ON Semiconductor Corporation $ON Shares Sold by National Pension Service

Key Points

• The National Pension Service has reduced its stake in ON Semiconductor by 96.6%, selling 598,220 shares during the first quarter and now holds only 21,072 shares worth approximately $857,000.
• ON Semiconductor reported a Q2 earnings miss, with earnings per share at $0.53, falling short of the consensus estimate of $0.54, despite revenue of $1.47 billion exceeding expectations.
• Company insiders, including CEO Hassane El-Khoury, have been actively selling shares, with El-Khoury selling 15,000 shares for about $768,300, resulting in a 1.51% decrease in their ownership.

National Pension Service lessened its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 96.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,072 shares of the semiconductor company's stock after selling 598,220 shares during the quarter. National Pension Service's holdings in ON Semiconductor were worth $857,000 at the end of the most recent quarter.

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

ON Semiconductor Trading Up 6.0%

NASDAQ:ON traded up $2.9350 during trading hours on Friday, reaching $51.7450. 3,179,020 shares of the stock were exchanged, compared to its average volume of 9,940,469. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $54.33 and a two-hundred day moving average of $47.36. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $78.61. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 48.35, a PEG ratio of 2.46 and a beta of 1.45.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm's revenue for the quarter was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, equities analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on ON. Needham & Company LLC boosted their target price on shares of ON Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a report on Monday, August 4th. Loop Capital decreased their target price on shares of ON Semiconductor from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Truist Financial boosted their target price on shares of ON Semiconductor from $43.00 to $49.00 and gave the company a "hold" rating in a report on Tuesday, August 5th. UBS Group decreased their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Finally, KGI Securities started coverage on ON Semiconductor in a research report on Friday, May 23rd. They set a "neutral" rating for the company. Twelve research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $56.84.

Insider Buying and Selling at ON Semiconductor

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 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 owned 977,814 shares in the company, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company's stock.

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.