Nan Shan Life Insurance Co. Ltd. Sells 11,318 Shares of ON Semiconductor Corporation $ON

Key Points

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Nan Shan Life Insurance Co. Ltd. lessened its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 366,203 shares of the semiconductor company's stock after selling 11,318 shares during the period. Nan Shan Life Insurance Co. Ltd. owned 0.09% of ON Semiconductor worth $14,901,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its position in ON Semiconductor by 9.2% in the 4th quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock worth $780,387,000 after purchasing an additional 1,041,989 shares during the last quarter. Baillie Gifford & Co. bought a new position in ON Semiconductor in the 1st quarter worth approximately $219,001,000. Allspring Global Investments Holdings LLC raised its position in ON Semiconductor by 26.3% in the 1st 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. Dimensional Fund Advisors LP raised its position in ON Semiconductor by 18.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company's stock worth $316,195,000 after purchasing an additional 771,610 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of ON Semiconductor by 8.4% during the 4th quarter. Northern Trust Corp now owns 3,787,829 shares of the semiconductor company's stock valued at $238,823,000 after acquiring an additional 292,225 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

ON Semiconductor Stock Up 6.2%

NASDAQ ON traded up $3.04 on Friday, reaching $51.85. The company had a trading volume of 9,736,609 shares, compared to its average volume of 10,236,848. The firm has a market capitalization of $21.21 billion, a price-to-earnings ratio of 48.46, a price-to-earnings-growth ratio of 2.43 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 Corporation has a 1-year low of $31.04 and a 1-year high of $78.61. The company's fifty day moving average is $54.34 and its 200-day moving average is $47.37.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates 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 for the quarter was down 15.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, research analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Hassane El-Khoury sold 15,000 shares of the company's 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 completion of the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ON. The Goldman Sachs Group began coverage on shares of ON Semiconductor in a research report on Thursday, July 10th. They set a "neutral" rating and a $60.00 target price for the company. Bank of America reiterated a "neutral" rating and set a $56.00 target price (down previously from $70.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Piper Sandler reiterated an "overweight" rating on shares of ON Semiconductor in a research report on Monday, August 4th. KGI Securities assumed coverage on shares of ON Semiconductor in a research report on Friday, May 23rd. They set a "neutral" rating for the company. Finally, UBS Group decreased their price target on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat.com, ON Semiconductor presently 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.