ON Semiconductor Corporation $ON Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP decreased its stake in ON Semiconductor by 30.8%, selling 73,828 shares and now holding 165,875 shares valued at $6.75 million.
• Analysts have mixed opinions on ON Semiconductor, with Mizuho raising its target price to $72.00, while UBS Group and Rosenblatt Securities lowered their targets to $50.00, indicating a "neutral" rating.
• ON Semiconductor reported $0.53 EPS for the quarter, slightly missing estimates, with revenue down 15.4% from the previous year, highlighting challenges despite a solid market presence.

Korea Investment CORP lowered its position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 30.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,875 shares of the semiconductor company's stock after selling 73,828 shares during the period. Korea Investment CORP's holdings in ON Semiconductor were worth $6,749,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC increased its position in shares of ON Semiconductor by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 320 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of ON Semiconductor by 4.8% during the first quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company's stock worth $408,000 after purchasing an additional 463 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of ON Semiconductor during the first quarter worth about $222,000. Wealth Enhancement Advisory Services LLC increased its position in shares of ON Semiconductor by 15.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,975 shares of the semiconductor company's stock worth $1,070,000 after purchasing an additional 2,209 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of ON Semiconductor by 57.0% during the first quarter. Exchange Traded Concepts LLC now owns 6,482 shares of the semiconductor company's stock worth $264,000 after purchasing an additional 2,353 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

ON Semiconductor Stock Performance

ON traded down $0.06 during trading on Thursday, reaching $51.19. The company's stock had a trading volume of 1,453,135 shares, compared to its average volume of 9,854,195. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $78.61. The company's fifty day moving average price is $54.22 and its 200-day moving average price is $47.36. The company has a market capitalization of $20.94 billion, a price-to-earnings ratio of 47.80, a price-to-earnings-growth ratio of 2.54 and a beta of 1.45. 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 announced its quarterly 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). The firm 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%.ON Semiconductor's revenue was down 15.4% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, equities analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 977,814 shares in the company, valued at $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho lifted their target price on ON Semiconductor from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. B. Riley reissued a "neutral" rating on shares of ON Semiconductor in a report on Tuesday, August 5th. Susquehanna reissued 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. UBS Group lowered their price target on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Finally, TD Cowen lowered their price target on ON Semiconductor from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, ON Semiconductor has a consensus rating of "Hold" and a consensus target price of $56.84.

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.