Delphi Management Inc. MA Sells 5,564 Shares of ON Semiconductor Corporation (ON)

Delphi Management Inc. MA trimmed its stake in ON Semiconductor Corporation (NASDAQ:ON) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 161,599 shares of the semiconductor company’s stock after selling 5,564 shares during the quarter. Delphi Management Inc. MA’s holdings in ON Semiconductor Corporation were worth $2,269,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ON. Bank of Nova Scotia bought a new stake in shares of ON Semiconductor Corporation during the second quarter valued at about $2,064,000. Sciencast Management LP bought a new stake in shares of ON Semiconductor Corporation during the second quarter valued at about $584,000. Gotham Asset Management LLC bought a new stake in shares of ON Semiconductor Corporation during the second quarter valued at about $533,000. Janus Henderson Group PLC bought a new stake in shares of ON Semiconductor Corporation during the second quarter valued at about $458,495,000. Finally, Horizon Investment Services LLC bought a new stake in shares of ON Semiconductor Corporation during the second quarter valued at about $3,312,000. Institutional investors own 98.07% of the company’s stock.

A number of equities research analysts recently weighed in on ON shares. Raymond James Financial, Inc. started coverage on shares of ON Semiconductor Corporation in a research note on Friday, June 16th. They set an “outperform” rating and a $19.00 price objective on the stock. B. Riley reaffirmed a “buy” rating and set a $18.00 target price on shares of ON Semiconductor Corporation in a report on Saturday, June 17th. BidaskClub lowered ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Needham & Company LLC raised ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. ON Semiconductor Corporation presently has an average rating of “Buy” and an average price target of $18.55.

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Shares of ON Semiconductor Corporation (ON) traded up 0.05% during midday trading on Wednesday, hitting $19.39. The stock had a trading volume of 3,670,256 shares. The firm’s 50-day moving average is $17.49 and its 200 day moving average is $15.73. The company has a market capitalization of $8.17 billion, a PE ratio of 28.51 and a beta of 2.01. ON Semiconductor Corporation has a one year low of $10.74 and a one year high of $19.82.

In related news, Director Paul Anthony Mascarenas sold 9,375 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $18.30, for a total transaction of $171,562.50. Following the completion of the transaction, the director now directly owns 58,379 shares of the company’s stock, valued at $1,068,335.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul E. Rolls sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total value of $170,000.00. Following the transaction, the vice president now directly owns 368,029 shares of the company’s stock, valued at $6,256,493. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,723 shares of company stock valued at $1,336,427. 1.60% of the stock is owned by corporate insiders.

ON Semiconductor Corporation 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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