Mirae Asset Global Investments Co. Ltd. Takes Position in ON Semiconductor Corp (ON)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in ON Semiconductor Corp (NASDAQ:ON) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,778 shares of the semiconductor company’s stock, valued at approximately $229,000.

Other institutional investors also recently modified their holdings of the company. FTB Advisors Inc. boosted its position in shares of ON Semiconductor Corp by 499.9% in the first quarter. FTB Advisors Inc. now owns 10,306 shares of the semiconductor company’s stock worth $148,000 after buying an additional 8,588 shares in the last quarter. Rafferty Asset Management LLC acquired a new position in shares of ON Semiconductor Corp during the fourth quarter worth about $158,000. Levin Capital Strategies L.P. acquired a new position in shares of ON Semiconductor Corp during the fourth quarter worth about $159,000. Geneva Advisors LLC acquired a new position in shares of ON Semiconductor Corp during the first quarter worth about $168,000. Finally, Cadence Capital Management LLC boosted its position in shares of ON Semiconductor Corp 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.

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

ON Semiconductor Corp (NASDAQ:ON) traded up 1.58% on Friday, hitting $15.42. 4,646,267 shares of the company were exchanged. The stock has a 50 day moving average price of $14.71 and a 200 day moving average price of $13.75. ON Semiconductor Corp has a one year low of $8.11 and a one year high of $16.06. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 29.65 and a beta of 1.96.

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A number of equities analysts have issued reports on ON shares. B. Riley reissued a “buy” rating and issued a $18.00 target price on shares of ON Semiconductor Corp in a report on Saturday, February 18th. Needham & Company LLC raised their target price on shares of ON Semiconductor Corp from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, February 13th. Vetr raised shares of ON Semiconductor Corp from a “sell” rating to a “buy” rating and set a $15.50 target price on the stock in a report on Wednesday, February 8th. Loop Capital reissued a “buy” rating and issued a $17.00 target price on shares of ON Semiconductor Corp in a report on Wednesday, February 15th. Finally, Mizuho raised their target price on shares of ON Semiconductor Corp from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, February 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $15.71.

In other ON Semiconductor Corp news, insider Bernard Raymond Colpitts, Jr. sold 6,100 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $15.59, for a total value of $95,099.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William Hall sold 41,364 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $15.30, for a total transaction of $632,869.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,878 shares of company stock worth $889,861. Company insiders own 1.60% of the company’s stock.

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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