Norinchukin Bank The Increases Position in ON Semiconductor Corporation $ON

Key Points

• Norinchukin Bank increased its stake in ON Semiconductor Corporation by 43.2% during Q1, now owning 31,709 shares valued at approximately $1.29 million.
• CEO Hassane El-Khoury sold 15,000 shares at an average price of $51.22, resulting in a net decrease of 1.51% in his holdings, which are now worth over $50 million.
• Analysts have varied ratings and target prices for ON Semiconductor shares, with a consensus average target price of $56.84 and several firms issuing both Buy and Hold recommendations.

Norinchukin Bank The lifted its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 43.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,709 shares of the semiconductor company's stock after purchasing an additional 9,570 shares during the period. Norinchukin Bank The's holdings in ON Semiconductor were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in ON Semiconductor by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in ON Semiconductor by 4.8% during the first quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company's stock valued at $408,000 after acquiring an additional 463 shares in the last quarter. Sowell Financial Services LLC purchased a new position in ON Semiconductor during the first quarter valued at $222,000. Wealth Enhancement Advisory Services LLC grew its stake in 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 valued at $1,070,000 after acquiring an additional 2,209 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in ON Semiconductor by 57.0% during the first quarter. Exchange Traded Concepts LLC now owns 6,482 shares of the semiconductor company's stock valued at $264,000 after acquiring an additional 2,353 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Hassane El-Khoury sold 15,000 shares of the firm'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 owned 977,814 shares in the company, valued at approximately $50,083,633.08. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

ON has been the subject of several research analyst reports. UBS Group cut their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, August 5th. Benchmark reiterated a "buy" rating and set a $60.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Robert W. Baird lowered their price objective on shares of ON Semiconductor from $42.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Bank of America reiterated a "neutral" rating and set a $56.00 price objective (down previously from $70.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Twelve 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.com, the company presently has a consensus rating of "Hold" and an average target price of $56.84.

ON Semiconductor Price Performance

ON Semiconductor stock opened at $51.85 on Friday. The firm has a 50-day moving average price of $54.34 and a 200-day moving average price of $47.34. The firm has a market capitalization of $21.21 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 2.58 and a beta of 1.45. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $78.61.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released 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). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, equities research analysts forecast 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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