Inspire Investing LLC Sells 8,111 Shares of ON Semiconductor Corporation $ON

Key Points

• Inspire Investing LLC reduced its stake in ON Semiconductor by 14.2%, selling 8,111 shares, leaving it with a total of 48,855 shares valued at approximately $1,988,000.
• ON Semiconductor reported an EPS of $0.53 for the most recent quarter, which was below the consensus estimate, and its revenue decreased by 15.4% compared to the same quarter last year.
• Despite recent challenges, multiple equity analysts maintain a positive outlook on the stock, with Roth Capital recently raising its target price to $70.00.

Inspire Investing LLC cut its stake in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,855 shares of the semiconductor company's stock after selling 8,111 shares during the quarter. Inspire Investing LLC's holdings in ON Semiconductor were worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ON. Baillie Gifford & Co. bought a new stake in ON Semiconductor during the first quarter valued at approximately $219,001,000. Pacer Advisors Inc. lifted its position in ON Semiconductor by 2,735.5% during the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock valued at $87,330,000 after purchasing an additional 2,070,529 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in ON Semiconductor by 26.3% during the first 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. Nuveen LLC bought a new stake in ON Semiconductor during the first quarter valued at approximately $38,548,000. Finally, Price T Rowe Associates Inc. MD lifted its position in ON Semiconductor by 94.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company's stock valued at $61,145,000 after purchasing an additional 728,177 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

ON Semiconductor Stock Down 1.6%

Shares of NASDAQ ON opened at $48.26 on Friday. 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. The firm's fifty day moving average is $52.99 and its 200 day moving average is $47.12. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 2.44 and a beta of 1.48.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. The firm's quarterly revenue was down 15.4% compared to the same quarter last year. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, equities research analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Insider Activity at ON Semiconductor

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Roth Capital reiterated a "buy" rating and set a $70.00 target price (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, June 17th. Wells Fargo & Company decreased their price target on shares of ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 5th. Piper Sandler reissued an "overweight" rating on shares of ON Semiconductor in a research note on Monday, August 4th. Citigroup decreased their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating on the stock 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 fourteen have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average 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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