Nordea Investment Management AB Cuts Stock Holdings in ON Semiconductor Corporation $ON

Key Points

• Nordea Investment Management AB has drastically reduced its stake in ON Semiconductor Corporation by 91.7%, holding only 36,590 shares after selling 403,790 shares in Q2.
• ON Semiconductor's CEO, Hassane El-Khoury, sold 15,000 shares at an average price of $51.22, decreasing his ownership by 1.51% to 977,814 shares.
• The company reported earnings of $0.53 EPS for the quarter, missing the consensus estimate while experiencing a 15.4% year-over-year revenue decline.

Nordea Investment Management AB reduced its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 91.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,590 shares of the semiconductor company's stock after selling 403,790 shares during the quarter. Nordea Investment Management AB's holdings in ON Semiconductor were worth $1,926,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ON. Moody National Bank Trust Division raised its holdings in shares of ON Semiconductor by 1.5% in the second quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company's stock valued at $598,000 after purchasing an additional 169 shares during the last quarter. Sowell Financial Services LLC grew its position in ON Semiconductor by 4.1% in the 2nd quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company's stock worth $297,000 after purchasing an additional 223 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in ON Semiconductor by 2.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,025 shares of the semiconductor company's stock valued at $530,000 after buying an additional 289 shares during the last quarter. Exencial Wealth Advisors LLC lifted its position in shares of ON Semiconductor by 5.2% during the 1st quarter. Exencial Wealth Advisors LLC now owns 6,034 shares of the semiconductor company's stock worth $246,000 after buying an additional 296 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in shares of ON Semiconductor by 83.3% in the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after buying an additional 320 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the firm's 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 completion of the transaction, the chief executive officer owned 977,814 shares in the company, valued at $50,083,633.08. This trade represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

ON has been the subject of a number of research analyst reports. Rosenblatt Securities decreased their price target on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, August 5th. Citigroup lowered their target price 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. Needham & Company LLC boosted their price target on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, August 4th. JPMorgan Chase & Co. raised their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, Wells Fargo & Company dropped their target price on shares of ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $56.68.

ON Semiconductor Stock Down 5.7%

ON opened at $51.93 on Thursday. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06. The company has a market cap of $21.24 billion, a PE ratio of 48.53, a price-to-earnings-growth ratio of 2.74 and a beta of 1.49. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $50.08 and a 200 day moving average of $48.47.

ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its 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 analysts' expectations of $1.45 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The company's revenue 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, sell-side analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

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.

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