Bar Harbor Wealth Management Reduces Position in ON Semiconductor Corporation $ON

Key Points

• Bar Harbor Wealth Management significantly reduced its stake in ON Semiconductor Corporation by 80.3%, leaving it with 4,181 shares valued at $219,000.
• CEO Hassane El-Khoury sold 15,000 shares at an average price of $51.22, reducing his ownership by 1.51%.
• Despite recent struggles, ON Semiconductor has seen varying analyst ratings, with a consensus average target price of $56.68 and a mix of buy and neutral ratings from multiple firms.

Bar Harbor Wealth Management cut its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 80.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,181 shares of the semiconductor company's stock after selling 17,087 shares during the period. Bar Harbor Wealth Management's holdings in ON Semiconductor were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ON. Assenagon Asset Management S.A. increased its position in shares of ON Semiconductor by 226.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 888,364 shares of the semiconductor company's stock valued at $36,148,000 after purchasing an additional 615,825 shares during the last quarter. CX Institutional purchased a new stake in shares of ON Semiconductor in the 1st quarter valued at approximately $128,000. Net Worth Advisory Group increased its position in shares of ON Semiconductor by 71.7% in the 1st quarter. Net Worth Advisory Group now owns 5,770 shares of the semiconductor company's stock valued at $235,000 after purchasing an additional 2,409 shares during the last quarter. GraniteShares Advisors LLC increased its position in shares of ON Semiconductor by 16.2% in the 1st quarter. GraniteShares Advisors LLC now owns 9,511 shares of the semiconductor company's stock valued at $387,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV purchased a new position in shares of ON Semiconductor in the 1st quarter valued at $639,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total value 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 trade represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ON shares. Benchmark reaffirmed a "buy" rating and issued a $60.00 target price (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Cantor Fitzgerald started coverage on shares of ON Semiconductor in a research report on Wednesday, June 18th. They issued a "neutral" rating and a $55.00 target price on the stock. Piper Sandler reaffirmed an "overweight" rating on shares of ON Semiconductor in a research report on Monday, August 4th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of ON Semiconductor in a research report on Wednesday. Finally, B. Riley reaffirmed a "neutral" rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $56.68.

ON Semiconductor Stock Down 1.8%

Shares of NASDAQ:ON opened at $49.97 on Friday. The stock has a market cap of $20.44 billion, a P/E ratio of 46.70, a P/E/G ratio of 2.53 and a beta of 1.49. The firm has a fifty day moving average price of $49.69 and a 200 day moving average price of $47.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $76.06.

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 analysts' consensus estimates of $0.54 by ($0.01). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The firm's revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Sell-side analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.

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.

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