Several research firms have recently weighed in on ON. B. Riley reissued a “buy” rating and set a $15.50 target price on shares of ON Semiconductor Corporation in a research report on Tuesday, December 13th. Loop Capital reissued a “buy” rating and set a $17.00 target price on shares of ON Semiconductor Corporation in a research report on Wednesday. Mizuho boosted their target price on ON Semiconductor Corporation from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research raised ON Semiconductor Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird reissued an “outperform” rating and set a $20.00 target price (up previously from $14.00) on shares of ON Semiconductor Corporation in a research report on Thursday. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.91.
In other ON Semiconductor Corporation news, EVP William Hall sold 70,000 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $12.00, for a total transaction of $840,000.00. Following the completion of the sale, the executive vice president now owns 484,287 shares of the company’s stock, valued at $5,811,444. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP George H. Cave sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $13.76, for a total value of $68,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 888,406 shares of company stock valued at $11,317,009. 1.60% of the stock is owned by insiders.
About ON Semiconductor Corporation
ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for customers to solve their design challenges in advanced electronic systems and products. The Company operates through four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.
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