Advisors Asset Management Inc. Sells 6,131 Shares of ON Semiconductor Corporation $ON

Key Points

• Advisors Asset Management Inc. reduced its stake in ON Semiconductor by 44.0%, selling 6,131 shares and leaving it with 7,794 shares valued at approximately $317,000 as of its latest SEC filing.
• ON Semiconductor reported $0.53 earnings per share for the most recent quarter, missing estimates, while its quarterly revenue of $1.47 billion was slightly above expectations, but overall revenue was down 15.4% year-over-year.
• Research analysts have recently adjusted their price targets, with some downgrading their outlook, reflecting a mixed sentiment about the stock, which has an average rating of "Hold" and a consensus price target of $56.68.

Advisors Asset Management Inc. lowered its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 44.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,794 shares of the semiconductor company's stock after selling 6,131 shares during the quarter. Advisors Asset Management Inc.'s holdings in ON Semiconductor were worth $317,000 as of its most recent SEC filing.

Several other large 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 worth about $219,001,000. Pacer Advisors Inc. increased its holdings in ON Semiconductor by 2,735.5% in the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock worth $87,330,000 after acquiring an additional 2,070,529 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in ON Semiconductor by 26.3% in 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 acquiring an additional 1,055,461 shares during the last quarter. Nuveen LLC purchased a new stake in ON Semiconductor in the 1st quarter worth about $38,548,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in ON Semiconductor by 94.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company's stock valued at $61,145,000 after buying an additional 728,177 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Wall Street Analyst Weigh In

ON has been the subject of a number of recent analyst reports. Bank of America reduced their target price on ON Semiconductor from $56.00 to $52.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Citigroup reduced 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. Susquehanna reaffirmed a "positive" rating and set a $65.00 target price (down previously from $75.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Stifel Nicolaus lifted their target price on ON Semiconductor from $42.00 to $50.00 and gave the company a "hold" rating in a report 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 fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $56.68.

Insiders Place Their Bets

In related news, CEO Hassane El-Khoury sold 15,000 shares of the business'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 completion of the sale, the chief executive officer owned 977,814 shares in the company, valued at $50,083,633.08. The trade was a 1.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.31% of the stock is owned by insiders.

ON Semiconductor Price Performance

ON traded down $0.76 on Friday, reaching $48.26. The company had a trading volume of 4,282,500 shares, compared to its average volume of 6,386,863. The business has a 50 day simple moving average of $52.99 and a 200 day simple moving average of $47.09. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 45.10, a P/E/G ratio of 2.44 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $76.06.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its 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). The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The company's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, sell-side analysts anticipate 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.