Corebridge Financial Inc. Has $5.02 Million Position in ON Semiconductor Corporation $ON

Key Points

• Corebridge Financial Inc. has reduced its stake in ON Semiconductor Corporation by 4.0%, now owning 123,398 shares worth approximately $5.02 million after selling 5,108 shares.
• Several institutional investors have also adjusted their positions in ON Semiconductor, with Golden State Wealth Management LLC increasing its stake by 83.3%, now owning 704 shares.
• ON Semiconductor reported quarterly earnings of $0.53 EPS, slightly missing analysts' expectations, and indicated a projected guidance of 0.540-0.640 EPS for Q3 2025.

Corebridge Financial Inc. lessened its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,398 shares of the semiconductor company's stock after selling 5,108 shares during the period. Corebridge Financial Inc.'s holdings in ON Semiconductor were worth $5,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in shares of ON Semiconductor by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 320 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of ON Semiconductor by 4.8% in the first quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company's stock valued at $408,000 after purchasing an additional 463 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in ON Semiconductor during the 1st quarter worth about $222,000. Wealth Enhancement Advisory Services LLC increased its stake in ON Semiconductor by 15.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,975 shares of the semiconductor company's stock valued at $1,070,000 after buying an additional 2,209 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in shares of ON Semiconductor by 57.0% during the first quarter. Exchange Traded Concepts LLC now owns 6,482 shares of the semiconductor company's stock worth $264,000 after acquiring an additional 2,353 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ON shares. TD Cowen dropped their price objective on ON Semiconductor from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. Piper Sandler restated an "overweight" rating on shares of ON Semiconductor in a research note on Monday, August 4th. Wells Fargo & Company reduced their price objective on shares of ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Tuesday, August 5th. The Goldman Sachs Group started coverage on ON Semiconductor in a report on Thursday, July 10th. They set a "neutral" rating and a $60.00 price target on the stock. Finally, UBS Group lowered their target price on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, ON Semiconductor currently has a consensus rating of "Hold" and a consensus target price of $56.84.

ON Semiconductor Price Performance

ON stock traded up $0.07 during trading on Thursday, hitting $47.86. The company had a trading volume of 3,729,837 shares, compared to its average volume of 9,820,533. The company has a fifty day moving average price of $53.83 and a two-hundred day moving average price of $47.35. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $76.06. The company has a market cap of $19.57 billion, a P/E ratio of 44.78, a P/E/G ratio of 2.47 and a beta of 1.48. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) 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 company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The firm's revenue was down 15.4% compared to the same quarter last year. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Equities research analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal 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.