Parametric Portfolio Associates LLC Sells 111,287 Shares of ON Semiconductor Corporation (ON)

Parametric Portfolio Associates LLC decreased its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 12.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 750,538 shares of the semiconductor company’s stock after selling 111,287 shares during the period. Parametric Portfolio Associates LLC owned about 0.18% of ON Semiconductor Corporation worth $10,538,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. FMR LLC raised its stake in ON Semiconductor Corporation by 58.7% in the second quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after buying an additional 14,818,360 shares in the last quarter. Vanguard Group Inc. raised its stake in ON Semiconductor Corporation by 5.0% in the second 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 raised its stake in ON Semiconductor Corporation by 15.5% in the second 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 bought a new position in ON Semiconductor Corporation in the second quarter worth approximately $68,740,000. Finally, FIL Ltd raised its stake in ON Semiconductor Corporation by 1.5% in the second 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. 98.07% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the stock. B. Riley reissued a “buy” rating and issued a $21.00 price objective on shares of ON Semiconductor Corporation in a research note on Sunday, August 13th. Morgan Stanley boosted their price objective 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. J P Morgan Chase & Co reissued a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of ON Semiconductor Corporation in a research note on Wednesday, August 9th. Mizuho reaffirmed an “outperform” rating and set a $19.00 price target (up from $18.00) on shares of ON Semiconductor Corporation in a research report on Wednesday, August 9th. Finally, BidaskClub raised ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.55.

In other ON Semiconductor Corporation news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $16.31, for a total transaction of $40,611.90. Following the transaction, the insider now directly owns 24,591 shares of the company’s stock, valued at approximately $401,079.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daryl Ostrander sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $16.78, for a total transaction of $33,560.00. Following the transaction, the director now directly owns 65,458 shares in the company, valued at $1,098,385.24. The disclosure for this sale can be found here. Insiders have sold a total of 74,723 shares of company stock worth $1,336,427 over the last quarter. 1.60% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: This story was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/2957038/parametric-portfolio-associates-llc-sells-111287-shares-of-on-semiconductor-corporation-on.html.

Shares of ON Semiconductor Corporation (NASDAQ ON) opened at 19.24 on Friday. ON Semiconductor Corporation has a one year low of $10.74 and a one year high of $19.82. The stock’s 50 day moving average is $17.67 and its 200-day moving average is $15.78. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 28.34 and a beta of 2.01.

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.

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

Receive News & Ratings for ON Semiconductor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.