Boston Trust Walden Corp Sells 5,487 Shares of ON Semiconductor Corporation $ON

Key Points

• Boston Trust Walden Corp has reduced its stake in ON Semiconductor Corporation by 2.2%, selling 5,487 shares and currently holding about 249,345 shares valued at approximately $13.07 million.
recent quarterly earnings report showed an EPS of $0.53, slightly missing estimates, while revenue fell by 15.4% year-over-year.
• A significant portion of institutional ownership in ON Semiconductor is noted at 97.70%, with various investors adjusting their stakes recently, reflecting strong market interest.

Boston Trust Walden Corp lessened its position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,345 shares of the semiconductor company's stock after selling 5,487 shares during the period. Boston Trust Walden Corp owned about 0.06% of ON Semiconductor worth $13,068,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC bought a new position in ON Semiconductor during the 1st quarter worth about $26,000. Golden State Wealth Management LLC boosted its stake in shares of 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 buying an additional 320 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of ON Semiconductor during the 2nd quarter worth about $29,000. Opal Wealth Advisors LLC acquired a new position in shares of ON Semiconductor during the 1st quarter worth about $41,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of ON Semiconductor by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company's stock worth $54,000 after buying an additional 507 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Wall Street Analyst Weigh In

ON has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of ON Semiconductor in a research note on Thursday, July 10th. They set a "neutral" rating and a $60.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, July 18th. Rosenblatt Securities reduced their price objective on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, August 5th. Piper Sandler restated an "overweight" rating on shares of ON Semiconductor in a research note on Monday, August 4th. Finally, UBS Group reduced their price objective on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $56.68.

ON Semiconductor Trading Down 1.1%

Shares of NASDAQ:ON opened at $49.54 on Wednesday. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $76.06. The company has a market capitalization of $20.26 billion, a P/E ratio of 46.30, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. The company has a 50-day simple moving average of $49.55 and a 200 day simple moving average of $47.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02.

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

Insiders Place Their Bets

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

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.

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ON Semiconductor Corporation (NASDAQ:ON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.