Czech National Bank Acquires 5,352 Shares of ON Semiconductor Corporation $ON

Key Points

• The Czech National Bank increased its stake in ON Semiconductor Corporation by 5.5% in Q2, now holding 102,145 shares valued at approximately $5.35 million.
• Analysts have mixed ratings on ON Semiconductor, with 12 analysts rated as Buy and a consensus price target of $56.68, while the stock recently reported earnings per share of $0.53, missing estimates.
• Institutional investors dominate ON Semiconductor's ownership, holding 97.70% of shares, indicating strong confidence from larger investment entities.

Czech National Bank lifted its stake in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,145 shares of the semiconductor company's stock after purchasing an additional 5,352 shares during the quarter. Czech National Bank's holdings in ON Semiconductor were worth $5,353,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ON. Tidal Investments LLC raised its stake in shares of ON Semiconductor by 37.9% during the fourth quarter. Tidal Investments LLC now owns 30,590 shares of the semiconductor company's stock valued at $1,929,000 after purchasing an additional 8,407 shares in the last quarter. Two Sigma Investments LP raised its position in ON Semiconductor by 389.6% in the fourth quarter. Two Sigma Investments LP now owns 205,836 shares of the semiconductor company's stock worth $12,978,000 after acquiring an additional 163,796 shares in the last quarter. Twinbeech Capital LP bought a new stake in ON Semiconductor in the fourth quarter worth about $291,000. Vident Advisory LLC raised its position in ON Semiconductor by 9.4% in the fourth quarter. Vident Advisory LLC now owns 44,026 shares of the semiconductor company's stock worth $2,776,000 after acquiring an additional 3,794 shares in the last quarter. Finally, Elequin Capital LP raised its position in ON Semiconductor by 108.3% in the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 274 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on ON shares. B. Riley reiterated a "neutral" rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. Cantor Fitzgerald assumed coverage on ON Semiconductor in a research note on Wednesday, June 18th. They issued a "neutral" rating and a $55.00 price target on the stock. The Goldman Sachs Group assumed coverage on ON Semiconductor in a research note on Thursday, July 10th. They issued a "neutral" rating and a $60.00 price target on the stock. Truist Financial lifted their price target on ON Semiconductor from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on ON Semiconductor from $48.00 to $56.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, ON Semiconductor currently has a consensus rating of "Hold" and an average price target of $56.68.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction on Wednesday, August 13th. The stock was 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 in the company, valued at approximately $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.31% of the company's stock.

ON Semiconductor Stock Down 1.5%

Shares of ON traded down $0.76 during trading hours on Friday, reaching $51.07. The stock had a trading volume of 18,144,519 shares, compared to its average volume of 6,668,449. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06. The firm has a 50-day simple moving average of $52.22 and a 200 day simple moving average of $47.23. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $20.89 billion, a price-to-earnings ratio of 47.73, a P/E/G ratio of 2.58 and a beta of 1.48.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its earnings results 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 return on equity of 15.33% and a net margin of 7.28%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. ON Semiconductor's revenue for the quarter was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Equities research analysts predict 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.