ON Semiconductor Corporation (NASDAQ:ON) on Nov. 3, 2017 saw a modest increase, closing the day at $21.24, or a increase of $0.41 or (1.93%).Volume levels spiked and ON actually managed a breakout which translated to 8.44 million shares changing hands on the day. ON traded on a high for the day of 21.69 with a corresponding low of 21.24. The day’s high marked a slight increase on the previous day’s close which saw ON finish the day’s trading at 21.24.
Driving interest in ON Semiconductor Corporation (ON) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. This activity has been headed largely by Robert Klosterboer, an officer of the company. Robert Klosterboer has seen steady activity on the sell side, and on October 24, 2017, executed an option to sell 16325 shares. The disposition, at a price of $20.23, resulted in Robert Klosterboer bringing total 409848 shares. Other officers which have joined Robert Klosterboer in selling shares include Keith Jackson who sold for 476191 shares. The option since executed brings Jackson ownership to 3.17 million shares. Bernard Gutmann, an officer at (ON), sold 20000 shares at a price of 19.62 to bring his total ownership in the stock to 535,248 shares.
But it’s not just selling activity that is creating investor interest in ON; over the last several weeks, several insiders have bought shares. On October 16, 2017, Keith D Jackson executed a direct buy involving 476191 shares. Also included in the list of buyers for the last 3 months Bernard Gutmann who executed a direct buy for 20,000 shares on October 16, 2017.
Institutional investors have also been busy with the stock. Their activity in ON in recent trading has also spurred interest in the stock. The most recent shifts in number of shares owned by institutions came on March 31, 2017 when Janus Capital Management Llc sold 1.35 million shares from its total ownership of 28.81 million. The value for the sale was $623.64 million. On the opposite side of that transaction from Janus Capital Management Llc stood Fmr Llc which added 14.82 million shares to its existing stake, bringing total stake held in ON to 40.08 million shares. That transaction by Fmr took place on June 30, 2017, the same day Vanguard Group Inc purchased an additional 1.65 million shares in ON to bring its total stake to 34.92 million. Vanguard’s stake was worth $755.92 million at the time of purchase. Institutional shareholders currently hold a 104.49% stake overall in ON.
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Driving interest in ON Semiconductor Corporation (ON) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. This activity has been headed largely by Robert Klosterboer, an officer of the company. Robert Klosterboer has seen steady activity on the sell side, and on October 24, 2017, executed an option to sell 16325 shares. The disposition, at a price of $20.23, resulted in Robert Klosterboer bringing total 409848 shares. Other officers which have joined Robert Klosterboer in selling shares include Keith Jackson who sold for 476191 shares. The option since executed brings Jackson ownership to 3.17 million shares. Bernard Gutmann, an officer at (ON), sold 20000 shares at a price of 19.62 to bring his total ownership in the stock to 535,248 shares.
But it’s not just selling activity that is creating investor interest in ON; over the last several weeks, several insiders have bought shares. On October 16, 2017, Keith D Jackson executed a direct buy involving 476191 shares. Also included in the list of buyers for the last 3 months Bernard Gutmann who executed a direct buy for 20,000 shares on October 16, 2017.
Institutional investors have also been busy with the stock. Their activity in ON in recent trading has also spurred interest in the stock. The most recent shifts in number of shares owned by institutions came on March 31, 2017 when Janus Capital Management Llc sold 1.35 million shares from its total ownership of 28.81 million. The value for the sale was $623.64 million. On the opposite side of that transaction from Janus Capital Management Llc stood Fmr Llc which added 14.82 million shares to its existing stake, bringing total stake held in ON to 40.08 million shares. That transaction by Fmr took place on June 30, 2017, the same day Vanguard Group Inc purchased an additional 1.65 million shares in ON to bring its total stake to 34.92 million. Vanguard’s stake was worth $755.92 million at the time of purchase. Institutional shareholders currently hold a 104.49% stake overall in ON.
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