22,722 Shares in ON Semiconductor Corporation (ON) Acquired by TFS Capital LLC

TFS Capital LLC purchased a new stake in shares of ON Semiconductor Corporation (NASDAQ:ON) during the first quarter, according to its most recent filing with the SEC. The fund purchased 22,722 shares of the semiconductor company’s stock, valued at approximately $352,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cadence Capital Management LLC increased its position in shares of ON Semiconductor Corporation by 2.9% in the fourth quarter. Cadence Capital Management LLC now owns 13,366 shares of the semiconductor company’s stock worth $171,000 after buying an additional 381 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of ON Semiconductor Corporation by 1.7% in the first quarter. ProShare Advisors LLC now owns 25,741 shares of the semiconductor company’s stock worth $399,000 after buying an additional 440 shares during the last quarter. World Asset Management Inc boosted its stake in shares of ON Semiconductor Corporation by 5.3% in the first quarter. World Asset Management Inc now owns 15,414 shares of the semiconductor company’s stock worth $239,000 after buying an additional 775 shares during the last quarter. Vident Investment Advisory LLC boosted its stake in shares of ON Semiconductor Corporation by 0.8% in the fourth quarter. Vident Investment Advisory LLC now owns 241,622 shares of the semiconductor company’s stock worth $3,083,000 after buying an additional 1,933 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of ON Semiconductor Corporation by 3.2% in the fourth quarter. Guggenheim Capital LLC now owns 129,176 shares of the semiconductor company’s stock worth $1,649,000 after buying an additional 4,016 shares during the last quarter. Hedge funds and other institutional investors own 96.45% of the company’s stock.

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

ON Semiconductor Corporation (ON) traded up 1.76% during trading on Monday, reaching $15.65. The company had a trading volume of 4,018,127 shares. ON Semiconductor Corporation has a 12-month low of $8.11 and a 12-month high of $16.93. The firm’s 50 day moving average price is $15.28 and its 200 day moving average price is $14.35. The firm has a market capitalization of $6.58 billion, a PE ratio of 30.10 and a beta of 1.94.

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Several equities research analysts have issued reports on ON shares. MKM Partners reaffirmed a “buy” rating and set a $20.00 price target on shares of ON Semiconductor Corporation in a research note on Friday, April 7th. Stifel Nicolaus raised their target price on shares of ON Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. B. Riley reissued a “buy” rating and issued a $18.00 target price on shares of ON Semiconductor Corporation in a research report on Sunday, May 14th. Vetr raised shares of ON Semiconductor Corporation from a “strong sell” rating to a “strong-buy” rating and set a $17.60 price target for the company in a report on Monday, March 6th. Finally, Raymond James Financial, Inc. initiated coverage on ON Semiconductor Corporation in a research note on Friday. They set an “outperform” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. ON Semiconductor Corporation has a consensus rating of “Buy” and an average target price of $16.40.

In other news, VP Paul E. Rolls sold 10,000 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $16.00, for a total value of $160,000.00. Following the transaction, the vice president now directly owns 270,101 shares of the company’s stock, valued at approximately $4,321,616. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gilles Delfassy sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $16.87, for a total value of $75,915.00. Following the transaction, the director now directly owns 33,044 shares in the company, valued at $557,452.28. The disclosure for this sale can be found here. Insiders have sold a total of 124,690 shares of company stock worth $1,940,440 in the last 90 days. 1.60% of the stock is currently owned by corporate 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.

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