Generali Asset Management SPA SGR Takes $1.52 Million Position in ON Semiconductor Corporation $ON

Key Points

• Generali Asset Management acquired a new position in ON Semiconductor Corporation, purchasing 29,042 shares valued at approximately $1.52 million during the second quarter.
• ON Semiconductor reported Q2 earnings of $0.53 per share, missing estimates by $0.01, with revenue of $1.47 billion, down 15.4% year-over-year.
• Institutional investors hold a significant majority, controlling 97.70% of ON Semiconductor's stock, indicating strong confidence from large investors.

Generali Asset Management SPA SGR bought a new stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 29,042 shares of the semiconductor company's stock, valued at approximately $1,522,000.

Other hedge funds have also made changes to their positions in the company. Costello Asset Management INC purchased a new position in shares of ON Semiconductor in the 1st quarter valued at $26,000. Golden State Wealth Management LLC increased its stake in ON Semiconductor by 83.3% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after buying an additional 320 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in ON Semiconductor during the 2nd quarter worth $29,000. Geneos Wealth Management Inc. increased its stake in ON Semiconductor by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company's stock worth $54,000 after buying an additional 507 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in ON Semiconductor during the 2nd quarter worth $57,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Insider Activity at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction dated 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 directly owned 977,814 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company's stock.

ON Semiconductor Price Performance

ON opened at $52.53 on Friday. The company has a 50-day moving average of $49.83 and a 200-day moving average of $48.11. The company has a market capitalization of $21.48 billion, a P/E ratio of 49.09, a PEG ratio of 2.64 and a beta of 1.49. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $76.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $1.47 billion during 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%.ON Semiconductor's revenue for the quarter 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. Equities analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ON shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of ON Semiconductor in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, July 18th. Needham & Company LLC lifted their price target on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Susquehanna reaffirmed a "positive" rating and set a $65.00 price target (down previously from $75.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Finally, Mizuho lifted their price target on shares of ON Semiconductor from $60.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, June 26th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, ON Semiconductor has an average rating of "Hold" and an average target price of $56.68.

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.

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