20,700 Shares in ON Semiconductor Corp (ON) Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. purchased a new position in ON Semiconductor Corp (NASDAQ:ON) during the first quarter, Holdings Channel reports. The institutional investor purchased 20,700 shares of the semiconductor company’s stock, valued at approximately $321,000.

A number of other institutional investors have also recently added to or reduced their stakes in ON. Colony Group LLC purchased a new position in ON Semiconductor Corp during the third quarter worth $1,796,000. Capital International Sarl increased its position in ON Semiconductor Corp by 2.6% in the third quarter. Capital International Sarl now owns 552,510 shares of the semiconductor company’s stock worth $6,807,000 after buying an additional 14,200 shares during the period. Capital International Investors increased its position in ON Semiconductor Corp by 0.4% in the third quarter. Capital International Investors now owns 21,182,370 shares of the semiconductor company’s stock worth $260,967,000 after buying an additional 75,861 shares during the period. Baker Avenue Asset Management LP purchased a new position in ON Semiconductor Corp during the third quarter worth $795,000. Finally, Capital Research Global Investors increased its position in ON Semiconductor Corp by 1.5% in the third quarter. Capital Research Global Investors now owns 4,994,382 shares of the semiconductor company’s stock worth $61,531,000 after buying an additional 75,905 shares during the period.

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

ON Semiconductor Corp (NASDAQ:ON) traded up 1.58% during midday trading on Friday, reaching $15.42. The company had a trading volume of 4,646,267 shares. The stock’s 50 day moving average is $14.71 and its 200 day moving average is $13.75. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 29.65 and a beta of 1.96. ON Semiconductor Corp has a 12-month low of $8.11 and a 12-month high of $16.06.

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A number of equities analysts have weighed in on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $20.00 price target (up previously from $14.00) on shares of ON Semiconductor Corp in a research report on Thursday, February 16th. Loop Capital reaffirmed a “buy” rating and set a $17.00 price target on shares of ON Semiconductor Corp in a research report on Wednesday, February 15th. B. Riley reaffirmed a “buy” rating and set a $18.00 price target on shares of ON Semiconductor Corp in a research report on Saturday, February 18th. Zacks Investment Research raised ON Semiconductor Corp from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a research report on Wednesday, February 15th. Finally, Mizuho upped their price target on ON Semiconductor Corp from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $15.71.

In related news, EVP William Hall sold 41,364 shares of ON Semiconductor Corp stock in a transaction on Monday, May 15th. The stock was sold at an average price of $15.30, for a total transaction of $632,869.20. 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 6,100 shares of ON Semiconductor Corp stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $15.59, for a total value of $95,099.00. The disclosure for this sale can be found here. Insiders have sold 58,878 shares of company stock worth $889,861 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

ON Semiconductor Corp 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.

5 Day Chart for NASDAQ:ON

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