Commerce Bank Has $1.37 Million Stake in ON Semiconductor Corporation (ON)

Commerce Bank lifted its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 387.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,358 shares of the semiconductor company’s stock after purchasing an additional 59,100 shares during the period. Commerce Bank’s holdings in ON Semiconductor Corporation were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its stake in ON Semiconductor Corporation by 13.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock worth $113,000 after buying an additional 960 shares in the last quarter. Nine Chapters Capital Management LLC bought a new position in ON Semiconductor Corporation in the second quarter worth about $157,000. Marshall Wace North America L.P. bought a new position in ON Semiconductor Corporation in the second quarter worth about $184,000. Cambridge Investment Research Advisors Inc. bought a new position in ON Semiconductor Corporation in the third quarter worth about $200,000. Finally, Airain ltd bought a new position in ON Semiconductor Corporation in the second quarter worth about $207,000. Institutional investors own 95.38% of the company’s stock.

In related news, VP Paul E. Rolls sold 10,000 shares of ON Semiconductor Corporation stock in a transaction 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 transaction, the vice president now owns 368,029 shares in the company, valued at approximately $6,256,493. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daryl Ostrander sold 2,000 shares of ON Semiconductor Corporation stock in a transaction 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 transaction, the director now owns 65,458 shares in the company, valued at approximately $1,098,385.24. The disclosure for this sale can be found here. Insiders have sold a total of 757,186 shares of company stock worth $14,980,794 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Bank of America Corporation reissued a “buy” rating and issued a $25.00 price target on shares of ON Semiconductor Corporation in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. B. Riley increased their price target on shares of ON Semiconductor Corporation from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Credit Suisse Group raised 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 note on Tuesday, November 7th. Finally, Jefferies Group LLC raised their target price on shares of ON Semiconductor Corporation from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.23.

ON Semiconductor Corporation (NASDAQ ON) opened at $21.44 on Monday. The firm has a market cap of $9,094.04, a price-to-earnings ratio of 19.67, a PEG ratio of 0.81 and a beta of 2.06. ON Semiconductor Corporation has a one year low of $10.85 and a one year high of $22.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97.

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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.

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

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