Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 15,300 Shares of ON Semiconductor Corporation $ON

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in ON Semiconductor by 25.3%, selling 15,300 shares and now owning 45,114 shares valued at approximately $1.84 million.
• Analyst ratings on ON Semiconductor are mixed, with fifteen analysts rating it as a hold and twelve as a buy, resulting in a consensus target price of $56.84.
• CEO Hassane El-Khoury sold 15,000 shares for $768,300, representing a 1.51% decrease in his holdings, bringing his total ownership to approximately $50.08 million.

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 25.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,114 shares of the semiconductor company's stock after selling 15,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in ON Semiconductor were worth $1,836,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elequin Capital LP raised its stake in ON Semiconductor by 108.3% in the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 274 shares in the last quarter. Costello Asset Management INC acquired a new position in ON Semiconductor in the first quarter valued at about $26,000. Golden State Wealth Management LLC raised 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 purchasing an additional 320 shares in the last quarter. Quarry LP grew its position in ON Semiconductor by 7,766.7% in the fourth quarter. Quarry LP now owns 944 shares of the semiconductor company's stock valued at $60,000 after acquiring an additional 932 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in ON Semiconductor in the first quarter valued at about $41,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the transaction, the chief executive officer owned 977,814 shares in the company, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.31% of the company's stock.

ON Semiconductor Trading Up 6.8%

Shares of ON stock traded up $3.3280 during trading hours on Friday, reaching $52.1380. The company's stock had a trading volume of 5,965,393 shares, compared to its average volume of 9,958,494. 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 one year low of $31.04 and a one year high of $78.61. The stock has a market capitalization of $21.32 billion, a P/E ratio of 48.73, a P/E/G ratio of 2.46 and a beta of 1.45. The firm's fifty day simple moving average is $54.33 and its 200 day simple moving average is $47.36.

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 the consensus estimate of $0.54 by ($0.01). ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The company's revenue for the quarter 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. Equities research analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ON. TD Cowen reduced their price target on ON Semiconductor from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. B. Riley reiterated a "neutral" rating on shares of ON Semiconductor in a report on Tuesday, August 5th. Needham & Company LLC boosted their price target on ON Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Robert W. Baird dropped their price target on ON Semiconductor from $42.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Finally, KGI Securities began coverage on ON Semiconductor in a research report on Friday, May 23rd. They set a "neutral" rating on the stock. Twelve analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, ON Semiconductor currently has a consensus rating of "Hold" and an average target price of $56.84.

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.