ON Semiconductor Corporation $ON Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its holdings in ON Semiconductor by 28.0%, selling 9,472 shares, and now owns 24,308 shares valued at approximately $989,000.
• ON Semiconductor's Q2 earnings report revealed a miss on EPS at $0.53, slightly below the $0.54 expected, despite a revenue of $1.47 billion.
• Analysts have mixed views on ON Semiconductor, with target prices ranging from $39.00 to $72.00, reflecting a consensus rating of "Hold" and a price target of $56.84.

Gulf International Bank UK Ltd lowered its stake in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 28.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 24,308 shares of the semiconductor company's stock after selling 9,472 shares during the quarter. Gulf International Bank UK Ltd's holdings in ON Semiconductor were worth $989,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Janus Henderson Group PLC increased its position in shares of ON Semiconductor by 9.2% during the 4th quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock valued at $780,387,000 after purchasing an additional 1,041,989 shares during the last quarter. Baillie Gifford & Co. bought a new position in shares of ON Semiconductor during the 1st quarter valued at approximately $219,001,000. Allspring Global Investments Holdings LLC increased its position in shares of ON Semiconductor by 26.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company's stock valued at $203,462,000 after purchasing an additional 1,055,461 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of ON Semiconductor by 18.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company's stock valued at $316,195,000 after purchasing an additional 771,610 shares during the last quarter. Finally, Capital International Investors boosted its holdings in ON Semiconductor by 0.7% during the 4th quarter. Capital International Investors now owns 4,214,441 shares of the semiconductor company's stock valued at $265,737,000 after acquiring an additional 31,365 shares during the period. Institutional investors own 97.70% of the company's stock.

Insider Buying and Selling at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the transaction, the chief executive officer owned 977,814 shares in the company, valued at $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by company insiders.

ON Semiconductor Price Performance

ON stock traded down $0.4420 during mid-day trading on Wednesday, reaching $49.3280. 5,219,465 shares of the company's stock were exchanged, compared to its average volume of 9,985,038. The company has a market cap of $20.17 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 2.52 and a beta of 1.45. The stock's 50 day moving average is $54.46 and its 200 day moving average is $47.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $78.61.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its quarterly 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). The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.45 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The business'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 company posted $0.96 EPS. 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 year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ON shares. The Goldman Sachs Group started coverage on ON Semiconductor in a report on Thursday, July 10th. They set a "neutral" rating and a $60.00 price objective for the company. KGI Securities assumed coverage on ON Semiconductor in a research note on Friday, May 23rd. They set a "neutral" rating for the company. Bank of America reaffirmed a "neutral" rating and set a $56.00 target price (down from $70.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Cantor Fitzgerald assumed coverage on ON Semiconductor in a research report on Wednesday, June 18th. They set a "neutral" rating and a $55.00 target price on the stock. Finally, Mizuho increased their price objective on ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, ON Semiconductor has an average rating of "Hold" and an average price target of $56.84.

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.