Brant Point Investment Management LLC Sells 15,774 Shares of ON Semiconductor Corporation $ON

Key Points

• Brant Point Investment Management LLC has reduced its holdings in ON Semiconductor Corporation by 16.6%, owning 79,174 shares worth approximately $3.22 million after the sale.
• Several institutional investors have also modified their positions, with Baillie Gifford & Co. making a new substantial investment of $219 million, while Pacer Advisors significantly increased its stake by 2,735.5%.
• Analysts have set a range of new price targets for ON Semiconductor, with the consensus rating being a 'Hold' and an average target price of $56.84 despite a recent earnings miss.

Brant Point Investment Management LLC cut its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,174 shares of the semiconductor company's stock after selling 15,774 shares during the period. Brant Point Investment Management LLC's holdings in ON Semiconductor were worth $3,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in ON Semiconductor by 400.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,285 shares of the semiconductor company's stock valued at $215,000 after purchasing an additional 4,229 shares during the last quarter. Freedom Investment Management Inc. lifted its position in shares of ON Semiconductor by 7.5% in the 1st quarter. Freedom Investment Management Inc. now owns 7,657 shares of the semiconductor company's stock valued at $312,000 after acquiring an additional 537 shares in the last quarter. ICONIQ Capital LLC purchased a new stake in shares of ON Semiconductor in the 1st quarter valued at approximately $243,000. Quantitative Investment Management LLC purchased a new stake in shares of ON Semiconductor in the 1st quarter valued at approximately $4,128,000. Finally, Jump Financial LLC increased its stake in ON Semiconductor by 1,418.5% in the 1st quarter. Jump Financial LLC now owns 126,077 shares of the semiconductor company's stock valued at $5,130,000 after buying an additional 117,774 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor Stock Performance

Shares of NASDAQ ON traded down $1.19 during trading hours on Friday, hitting $49.59. 7,522,821 shares of the stock were exchanged, compared to its average volume of 9,702,467. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. The company's 50 day moving average is $54.13 and its 200 day moving average is $47.38. The firm has a market capitalization of $20.28 billion, a P/E ratio of 46.35, a P/E/G ratio of 2.47 and a beta of 1.45. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $78.61.

ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm 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 quarterly revenue was down 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, research analysts expect that ON Semiconductor Corporation will post 2.6 EPS 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 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ON has been the topic of several research reports. Piper Sandler reiterated an "overweight" rating on shares of ON Semiconductor in a research note on Monday, August 4th. JPMorgan Chase & Co. upped their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Susquehanna reiterated a "positive" rating and issued a $65.00 price objective (down previously from $75.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. UBS Group dropped their price objective on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald initiated coverage on shares of ON Semiconductor in a research note on Wednesday, June 18th. They issued a "neutral" rating and a $55.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $56.84.

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.