Credit Agricole S A Decreases Holdings in ON Semiconductor Corporation $ON

Key Points

• Credit Agricole S A reduced its position in ON Semiconductor Corporation by 65.8% during the first quarter, owning 174,563 shares worth approximately $7.1 million after selling 335,782 shares.
• Several institutional investors increased their stakes in ON Semiconductor, with Banco Bilbao Vizcaya Argentaria S.A. raising its position by 76.5% and Brooklyn Investment Group by 122.8% during the same quarter.
• ON Semiconductor's CEO, Hassane El-Khoury, sold 15,000 shares at an average price of $51.22, reflecting a 1.51% decrease in their ownership, leaving him with 977,814 shares valued at about $50 million.

Credit Agricole S A lowered its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 65.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,563 shares of the semiconductor company's stock after selling 335,782 shares during the quarter. Credit Agricole S A's holdings in ON Semiconductor were worth $7,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of ON. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in ON Semiconductor by 3,005.9% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,056 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 1,022 shares in the last quarter. Stifel Financial Corp boosted its holdings in ON Semiconductor by 12.9% in the fourth quarter. Stifel Financial Corp now owns 127,441 shares of the semiconductor company's stock worth $8,035,000 after purchasing an additional 14,594 shares in the last quarter. Analog Century Management LP lifted its position in ON Semiconductor by 4.6% during the 4th quarter. Analog Century Management LP now owns 1,116,581 shares of the semiconductor company's stock worth $70,400,000 after acquiring an additional 48,839 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in ON Semiconductor during the 4th quarter worth $368,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in ON Semiconductor during the 4th quarter worth $998,000. 97.70% of the stock is currently owned by institutional investors.

ON Semiconductor Stock Up 6.2%

Shares of NASDAQ:ON traded up $3.04 during midday trading on Friday, reaching $51.85. 9,736,609 shares of the company were exchanged, compared to its average volume of 10,320,094. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $78.61. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $54.34 and a two-hundred day simple moving average of $47.31. The firm has a market cap of $21.21 billion, a PE ratio of 48.46, a P/E/G ratio of 2.58 and a beta of 1.45.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its earnings results on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company 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%.The business's quarterly revenue was down 15.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, sell-side analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Insider Transactions at ON Semiconductor

In other ON Semiconductor 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 transaction, the chief executive officer directly owned 977,814 shares of the company's stock, valued at approximately $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. TD Cowen cut their target price on shares of ON Semiconductor from $68.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. UBS Group cut their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, August 5th. Rosenblatt Securities cut their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, August 5th. Robert W. Baird cut their target price on shares of ON Semiconductor from $42.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Finally, Citigroup cut their target price on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $56.84.

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.