People s United Financial Inc. bought a new stake in ON Semiconductor Corporation (NASDAQ:ON) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 66,600 shares of the semiconductor company’s stock, valued at approximately $935,000.

Several other large investors have also made changes to their positions in the company. FMR LLC raised its position in ON Semiconductor Corporation by 58.7% in 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. Vanguard Group Inc. lifted its holdings in ON Semiconductor Corporation by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 34,915,253 shares of the semiconductor company’s stock worth $490,210,000 after buying an additional 1,652,005 shares in the last quarter. Schroder Investment Management Group lifted its holdings in ON Semiconductor Corporation by 15.5% during the 2nd quarter. Schroder Investment Management Group now owns 7,050,788 shares of the semiconductor company’s stock worth $100,262,000 after buying an additional 948,452 shares in the last quarter. Coatue Management LLC acquired a new position in ON Semiconductor Corporation during the 2nd quarter worth $68,740,000. Finally, FIL Ltd lifted its holdings in ON Semiconductor Corporation by 1.5% during the 2nd quarter. FIL Ltd now owns 4,740,000 shares of the semiconductor company’s stock worth $66,550,000 after buying an additional 70,000 shares in the last quarter. Institutional investors own 98.07% of the company’s stock.

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A number of research analysts have issued reports on the stock. BidaskClub downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Needham & Company LLC upgraded shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 7th. Bank of America Corporation reiterated a “buy” rating on shares of ON Semiconductor Corporation in a research report on Sunday. Robert W. Baird reissued a “buy” rating and set a $20.00 price target on shares of ON Semiconductor Corporation in a research note on Thursday, August 24th. Finally, Morgan Stanley boosted their price target on shares of ON Semiconductor Corporation from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.28.

In other ON Semiconductor Corporation news, 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 value of $170,000.00. Following the completion of the sale, the vice president now directly owns 368,029 shares in the company, valued at $6,256,493. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of ON Semiconductor Corporation stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $16.31, for a total value of $40,611.90. Following the completion of the sale, the insider now owns 24,591 shares of the company’s stock, valued at $401,079.21. The disclosure for this sale can be found here. Insiders have sold 55,308 shares of company stock valued at $970,767 in the last three months. 1.60% of the stock is owned by insiders.

Shares of ON Semiconductor Corporation (NASDAQ ON) opened at 18.86 on Wednesday. The stock’s 50 day moving average price is $17.04 and its 200-day moving average price is $15.58. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 27.78 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.

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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