ON Semiconductor Corporation (NASDAQ:ON) EVP George H. Cave sold 3,567 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.54, for a total transaction of $66,132.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

ON Semiconductor Corporation (NASDAQ:ON) traded up 0.90% during midday trading on Wednesday, hitting $19.08. 5,189,351 shares of the stock traded hands. ON Semiconductor Corporation has a 12-month low of $10.74 and a 12-month high of $19.33. The firm’s 50 day moving average is $17.04 and its 200-day moving average is $15.58. The stock has a market capitalization of $8.04 billion, a PE ratio of 28.10 and a beta of 2.01.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Segantii Capital Management Ltd bought a new position in shares of ON Semiconductor Corporation in the first quarter worth $101,000. Oppenheimer Asset Management Inc. bought a new position in shares of ON Semiconductor Corporation in the first quarter worth $110,000. Tower Research Capital LLC TRC increased its position 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 purchasing an additional 9,609 shares during the period. Nine Chapters Capital Management LLC bought a new position in shares of ON Semiconductor Corporation in the second quarter worth $157,000. Finally, Marshall Wace North America L.P. bought a new position in shares of ON Semiconductor Corporation in the second quarter worth $184,000. Institutional investors own 98.07% of the company’s stock.

A number of brokerages recently issued reports on ON. BidaskClub raised shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Bank of America Corporation reaffirmed a “buy” rating on shares of ON Semiconductor Corporation in a research report on Sunday. Craig Hallum began coverage on shares of ON Semiconductor Corporation in a research report on Monday, September 25th. They set a “buy” rating and a $25.00 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $16.00 target price on shares of ON Semiconductor Corporation in a research report on Tuesday, September 12th. 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 research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.41.

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.

Insider Buying and Selling by Quarter for ON Semiconductor Corporation (NASDAQ:ON)

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