ON Semiconductor Corporation (ON) Stake Lessened by Commerce Bank

Commerce Bank lowered its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,258 shares of the semiconductor company’s stock after selling 239 shares during the period. Commerce Bank’s holdings in ON Semiconductor Corporation were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Segantii Capital Management Ltd bought a new stake in shares of ON Semiconductor Corporation during the first quarter valued at approximately $101,000. Israel Discount Bank of New York bought a new stake in shares of ON Semiconductor Corporation during the first quarter valued at approximately $102,000. Oppenheimer Asset Management Inc. bought a new stake in shares of ON Semiconductor Corporation during the first quarter valued at approximately $110,000. Tower Research Capital LLC TRC raised its position in shares of ON Semiconductor Corporation by 2,234.7% during the first quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 9,609 shares during the last quarter. Finally, Nine Chapters Capital Management LLC bought a new stake in shares of ON Semiconductor Corporation during the second quarter valued at approximately $157,000. Hedge funds and other institutional investors own 98.07% of the company’s stock.

Shares of ON Semiconductor Corporation (NASDAQ ON) opened at 16.99 on Wednesday. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 25.02 and a beta of 1.98. The stock’s 50 day moving average is $16.03 and its 200-day moving average is $15.29. ON Semiconductor Corporation has a 52 week low of $10.12 and a 52 week high of $17.33.

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 sale, the executive vice president now directly owns 324,320 shares of the company’s stock, valued at approximately $4,994,528. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $16.31, for a total value of $40,611.90. Following the sale, the insider now directly owns 24,591 shares of the company’s stock, valued at $401,079.21. The disclosure for this sale can be found here. Insiders have sold a total of 29,433 shares of company stock valued at $482,643 over the last three months. Corporate insiders own 1.60% of the company’s stock.

WARNING: “ON Semiconductor Corporation (ON) Stake Lessened by Commerce Bank” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://sportsperspectives.com/2017/09/13/on-semiconductor-corporation-on-stake-lessened-by-commerce-bank.html.

Several equities research analysts recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and issued a $16.00 price target on shares of ON Semiconductor Corporation in a research report on Tuesday. BidaskClub upgraded shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) cut shares of ON Semiconductor Corporation from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Tuesday. KeyCorp restated a “hold” rating on shares of ON Semiconductor Corporation in a research report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of ON Semiconductor Corporation in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average 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.

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