Profund Advisors LLC raised its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 20.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,022 shares of the semiconductor company’s stock after purchasing an additional 15,524 shares during the quarter. Profund Advisors LLC’s holdings in ON Semiconductor Corporation were worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ON. ProShare Advisors LLC boosted its holdings in ON Semiconductor Corporation by 1.7% during the first quarter. ProShare Advisors LLC now owns 25,741 shares of the semiconductor company’s stock valued at $399,000 after purchasing an additional 440 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in ON Semiconductor Corporation by 687.7% during the first quarter. BNP Paribas Arbitrage SA now owns 56,832 shares of the semiconductor company’s stock valued at $880,000 after purchasing an additional 49,617 shares in the last quarter. Swiss National Bank boosted its holdings in ON Semiconductor Corporation by 1.0% during the first quarter. Swiss National Bank now owns 689,700 shares of the semiconductor company’s stock valued at $10,683,000 after purchasing an additional 6,600 shares in the last quarter. World Asset Management Inc boosted its holdings in ON Semiconductor Corporation by 5.3% during the first quarter. World Asset Management Inc now owns 15,414 shares of the semiconductor company’s stock valued at $239,000 after purchasing an additional 775 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in ON Semiconductor Corporation during the first quarter valued at approximately $730,000. 98.07% of the stock is currently owned by institutional investors.

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ON Semiconductor Corporation (NASDAQ ON) opened at 17.62 on Wednesday. ON Semiconductor Corporation has a 52-week low of $10.74 and a 52-week high of $17.73. The company has a 50-day moving average of $16.37 and a 200 day moving average of $15.37. The company has a market cap of $7.43 billion, a PE ratio of 25.95 and a beta of 1.98.

In other news, VP Paul E. Rolls sold 10,000 shares of ON Semiconductor Corporation stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total transaction of $170,000.00. Following the transaction, the vice president now owns 368,029 shares in the company, valued at $6,256,493. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of ON Semiconductor Corporation stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $16.31, for a total transaction of $40,611.90. Following the transaction, the insider now owns 24,591 shares in the company, valued at approximately $401,079.21. The disclosure for this sale can be found here. Insiders sold 26,548 shares of company stock worth $450,275 in the last 90 days. Company insiders own 1.60% of the company’s stock.

ON has been the topic of a number of recent research reports. B. Riley reaffirmed a “buy” rating and set a $18.00 price objective on shares of ON Semiconductor Corporation in a report on Monday, June 12th. Raymond James Financial, Inc. initiated coverage on ON Semiconductor Corporation in a report on Friday, June 16th. They set an “outperform” rating and a $19.00 price objective on the stock. BidaskClub downgraded ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research downgraded ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Needham & Company LLC raised ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $17.47.

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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