ON Semiconductor Corporation $ON Shares Purchased by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in ON Semiconductor Corporation by 81.7% in the first quarter, owning 74,577 shares valued at $3,036,000.
• CEO Hassane El-Khoury sold 15,000 shares of the company's stock for about $768,300, reducing his ownership by 1.51%.
• Analyst ratings for ON Semiconductor show a consensus of "Hold", with twelve analysts recommending "Buy" and an average price target of $56.68 for the stock.

Federation des caisses Desjardins du Quebec raised its holdings in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 81.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,577 shares of the semiconductor company's stock after purchasing an additional 33,535 shares during the period. Federation des caisses Desjardins du Quebec's holdings in ON Semiconductor were worth $3,036,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its position in shares of ON Semiconductor by 83.3% in the 1st 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 in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of ON Semiconductor by 4.8% during the first quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company's stock worth $408,000 after purchasing an additional 463 shares during the last quarter. Sowell Financial Services LLC acquired a new position in ON Semiconductor in the first quarter worth about $222,000. Wealth Enhancement Advisory Services LLC increased its holdings in ON Semiconductor by 15.0% in the fourth 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 last quarter. Finally, Exchange Traded Concepts LLC raised its stake in ON Semiconductor by 57.0% during the first quarter. Exchange Traded Concepts LLC now owns 6,482 shares of the semiconductor company's stock valued at $264,000 after buying an additional 2,353 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the business'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 in the company, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ON shares. B. Riley reiterated a "neutral" rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. Needham & Company LLC raised their price objective on ON Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Mizuho boosted their target price on shares of ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. increased their target price on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Citigroup decreased their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating for the company 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $56.68.

ON Semiconductor Stock Performance

ON stock traded down $0.61 during trading on Wednesday, reaching $48.01. 3,721,344 shares of the company's stock were exchanged, compared to its average volume of 9,722,527. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $76.06. The firm has a market cap of $19.63 billion, a PE ratio of 44.86, a P/E/G ratio of 2.43 and a beta of 1.48. The company's fifty day moving average price is $53.48 and its 200-day moving average price is $47.16. The company has a quick ratio of 3.37, a current ratio of 5.02 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 for the quarter, missing analysts' consensus estimates 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 net margin of 7.28% and a return on equity of 15.33%. ON Semiconductor's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 fiscal year.

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.