947,362 Shares in ON Semiconductor Corporation $ON Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new position in ON Semiconductor, purchasing 947,362 shares worth approximately $38.5 million, representing about 0.23% of the company's stock.
• Multiple institutional investors have increased their holdings in ON Semiconductor, with 97.70% of the stock currently owned by institutional investors.
• ON Semiconductor reported $0.53 EPS for the latest quarter, slightly missing the consensus estimate, with a revenue of $1.47 billion, reflecting a 15.4% year-over-year decline.

Nuveen LLC bought a new position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 947,362 shares of the semiconductor company's stock, valued at approximately $38,548,000. Nuveen LLC owned approximately 0.23% of ON Semiconductor as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Baillie Gifford & Co. purchased a new position in ON Semiconductor in the 1st quarter worth approximately $219,001,000. Pacer Advisors Inc. boosted its stake in shares of ON Semiconductor by 2,735.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock valued at $87,330,000 after purchasing an additional 2,070,529 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of ON Semiconductor by 26.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company's stock valued at $203,462,000 after buying an additional 1,055,461 shares during the period. Janus Henderson Group PLC raised its stake in ON Semiconductor by 9.2% in the fourth quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock worth $780,387,000 after buying an additional 1,041,989 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in ON Semiconductor during the 4th quarter valued at approximately $62,426,000. Institutional investors own 97.70% of the company's stock.

ON Semiconductor Stock Down 1.1%

ON traded down $0.5390 on Wednesday, hitting $49.2310. The company had a trading volume of 5,092,102 shares, compared to its average volume of 9,984,190. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 46.00, a P/E/G ratio of 2.52 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. The stock has a fifty day moving average price of $54.46 and a 200-day moving average price of $47.36. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $78.61.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. The firm's quarterly revenue was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Insider Activity

In other news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the sale, the chief executive officer owned 977,814 shares in the company, valued at approximately $50,083,633.08. This represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

ON has been the topic of several recent analyst reports. UBS Group dropped their price objective on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 5th. Truist Financial lifted their price target on shares of ON Semiconductor from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Loop Capital lowered their price objective on shares of ON Semiconductor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. B. Riley reaffirmed a "neutral" rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. Finally, Piper Sandler reiterated an "overweight" rating on shares of ON Semiconductor in a research note on Monday, August 4th. Twelve research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, ON Semiconductor has an average rating of "Hold" and an average price target of $56.84.

About ON Semiconductor

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.