Economy

A Glimpse Into Insider Trading And Ownership At ON Semiconductor Corporation (ON)

Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since September 11, 2016 and is uptrending. TCW Group Inc. now owns 3,060,689 shares of the semiconductor company's stock valued at $47,410,000 after purchasing an additional 1,884,112 shares in the last quarter.

According to ON Semiconductor Corporation's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 106.28%.

Several other hedge funds also recently modified their holdings of the stock. Finally, Goldman Sachs Group Inc. purchased a new position in shares of MagnaChip Semiconductor Corporation during the second quarter worth approximately $148,000. Of those transactions, there were 2.08 million shares of ON bought and 2.12 million shares sold. LP raised its stake in shares of ON Semiconductor Corporation by 73.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,590,670 shares of the semiconductor company's stock valued at $64,453,000 after purchasing an additional 1,297,290 shares in the last quarter. Of those insider trades, 1.5 million shares of ON Semiconductor Corporation were purchased and 441,139 shares were sold. ValuEngine raised shares of MagnaChip Semiconductor Corporation from a sell rating to a hold rating in a research note on Friday, June 2nd. Following the sale, the insider now directly owns 24,591 shares of the company's stock, valued at $401,079.21. Proxima Capital Management LLC increased its position in shares of MagnaChip Semiconductor Corporation by 26.7% during the second quarter. Dimensional Fund Advisors LP now owns 6,588,086 shares of the company's stock valued at $58,103,000 after buying an additional 725,875 shares in the last quarter.

Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up 3.13% during trading on Monday, reaching $17.12. ON Semiconductor Corporation has a 12-month low of $6.97 and a 12-month high of $14.00. The company's 50-day moving average is $12.95 and its 200 day moving average is $11.48. The company has market cap of $4.52 billion. $89,464 worth of Cypress Semiconductor Corporation (NASDAQ:CY) was sold by KWON OC. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.05. The firm's revenue for the quarter was down.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS. Analysts anticipate that Cypress Semiconductor Corporation will post $0.80 EPS for the current year. Prnewswire.com's news article titled: "SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Cypress ..." with publication date: September 11, 2017 was also an interesting one. Cypress Semiconductor Corporation's dividend payout ratio is now -110.00%. Corporate insiders own 1.60% of the company's stock. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and global trademark & copyright legislation. The original version of this piece of content can be read at https://stocknewstimes.com/2017/09/11/magnachip-semiconductor-corporations-mx-buy-rating-reiterated-at-needham-company-llc.html. The shares were sold at an average price of $16.31, for a total transaction of $40,611.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. CY's total short interest was 35.50 million shares in September as published by FINRA. The disclosure for this purchase can be found here.

A number of equities research analysts have commented on CY shares. The fund owned 504,505 shares of the semiconductor company's stock after acquiring an additional 42,810 shares during the quarter. Zacks Investment Research downgraded shares of MagnaChip Semiconductor Corporation from a buy rating to a hold rating in a research note on Wednesday, July 5th. Loop Capital reaffirmed a "buy" rating and issued a $17.00 target price on shares of Cypress Semiconductor Corporation in a research report on Friday, July 28th.

Among 19 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 13 have Buy rating, 1 Sell and 5 Hold.

ON Semiconductor Corporation (NASDAQ:ON) has seen its stock price gain 3.84, or +30.09%, so far in 2017. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Craig Hallum maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Tuesday, August 29 with "Buy" rating.

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company's divisions include Microcontroller and Connectivity Division, and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.



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