FUKOKU MUTUAL LIFE INSURANCE Co continued to hold its position in shares of ON Semiconductor Corporation (NASDAQ:ON) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,800 shares of the semiconductor company’s stock at the end of the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in ON Semiconductor Corporation were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ON. FMR LLC increased its stake in shares of ON Semiconductor Corporation by 58.7% during the 2nd quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after purchasing an additional 14,818,360 shares during the last quarter. Coatue Management LLC purchased a new stake in shares of ON Semiconductor Corporation during the 2nd quarter worth approximately $68,740,000. LSV Asset Management increased its stake in shares of ON Semiconductor Corporation by 2,285.0% during the 2nd quarter. LSV Asset Management now owns 2,761,800 shares of the semiconductor company’s stock worth $38,775,000 after purchasing an additional 2,646,000 shares during the last quarter. Rothschild Asset Management Inc. purchased a new stake in shares of ON Semiconductor Corporation during the 2nd quarter worth approximately $34,313,000. Finally, AJO LP increased its stake in shares of ON Semiconductor Corporation by 702.8% during the 2nd quarter. AJO LP now owns 2,194,107 shares of the semiconductor company’s stock worth $30,805,000 after purchasing an additional 1,920,815 shares during the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on ON shares. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor Corporation in a research note on Tuesday, September 12th. B. Riley raised their price target on shares of ON Semiconductor Corporation from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, August 7th. Mizuho reissued an “outperform” rating and issued a $19.00 price target (up from $18.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. BidaskClub raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, ValuEngine downgraded shares of ON Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.41.

ON Semiconductor Corporation (NASDAQ:ON) traded down 0.1599% during trading on Thursday, hitting $19.0495. 476,076 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $17.12 and a 200 day moving average price of $15.60. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 28.0552 and a beta of 2.01. ON Semiconductor Corporation has a 52-week low of $10.74 and a 52-week high of $19.33.

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In related news, EVP George H. Cave sold 3,567 shares of ON Semiconductor Corporation stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $18.54, for a total transaction of $66,132.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of ON Semiconductor Corporation stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $16.31, for a total transaction of $40,611.90. Following the sale, the insider now owns 24,591 shares of the company’s stock, valued at approximately $401,079.21. The disclosure for this sale can be found here. Insiders sold a total of 74,723 shares of company stock valued at $1,336,427 in the last 90 days. Company insiders own 1.60% of the company’s stock.

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.

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

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