13F Shows Elliott Investment Management Initiated New Position in ON Semiconductor Corp with 10M Shares, Valued at $14.7M
Portfolio Pulse from Benzinga Newsdesk
Elliott Investment Management has initiated a new position in ON Semiconductor Corp, acquiring 10 million shares valued at $14.7 million.
May 15, 2024 | 8:46 pm
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Elliott Investment Management has acquired 10 million shares of ON Semiconductor Corp, valued at $14.7 million. This significant investment could indicate confidence in the company's future performance.
The acquisition of a substantial number of shares by a prominent investment management firm like Elliott Investment Management is likely to be seen as a vote of confidence in ON Semiconductor Corp's future performance. This could lead to a positive short-term impact on the stock price as other investors may follow suit.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100