Alliancebernstein L.P. Sells 228,842 Shares of ON Semiconductor Corporation $ON

Key Points

• Alliancebernstein L.P. reduced its stake in ON Semiconductor by 32.0%, selling 228,842 shares, and now holds about 0.12% of the company valued at $19.8 million.
• CEO Hassane El-Khoury sold 15,000 shares for approximately $768,300, decreasing his ownership by 1.51%.
• ON Semiconductor missed quarterly earnings estimates with $0.53 EPS against a consensus of $0.54, while revenues of $1.47 billion slightly exceeded expectations.

Alliancebernstein L.P. decreased its position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 32.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 487,211 shares of the semiconductor company's stock after selling 228,842 shares during the quarter. Alliancebernstein L.P. owned about 0.12% of ON Semiconductor worth $19,825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Costello Asset Management INC bought a new position in ON Semiconductor during the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC boosted its stake in ON Semiconductor by 83.3% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 320 shares during the last quarter. Elequin Capital LP boosted its stake in ON Semiconductor by 108.3% during the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 274 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in ON Semiconductor during the 1st quarter worth approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in ON Semiconductor by 69.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company's stock worth $51,000 after buying an additional 518 shares during the period. Institutional investors own 97.70% of the company's stock.

Insider Buying and Selling at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the transaction, the chief executive officer directly owned 977,814 shares of the company's stock, valued at $50,083,633.08. This trade represents a 1.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

ON Semiconductor Price Performance

Shares of ON opened at $48.13 on Thursday. The stock has a market capitalization of $19.68 billion, a P/E ratio of 44.98, a P/E/G ratio of 2.42 and a beta of 1.48. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06. The company has a 50 day moving average of $53.32 and a 200-day moving average of $47.17. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42.

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Rosenblatt Securities dropped their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Benchmark restated a "buy" rating and set a $60.00 target price (up from $50.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Mizuho raised their target price on shares of ON Semiconductor from $60.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, June 26th. Citigroup dropped their target price on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Finally, UBS Group dropped their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat, ON Semiconductor presently has a consensus rating of "Hold" and an average price target of $56.68.

ON Semiconductor Profile

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.

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