Greenleaf Trust Invests $284,000 in ON Semiconductor Corporation $ON

Key Points

• Greenleaf Trust has invested approximately $284,000 in ON Semiconductor Corporation by acquiring 5,427 shares during the 2nd quarter.
• CEO Hassane El-Khoury sold 15,000 shares of the company, resulting in a 1.51% decrease in his ownership stake.
• ON Semiconductor's stock is trading near $49.27, with a market capitalization of $20.15 billion, and has recently reported earnings that missed expectations.

Greenleaf Trust acquired a new position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,427 shares of the semiconductor company's stock, valued at approximately $284,000.

Other hedge funds have also modified their holdings of the company. Costello Asset Management INC purchased a new stake in shares of ON Semiconductor during the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 320 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in ON Semiconductor during the 1st quarter valued at $41,000. Ridgewood Investments LLC purchased a new stake in ON Semiconductor during the 2nd quarter valued at $68,000. Finally, Geneos Wealth Management Inc. raised its holdings 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 valued at $54,000 after buying an additional 507 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Hassane El-Khoury sold 15,000 shares of the 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 transaction, the chief executive officer owned 977,814 shares of the company's stock, valued at approximately $50,083,633.08. This represents 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. Insiders own 0.31% of the company's stock.

ON Semiconductor Stock Performance

Shares of ON Semiconductor stock opened at $49.27 on Friday. The stock's fifty day moving average is $50.33 and its two-hundred day moving average is $47.67. The company has a market capitalization of $20.15 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 2.45 and a beta of 1.49. 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 Corporation has a 52 week low of $31.04 and a 52 week high of $76.06.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.47 billion during 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%. The business's revenue was down 15.4% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ON has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on ON Semiconductor in a report on Thursday, July 10th. They set a "neutral" rating and a $60.00 price target on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of ON Semiconductor in a report on Saturday, September 27th. Roth Capital restated a "buy" rating and set a $70.00 price target (up previously from $50.00) on shares of ON Semiconductor in a report on Tuesday, June 17th. Truist Financial increased their price target on ON Semiconductor from $43.00 to $49.00 and gave the company a "hold" rating in a report on Tuesday, August 5th. Finally, Susquehanna restated a "positive" rating and set a $65.00 price target (down previously from $75.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, ON Semiconductor has an average rating of "Hold" and a consensus price target of $56.68.

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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