Skylands Capital LLC Sells 53,700 Shares of ON Semiconductor Corporation (ON)

Skylands Capital LLC lessened its stake in ON Semiconductor Corporation (NASDAQ:ON) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 324,300 shares of the semiconductor company’s stock after selling 53,700 shares during the period. Skylands Capital LLC owned 0.08% of ON Semiconductor Corporation worth $5,990,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Meeder Asset Management Inc. increased its position in ON Semiconductor Corporation by 331.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 28,080 shares of the semiconductor company’s stock valued at $519,000 after acquiring an additional 21,570 shares during the period. Koch Industries Inc. purchased a new stake in ON Semiconductor Corporation in the 2nd quarter valued at approximately $432,000. Piedmont Investment Advisors LLC boosted its holdings in ON Semiconductor Corporation by 118.9% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 87,343 shares of the semiconductor company’s stock valued at $1,226,000 after purchasing an additional 47,442 shares in the last quarter. Krilogy Financial LLC boosted its holdings in ON Semiconductor Corporation by 2.8% in the 2nd quarter. Krilogy Financial LLC now owns 16,400 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 450 shares in the last quarter. Finally, Robecosam AG boosted its holdings in ON Semiconductor Corporation by 198.5% in the 2nd quarter. Robecosam AG now owns 609,000 shares of the semiconductor company’s stock valued at $8,660,000 after purchasing an additional 405,000 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Skylands Capital LLC Sells 53,700 Shares of ON Semiconductor Corporation (ON)” was first reported by Markets Daily and is the property of of Markets Daily. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/10/23/skylands-capital-llc-sells-53700-shares-of-on-semiconductor-corporation-on.html.

A number of equities research analysts have weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price objective on shares of ON Semiconductor Corporation in a report on Thursday. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor Corporation in a report on Tuesday, October 17th. Zacks Investment Research raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, October 17th. BidaskClub raised ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd. Finally, Bank of America Corporation reaffirmed a “buy” rating on shares of ON Semiconductor Corporation in a report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned 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 $19.24.

In related news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $16.31, for a total transaction of $40,611.90. Following the completion of the sale, the insider now directly owns 24,591 shares in the company, valued at $401,079.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paul E. Rolls sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was 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 of the company’s stock, valued at $6,256,493. The disclosure for this sale can be found here. Insiders have sold 606,682 shares of company stock valued at $11,751,665 over the last 90 days. 1.60% of the stock is currently owned by insiders.

Shares of ON Semiconductor Corporation (ON) traded down 0.15% on Monday, hitting $20.04. The company had a trading volume of 2,449,029 shares. The stock has a market cap of $8.45 billion, a PE ratio of 29.51 and a beta of 2.01. ON Semiconductor Corporation has a 12 month low of $10.74 and a 12 month high of $20.27. The company has a 50-day moving average of $18.22 and a 200 day moving average of $15.97.

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.

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ON Semiconductor Corporation (NASDAQ:ON).

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