Quotient Investors LLC reduced its stake in ON Semiconductor Corporation (NASDAQ:ON) by 22.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,838 shares of the semiconductor company’s stock after selling 47,574 shares during the period. ON Semiconductor Corporation accounts for 2.1% of Quotient Investors LLC’s holdings, making the stock its 5th biggest holding. Quotient Investors LLC’s holdings in ON Semiconductor Corporation were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of ON. Janus Henderson Group PLC bought a new stake in shares of ON Semiconductor Corporation during the second quarter worth about $458,495,000. FMR LLC increased its position in shares of ON Semiconductor Corporation by 58.7% during the second quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after acquiring an additional 14,818,360 shares in the last quarter. Coatue Management LLC bought a new stake in shares of ON Semiconductor Corporation during the second quarter worth about $68,740,000. LSV Asset Management increased its position in shares of ON Semiconductor Corporation by 2,285.0% during the second quarter. LSV Asset Management now owns 2,761,800 shares of the semiconductor company’s stock worth $38,775,000 after acquiring an additional 2,646,000 shares in the last quarter. Finally, Rothschild Asset Management Inc. bought a new stake in shares of ON Semiconductor Corporation during the second quarter worth about $34,313,000. 97.92% of the stock is owned by hedge funds and other institutional investors.

Shares of ON Semiconductor Corporation (ON) traded up 1.78% during midday trading on Friday, reaching $20.02. 6,521,524 shares of the company’s stock were exchanged. The stock has a market capitalization of $8.44 billion, a P/E ratio of 29.48 and a beta of 2.01. The firm has a 50-day moving average of $18.14 and a 200-day moving average of $15.94. ON Semiconductor Corporation has a 12-month low of $10.74 and a 12-month high of $20.27.

ON has been the subject of several recent research reports. Zacks Investment Research downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Credit Suisse Group boosted their target price on shares of ON Semiconductor Corporation from $13.50 to $14.50 and gave the stock an “underperform” rating in a research report on Tuesday, August 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price objective on shares of ON Semiconductor Corporation in a research report on Thursday, August 24th. BidaskClub raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor Corporation in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $19.24.

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In other news, CEO Keith D. Jackson sold 476,191 shares of ON Semiconductor Corporation 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 completion of the sale, the chief executive officer now directly owns 3,649,468 shares in the company, valued at $71,493,078.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul E. Rolls sold 10,000 shares of ON Semiconductor Corporation stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $17.00, for a total transaction of $170,000.00. Following the completion of the sale, the vice president now owns 368,029 shares of the company’s stock, valued at $6,256,493. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 606,682 shares of company stock valued at $11,751,665. 1.60% of the stock is owned by company insiders.

About ON Semiconductor Corporation

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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