Neville Rodie & Shaw Inc. Has $204,000 Stake in ON Semiconductor Corporation $ON

Key Points

• Neville Rodie & Shaw Inc. significantly reduced its stake in ON Semiconductor by 84.4% during the 2nd quarter, owning only 3,880 shares worth approximately $204,000 after selling 21,045 shares.
• CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock, resulting in a 1.51% decrease in his ownership, which is now valued around $50 million.
• Wall Street analysts remain cautiously optimistic, with a consensus rating of "Hold" and an average target price of $56.68, despite the Q2 earnings being slightly below projections.

Neville Rodie & Shaw Inc. cut its holdings in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 84.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,880 shares of the semiconductor company's stock after selling 21,045 shares during the period. Neville Rodie & Shaw Inc.'s holdings in ON Semiconductor were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in ON Semiconductor by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company's stock worth $460,958,000 after purchasing an additional 110,735 shares during the period. Baillie Gifford & Co. acquired a new stake in shares of ON Semiconductor during the 1st quarter worth approximately $219,001,000. Allspring Global Investments Holdings LLC increased its stake in shares of 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 valued at $203,462,000 after acquiring an additional 1,055,461 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of ON Semiconductor by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company's stock valued at $103,525,000 after acquiring an additional 55,976 shares during the period. Finally, Pacer Advisors Inc. boosted its stake 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 worth $87,330,000 after acquiring an additional 2,070,529 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the company's stock in a transaction dated 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 sale, 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 SEC, which is accessible through the SEC website. Company insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ON shares. Benchmark reiterated a "buy" rating and set a $60.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Truist Financial increased their price target on ON Semiconductor from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Tuesday, August 5th. Piper Sandler restated an "overweight" rating on shares of ON Semiconductor in a report on Monday, August 4th. UBS Group lowered their target price on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 5th. Finally, KeyCorp increased their target price on ON Semiconductor from $50.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Twelve analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $56.68.

ON Semiconductor Stock Performance

Shares of ON Semiconductor stock opened at $48.26 on Friday. The company has a market cap of $19.74 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 2.44 and a beta of 1.48. 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 business has a 50 day moving average price of $52.99 and a 200-day moving average price of $47.09.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced 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 return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $0.96 EPS. The company'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. Equities analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor 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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