Swedbank AB Boosts Holdings in ON Semiconductor Corporation $ON

Key Points

• Swedbank AB increased its stake in ON Semiconductor Corporation by 29.1%, owning 164,801 shares valued at approximately $8.64 million following additional purchases.
• ON Semiconductor's CEO Hassane El-Khoury sold 15,000 shares of stock, decreasing his ownership by 1.51%, while continuing to own shares worth over $50 million.
• The company reported a net margin of 7.28% and quarterly revenue of $1.47 billion, which was down 15.4% year-over-year, while missing analysts' EPS estimates slightly.

Swedbank AB grew its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 29.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 164,801 shares of the semiconductor company's stock after purchasing an additional 37,113 shares during the quarter. Swedbank AB's holdings in ON Semiconductor were worth $8,637,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of ON Semiconductor by 2.3% during 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 period. Exencial Wealth Advisors LLC raised its position in ON Semiconductor by 5.2% in the 1st quarter. Exencial Wealth Advisors LLC now owns 6,034 shares of the semiconductor company's stock valued at $246,000 after purchasing an additional 296 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in 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 acquiring an additional 320 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings 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 worth $408,000 after acquiring an additional 463 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in ON Semiconductor by 2.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 18,315 shares of the semiconductor company's stock worth $745,000 after acquiring an additional 469 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

ON Semiconductor Trading Up 0.8%

NASDAQ:ON traded up $0.43 on Monday, reaching $51.50. The company's stock had a trading volume of 6,139,902 shares, compared to its average volume of 7,088,791. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. The firm has a market cap of $21.06 billion, a PE ratio of 48.13, a PEG ratio of 2.54 and a beta of 1.48. The business's 50-day moving average price is $52.06 and its two-hundred day moving average price is $47.30. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $76.06.

ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its earnings results on Monday, August 4th. The semiconductor company reported $0.53 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 analyst estimates of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. ON Semiconductor's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Equities research analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ON. UBS Group reduced their price objective 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. Susquehanna reiterated a "positive" rating and issued a $65.00 price objective (down previously from $75.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. The Goldman Sachs Group began coverage on shares of ON Semiconductor in a report on Thursday, July 10th. They issued a "neutral" rating and a $60.00 price objective on the stock. Mizuho lifted their price objective on ON Semiconductor from $60.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, June 26th. Finally, Citigroup reduced their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $56.68.

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.