ON Semiconductor Corporation (ON) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 11.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,851 shares of the semiconductor company’s stock after acquiring an additional 1,507 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ON Semiconductor Corporation were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rothschild Asset Management Inc. bought a new stake in shares of ON Semiconductor Corporation during the second quarter valued at approximately $34,313,000. TCW Group Inc. raised its position in shares of ON Semiconductor Corporation by 160.1% during the first quarter. TCW Group Inc. now owns 3,060,689 shares of the semiconductor company’s stock valued at $47,410,000 after buying an additional 1,884,112 shares during the last quarter. Vanguard Group Inc. raised its position in shares of ON Semiconductor Corporation by 5.2% during the first quarter. Vanguard Group Inc. now owns 33,263,248 shares of the semiconductor company’s stock valued at $515,248,000 after buying an additional 1,655,255 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of ON Semiconductor Corporation by 39.4% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,590,670 shares of the semiconductor company’s stock valued at $64,453,000 after buying an additional 1,297,290 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of ON Semiconductor Corporation by 93.2% during the second quarter. Bank of Montreal Can now owns 1,840,953 shares of the semiconductor company’s stock valued at $25,847,000 after buying an additional 888,022 shares during the last quarter. Institutional investors own 98.07% of the company’s stock.

Shares of ON Semiconductor Corporation (ON) opened at 17.38 on Friday. The company has a market capitalization of $7.33 billion, a P/E ratio of 25.60 and a beta of 1.98. ON Semiconductor Corporation has a 12-month low of $10.74 and a 12-month high of $17.51. The company has a 50 day moving average price of $16.23 and a 200 day moving average price of $15.34.

In related news, EVP Robert A. Klosterboer sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $15.40, for a total transaction of $154,000.00. Following the completion of the transaction, the executive vice president now directly owns 324,320 shares in the company, valued at approximately $4,994,528. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP George H. Cave sold 6,943 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total value of $118,031.00. Following the transaction, the executive vice president now owns 330,496 shares of the company’s stock, valued at $5,618,432. The disclosure for this sale can be found here. Insiders have sold a total of 33,491 shares of company stock valued at $550,777 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: This report was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/09/16/on-semiconductor-corporation-on-holdings-raised-by-zurcher-kantonalbank-zurich-cantonalbank.html.

Several brokerages recently weighed in on ON. KeyCorp restated a “hold” rating on shares of ON Semiconductor Corporation in a research report on Tuesday. B. Riley boosted their price target on shares of ON Semiconductor Corporation from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Mizuho restated an “outperform” rating and issued a $19.00 price target (up previously from $18.00) on shares of ON Semiconductor Corporation in a research report on Wednesday, August 9th. BidaskClub upgraded shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, ValuEngine cut shares of ON Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.47.

ON Semiconductor Corporation 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.

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ON Semiconductor Corporation (NASDAQ:ON).

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

Leave a Reply