Fifth Third Bancorp Purchases 7,407 Shares of ON Semiconductor Corporation $ON

Key Points

• Fifth Third Bancorp increased its stake in ON Semiconductor Corporation by 12.2%, acquiring an additional 7,407 shares, bringing their total holdings to 68,165 shares valued at approximately $3.57 million.
• Insider CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor at an average price of $51.22, resulting in a 1.51% decrease in his position, leaving him with 977,814 shares.
• Research analysts have varied opinions on ON Semiconductor, with twelve analysts rating it as a Buy and 14 as a Hold, whereas the average target price for the stock is set at $56.68.

Fifth Third Bancorp grew its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,165 shares of the semiconductor company's stock after acquiring an additional 7,407 shares during the period. Fifth Third Bancorp's holdings in ON Semiconductor were worth $3,573,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Moody National Bank Trust Division raised its position in ON Semiconductor by 1.5% in the 2nd quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company's stock worth $598,000 after purchasing an additional 169 shares during the last quarter. Sowell Financial Services LLC raised its position in ON Semiconductor by 4.1% in the 2nd quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company's stock worth $297,000 after purchasing an additional 223 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in ON Semiconductor by 2.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,025 shares of the semiconductor company's stock worth $530,000 after purchasing an additional 289 shares during the last quarter. Exencial Wealth Advisors LLC raised its position in ON Semiconductor by 5.2% in the 1st quarter. Exencial Wealth Advisors LLC now owns 6,034 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 296 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its position in ON Semiconductor by 83.3% in the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 320 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Insider Activity

In other news, CEO Hassane El-Khoury sold 15,000 shares of the business'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 completion of the transaction, the chief executive officer owned 977,814 shares of the company's stock, valued at $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

ON has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on shares of ON Semiconductor in a research report on Thursday, July 10th. They issued a "neutral" rating and a $60.00 price objective for the company. KeyCorp boosted their price objective on shares of ON Semiconductor from $50.00 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Rosenblatt Securities dropped 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. Truist Financial upped their target price on shares of ON Semiconductor from $43.00 to $49.00 and gave the company a "hold" rating in a research report on Tuesday, August 5th. Finally, Stifel Nicolaus upped their target price on shares of ON Semiconductor from $42.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, July 18th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $56.68.

ON Semiconductor Price Performance

Shares of ON stock opened at $50.16 on Friday. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $76.06. The firm has a market capitalization of $20.51 billion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.48. 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 firm has a fifty day moving average of $51.32 and a 200-day moving average of $47.43.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings results 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). ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the firm earned $0.96 EPS. ON Semiconductor's quarterly revenue was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, equities research analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current 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.

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