Wellington Management Group LLP increased its position in ON Semiconductor Corporation (NASDAQ:ON) by 234.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 688,092 shares of the semiconductor company鈥檚 stock after buying an additional 482,387 shares during the period. Wellington Management Group LLP owned about 0.16% of ON Semiconductor Corporation worth $10,659,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. ProShare Advisors LLC boosted its position in ON Semiconductor Corporation by 1.7% in the first quarter. ProShare Advisors LLC now owns 25,741 shares of the semiconductor company鈥檚 stock valued at $399,000 after buying an additional 440 shares during the period. World Asset Management Inc boosted its position in shares of ON Semiconductor Corporation by 5.3% in the first quarter. World Asset Management Inc now owns 15,414 shares of the semiconductor company鈥檚 stock valued at $239,000 after buying an additional 775 shares during the last quarter. Independent Advisor Alliance boosted its position in shares of ON Semiconductor Corporation by 6.4% in the first quarter. Independent Advisor Alliance now owns 21,091 shares of the semiconductor company鈥檚 stock valued at $312,000 after buying an additional 1,262 shares during the last quarter. Vident Investment Advisory LLC raised its stake in ON Semiconductor Corporation by 0.8% in the fourth quarter. Vident Investment Advisory LLC now owns 241,622 shares of the semiconductor company鈥檚 stock valued at $3,083,000 after buying an additional 1,933 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in ON Semiconductor Corporation by 32.7% in the first quarter. Envestnet Asset Management Inc. now owns 14,201 shares of the semiconductor company鈥檚 stock valued at $221,000 after buying an additional 3,502 shares during the period. 96.26% of the stock is owned by institutional investors and hedge funds.
Shares of ON Semiconductor Corporation (NASDAQ:ON) traded down 0.20% during trading on Thursday, hitting $14.90. The stock had a trading volume of 4,427,521 shares. ON Semiconductor Corporation has a 52-week low of $8.72 and a 52-week high of $16.93. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 28.65 and a beta of 1.96. The firm鈥檚 50-day moving average is $15.43 and its 200 day moving average is $14.57.
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A number of equities analysts recently commented on the stock. MKM Partners reaffirmed a 鈥渂uy鈥?rating and set a $20.00 price target on shares of ON Semiconductor Corporation in a research report on Friday, April 7th. Stifel Nicolaus raised their price target on shares of ON Semiconductor Corporation from $18.00 to $20.00 and gave the company a 鈥渂uy鈥?rating in a research note on Tuesday, May 9th. B. Riley restated a 鈥渂uy鈥?rating and issued a $18.00 price objective on shares of ON Semiconductor Corporation in a research note on Sunday, May 14th. BidaskClub raised ON Semiconductor Corporation from a 鈥渉old鈥?rating to a 鈥渂uy鈥?rating in a research note on Thursday. Finally, Zacks Investment Research downgraded ON Semiconductor Corporation from a 鈥渂uy鈥?rating to a 鈥渉old鈥?rating in a report on Tuesday. 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 issued a strong buy rating to the company. The company currently has a consensus rating of 鈥淏uy鈥?and an average price target of $16.40.
In other news, EVP William Hall sold 41,364 shares of the firm鈥檚 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert A. Klosterboer sold 10,000 shares of ON Semiconductor Corporation stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $14.04, for a total value of $140,400.00. Following the completion of the transaction, the executive vice president now owns 334,320 shares of the company鈥檚 stock, valued at $4,693,852.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,690 shares of company stock valued at $2,094,440. Insiders own 1.60% of the company鈥檚 stock.
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鈥檚 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.
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