Cornerstone Capital Management Holdings LLC. Has $17.89 Million Position in ON Semiconductor Corporation (ON)

Cornerstone Capital Management Holdings LLC. lowered its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 968,848 shares of the semiconductor company’s stock after selling 69,278 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.23% of ON Semiconductor worth $17,893,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its holdings in shares of ON Semiconductor by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 33,379 shares of the semiconductor company’s stock valued at $469,000 after purchasing an additional 127 shares in the last quarter. Numeric Investors LLC increased its position in shares of ON Semiconductor by 0.3% during the second quarter. Numeric Investors LLC now owns 89,300 shares of the semiconductor company’s stock valued at $1,254,000 after acquiring an additional 300 shares during the last quarter. Krilogy Financial LLC increased its position in shares of ON Semiconductor by 2.8% during the second quarter. Krilogy Financial LLC now owns 16,400 shares of the semiconductor company’s stock valued at $230,000 after acquiring an additional 450 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of ON Semiconductor by 2.3% during the second quarter. Hillsdale Investment Management Inc. now owns 21,170 shares of the semiconductor company’s stock valued at $298,000 after acquiring an additional 470 shares during the last quarter. Finally, Comerica Bank increased its position in shares of ON Semiconductor by 3.6% during the second quarter. Comerica Bank now owns 20,871 shares of the semiconductor company’s stock valued at $316,000 after acquiring an additional 720 shares during the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on ON shares. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor in a research report on Monday, September 11th. Jefferies Group reissued a “hold” rating and issued a $16.00 target price on shares of ON Semiconductor in a research report on Tuesday, September 12th. Goldman Sachs Group cut ON Semiconductor from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a research report on Tuesday, September 12th. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor in a research report on Tuesday, September 12th. Finally, BidaskClub cut ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. ON Semiconductor has an average rating of “Buy” and a consensus target price of $21.70.

In other news, EVP William Hall sold 54,366 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $21.83, for a total value of $1,186,809.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Keith D. Jackson sold 476,191 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $19.59, for a total value of $9,328,581.69. Following the completion of the sale, the chief executive officer now directly owns 3,649,468 shares in the company, valued at $71,493,078.12. The disclosure for this sale can be found here. Insiders have sold a total of 686,351 shares of company stock worth $13,711,681 in the last quarter. Company insiders own 1.40% of the company’s stock.

Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up $0.87 during trading hours on Tuesday, reaching $21.81. The company had a trading volume of 7,030,000 shares, compared to its average volume of 5,350,000. ON Semiconductor Corporation has a 52 week low of $12.37 and a 52 week high of $22.15. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. The stock has a market cap of $9,250.00, a P/E ratio of 23.71, a PEG ratio of 0.79 and a beta of 2.02.

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ON Semiconductor 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 (NASDAQ:ON)

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