ON Semiconductor Corporation $ON Shares Purchased by Slow Capital Inc.

Key Points

• Slow Capital Inc. raised its holdings in ON Semiconductor by 4.6% to 120,353 shares, valued at approximately $6.31 million as of the latest SEC filing.
• Wall Street analysts remain optimistic, with 12 analysts giving ON a Buy rating and a consensus price target of $56.68, while KeyCorp raised their target to $65.00.
• CEO Hassane El-Khoury sold 15,000 shares worth $768,300, reducing his ownership by 1.51% but still holds shares valued at around $50 million.

Slow Capital Inc. raised its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,353 shares of the semiconductor company's stock after acquiring an additional 5,241 shares during the quarter. Slow Capital Inc.'s holdings in ON Semiconductor were worth $6,308,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Costello Asset Management INC purchased a new position in shares of ON Semiconductor in the first quarter valued at approximately $26,000. Golden State Wealth Management LLC increased its stake in ON Semiconductor by 83.3% during 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 period. Opal Wealth Advisors LLC acquired a new stake in ON Semiconductor during the 1st quarter worth approximately $41,000. Ameritas Advisory Services LLC purchased a new position in ON Semiconductor in the 2nd quarter valued at approximately $57,000. Finally, Ridgewood Investments LLC acquired a new position in shares of ON Semiconductor in the second quarter worth $68,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Wall Street Analysts Forecast Growth

ON has been the topic of several analyst reports. Needham & Company LLC increased their price objective on ON Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, August 4th. KeyCorp increased their price target on ON Semiconductor from $50.00 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. B. Riley reiterated a "neutral" rating on shares of ON Semiconductor in a research note on Tuesday, August 5th. Stifel Nicolaus upped their target price on shares of ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, July 18th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of ON Semiconductor in a report on Monday, August 4th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $56.68.

Insider Activity at ON Semiconductor

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

ON Semiconductor Stock Up 2.2%

Shares of NASDAQ:ON opened at $50.35 on Tuesday. The firm has a 50 day simple moving average of $50.16 and a 200-day simple moving average of $47.74. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06. 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 market capitalization of $20.59 billion, a PE ratio of 47.06, a P/E/G ratio of 2.45 and a beta of 1.49.

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 analysts' consensus estimates of $0.54 by ($0.01). ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period last year, the business earned $0.96 earnings per share. The company's quarterly 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, equities analysts predict that ON Semiconductor Corporation will post 2.6 EPS 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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