TCW Group Inc. Boosts Stake in ON Semiconductor Corporation (ON)

TCW Group Inc. raised its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 22.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,057,099 shares of the semiconductor company’s stock after purchasing an additional 938,018 shares during the quarter. TCW Group Inc. owned 1.20% of ON Semiconductor Corporation worth $93,405,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its holdings in shares of ON Semiconductor Corporation by 0.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 33,379 shares of the semiconductor company’s stock worth $469,000 after purchasing an additional 127 shares during the period. Chase Investment Counsel Corp increased its holdings in shares of ON Semiconductor Corporation by 0.3% during the 2nd quarter. Chase Investment Counsel Corp now owns 91,155 shares of the semiconductor company’s stock worth $1,279,000 after purchasing an additional 254 shares during the period. Numeric Investors LLC increased its holdings in shares of ON Semiconductor Corporation by 0.3% during the 2nd quarter. Numeric Investors LLC now owns 89,300 shares of the semiconductor company’s stock worth $1,254,000 after purchasing an additional 300 shares during the period. Krilogy Financial LLC increased its holdings in shares of ON Semiconductor Corporation by 2.8% during the 2nd quarter. Krilogy Financial LLC now owns 16,400 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 450 shares during the period. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of ON Semiconductor Corporation by 2.3% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 21,170 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 470 shares during the period. Institutional investors own 96.09% of the company’s stock.

In related news, Director Daryl Ostrander sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $16.78, for a total transaction of $33,560.00. Following the completion of the sale, the director now directly owns 65,458 shares of the company’s stock, valued at $1,098,385.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William Hall sold 54,366 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $21.83, for a total transaction of $1,186,809.78. The disclosure for this sale can be found here. Insiders have sold 674,883 shares of company stock worth $13,228,118 over the last quarter. 1.40% of the stock is owned by company insiders.

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Shares of ON Semiconductor Corporation (ON) traded down $0.05 during mid-day trading on Tuesday, hitting $21.53. 2,869,448 shares of the stock were exchanged, compared to its average volume of 6,242,410. ON Semiconductor Corporation has a 12 month low of $10.85 and a 12 month high of $22.03. The firm has a market capitalization of $9,144.94, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 0.82 and a beta of 2.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25.

Several analysts have recently weighed in on ON shares. Credit Suisse Group lifted their target price on shares of ON Semiconductor Corporation from $14.50 to $17.00 and gave the company an “underperform” rating in a research report on Tuesday, November 7th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of ON Semiconductor Corporation in a research report on Monday, September 11th. BidaskClub upgraded shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and set a $20.00 target price on shares of ON Semiconductor Corporation in a research report on Thursday, August 24th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of ON Semiconductor Corporation from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $21.23.

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.

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

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