First Trust Advisors LP lessened its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,280,504 shares of the semiconductor company’s stock after selling 335,094 shares during the period. First Trust Advisors LP owned 0.30% of ON Semiconductor Corporation worth $23,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ON. Principal Financial Group Inc. boosted its holdings in shares of ON Semiconductor Corporation by 16.9% during the 1st quarter. Principal Financial Group Inc. now owns 92,391 shares of the semiconductor company’s stock valued at $1,431,000 after purchasing an additional 13,329 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of ON Semiconductor Corporation during the 1st quarter valued at about $110,000. AQR Capital Management LLC boosted its holdings in shares of ON Semiconductor Corporation by 90.5% during the 1st quarter. AQR Capital Management LLC now owns 834,823 shares of the semiconductor company’s stock valued at $12,931,000 after purchasing an additional 396,525 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of ON Semiconductor Corporation during the 1st quarter valued at about $293,000. Finally, Independent Portfolio Consultants Inc. bought a new position in shares of ON Semiconductor Corporation during the 2nd quarter valued at about $335,000. 98.05% of the stock is owned by institutional investors and hedge funds.

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Several analysts have recently issued reports on ON shares. Zacks Investment Research cut shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub cut shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Craig Hallum started coverage on shares of ON Semiconductor Corporation in a research report on Monday, September 25th. They set a “buy” rating and a $25.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of ON Semiconductor Corporation in a research report on Monday, September 11th. Finally, Robert W. Baird restated a “buy” rating and set a $20.00 target price on shares of ON Semiconductor Corporation in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.47.

In other news, CEO Keith D. Jackson sold 476,191 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were 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 directly owns 3,649,468 shares of the company’s stock, valued at approximately $71,493,078.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert A. Klosterboer sold 16,325 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $20.23, for a total transaction of $330,254.75. Following the completion of the sale, the executive vice president now directly owns 409,848 shares in the company, valued at $8,291,225.04. The disclosure for this sale can be found here. Insiders sold a total of 623,007 shares of company stock worth $12,081,920 over the last quarter. 1.60% of the stock is currently owned by company insiders.

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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