Johnson Investment Counsel Inc. Purchases Shares of 58,472 ON Semiconductor Corporation $ON

Key Points

• Johnson Investment Counsel Inc. has acquired a new stake in ON Semiconductor Corporation, purchasing 58,472 shares valued at approximately $3.07 million during Q2.
• Insider trading revealed that CEO Hassane El-Khoury sold 15,000 shares in August for a total of $768,300, reducing his ownership by 1.51%.
• ON Semiconductor recently reported earnings per share (EPS) of $0.53 for the last quarter, missing estimates, while projecting Q3 2025 EPS guidance between $0.540 and $0.640.

Johnson Investment Counsel Inc. purchased a new stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 58,472 shares of the semiconductor company's stock, valued at approximately $3,065,000.

A number of other large investors have also recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its position in ON Semiconductor by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company's stock valued at $460,958,000 after acquiring an additional 110,735 shares during the period. Baillie Gifford & Co. bought a new stake in shares of ON Semiconductor during the first quarter worth $219,001,000. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $203,462,000 after purchasing an additional 1,055,461 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ON Semiconductor by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company's stock worth $103,525,000 after purchasing an additional 55,976 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of 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 worth $87,330,000 after purchasing an additional 2,070,529 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $50,083,633.08. This represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.31% of the company's stock.

ON Semiconductor Trading Down 8.5%

Shares of ON opened at $45.74 on Monday. 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 12-month low of $31.04 and a 12-month high of $76.06. The firm has a market capitalization of $18.71 billion, a PE ratio of 42.75, a price-to-earnings-growth ratio of 2.28 and a beta of 1.49. The stock's fifty day simple moving average is $49.46 and its 200-day simple moving average is $47.85.

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 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 for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company earned $0.96 EPS. The company's 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. As a group, research analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ON shares. Weiss Ratings restated a "hold (c-)" rating on shares of ON Semiconductor in a report on Wednesday, October 8th. Cantor Fitzgerald started coverage on ON Semiconductor in a report on Wednesday, June 18th. They set a "neutral" rating and a $55.00 target price on the stock. B. Riley restated a "neutral" rating on shares of ON Semiconductor in a report on Tuesday, August 5th. Stifel Nicolaus increased their target price on ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, July 18th. Finally, Citigroup cut their price target on ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $56.68.

ON Semiconductor Company 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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