Sciencast Management LP Buys Shares of 41,600 ON Semiconductor Corporation (NASDAQ:ON)

Sciencast Management LP acquired a new stake in shares of ON Semiconductor Corporation (NASDAQ:ON) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,600 shares of the semiconductor company’s stock, valued at approximately $584,000.

A number of other hedge funds also recently modified their holdings of ON. Oppenheimer Asset Management Inc. purchased a new stake in shares of ON Semiconductor Corporation in the first quarter worth approximately $110,000. Tower Research Capital LLC TRC raised its holdings in shares of ON Semiconductor Corporation by 2,234.7% in the first quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock worth $156,000 after buying an additional 9,609 shares during the period. Nine Chapters Capital Management LLC purchased a new stake in shares of ON Semiconductor Corporation in the second quarter worth approximately $157,000. Marshall Wace North America L.P. purchased a new stake in shares of ON Semiconductor Corporation in the second quarter worth approximately $184,000. Finally, Airain ltd purchased a new stake in shares of ON Semiconductor Corporation in the second quarter worth approximately $207,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

ON Semiconductor Corporation (NASDAQ:ON) traded up 0.026% during trading on Tuesday, hitting $19.595. The company’s stock had a trading volume of 1,564,160 shares. The company has a 50-day moving average of $17.81 and a 200 day moving average of $15.82. ON Semiconductor Corporation has a one year low of $10.74 and a one year high of $19.82. The firm has a market cap of $8.26 billion, a PE ratio of 28.859 and a beta of 2.01.

Several equities research analysts have recently weighed in on ON shares. BidaskClub downgraded ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research cut ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Needham & Company LLC raised ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 7th. B. Riley increased their price objective on ON Semiconductor Corporation from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Credit Suisse Group increased their price objective on ON Semiconductor Corporation from $13.50 to $14.50 and gave the stock an “underperform” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $18.84.

ILLEGAL ACTIVITY WARNING: “Sciencast Management LP Buys Shares of 41,600 ON Semiconductor Corporation (NASDAQ:ON)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/17/sciencast-management-lp-invests-584000-in-on-semiconductor-corporation-on-stock.html.

In other news, VP Paul E. Rolls sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total transaction of $170,000.00. Following the sale, the vice president now owns 368,029 shares in the company, valued at $6,256,493. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul E. Rolls sold 35,768 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $19.41, for a total transaction of $694,256.88. The disclosure for this sale can be found here. Insiders have sold 110,491 shares of company stock worth $2,030,684 in

A number of other hedge funds also recently modified their holdings of ON. Oppenheimer Asset Management Inc. purchased a new stake in shares of ON Semiconductor Corporation in the first quarter worth approximately $110,000. Tower Research Capital LLC TRC raised its holdings in shares of ON Semiconductor Corporation by 2,234.7% in the first quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock worth $156,000 after buying an additional 9,609 shares during the period. Nine Chapters Capital Management LLC purchased a new stake in shares of ON Semiconductor Corporation in the second quarter worth approximately $157,000. Marshall Wace North America L.P. purchased a new stake in shares of ON Semiconductor Corporation in the second quarter worth approximately $184,000. Finally, Airain ltd purchased a new stake in shares of ON Semiconductor Corporation in the second quarter worth approximately $207,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

ON Semiconductor Corporation (NASDAQ:ON) traded up 0.026% during trading on Tuesday, hitting $19.595. The company’s stock had a trading volume of 1,564,160 shares. The company has a 50-day moving average of $17.81 and a 200 day moving average of $15.82. ON Semiconductor Corporation has a one year low of $10.74 and a one year high of $19.82. The firm has a market cap of $8.26 billion, a PE ratio of 28.859 and a beta of 2.01.

Several equities research analysts have recently weighed in on ON shares. BidaskClub downgraded ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research cut ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Needham & Company LLC raised ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 7th. B. Riley increased their price objective on ON Semiconductor Corporation from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Credit Suisse Group increased their price objective on ON Semiconductor Corporation from $13.50 to $14.50 and gave the stock an “underperform” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $18.84.

ILLEGAL ACTIVITY WARNING: “Sciencast Management LP Buys Shares of 41,600 ON Semiconductor Corporation (NASDAQ:ON)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/17/sciencast-management-lp-invests-584000-in-on-semiconductor-corporation-on-stock.html.

In other news, VP Paul E. Rolls sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total transaction of $170,000.00. Following the sale, the vice president now owns 368,029 shares in the company, valued at $6,256,493. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul E. Rolls sold 35,768 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $19.41, for a total transaction of $694,256.88. The disclosure for this sale can be found here. Insiders have sold 110,491 shares of company stock worth $2,030,684 in the last 90 days. 1.60% of the stock is owned by company insiders.

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)

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