ON Semiconductor Corporation $ON Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in ON Semiconductor by 76.5% during the 1st quarter, owning nearly 24,000 shares valued at approximately $992,000.
• Insider activity revealed that ON Semiconductor's CEO, Hassane El-Khoury, sold 15,000 shares for about $768,300, resulting in a 1.51% decrease in their ownership position.
• Analysts have mixed ratings for ON Semiconductor, with target price adjustments; Citigroup lowered theirs to $54, while KeyCorp increased theirs to $65, reflecting diverse outlooks on the company’s performance.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 76.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,945 shares of the semiconductor company's stock after buying an additional 10,381 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in ON Semiconductor were worth $992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ON. Baillie Gifford & Co. purchased a new stake in ON Semiconductor in the 1st quarter valued at about $219,001,000. Pacer Advisors Inc. grew its holdings in shares of ON Semiconductor by 2,735.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock worth $87,330,000 after purchasing an additional 2,070,529 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of ON Semiconductor by 26.3% during 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 period. Janus Henderson Group PLC grew its holdings in shares of ON Semiconductor by 9.2% during 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 period. Finally, Freestone Grove Partners LP purchased a new stake in shares of ON Semiconductor during the 4th quarter worth about $62,426,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Insider Activity

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the transaction, the chief executive officer directly owned 977,814 shares of the company's stock, valued at $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 available at the SEC website. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup decreased their target price on ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, August 5th. Truist Financial boosted their target price on ON Semiconductor from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Tuesday, August 5th. KeyCorp boosted 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. Loop Capital decreased their target price on ON Semiconductor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Roth Capital reiterated a "buy" rating and set a $70.00 target price (up previously from $50.00) on shares of ON Semiconductor in a report on Tuesday, June 17th. Twelve research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, ON Semiconductor has a consensus rating of "Hold" and a consensus target price of $56.84.

ON Semiconductor Stock Up 6.2%

NASDAQ ON opened at $51.85 on Friday. The stock has a market cap of $21.21 billion, a PE ratio of 48.46, a P/E/G ratio of 2.43 and a beta of 1.45. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $78.61. The business has a 50 day moving average price of $54.34 and a two-hundred day moving average price of $47.37. 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 (NASDAQ:ON - Get Free Report) last released its quarterly 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). 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 during 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 firm's 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. As a group, sell-side analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor Company 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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