ON Semiconductor Corporation $ON Position Reduced by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in ON Semiconductor by 1.5%, holding approximately 3.73 million shares valued at $151.85 million after selling 55,903 shares in Q1.
• CEO Hassane El-Khoury sold 15,000 shares at $51.22 each, resulting in a total transaction of $768,300, decreasing his ownership by 1.51%.
• ON Semiconductor reported Q2 earnings of $0.53 per share, missing estimates, while quarterly revenue was $1.47 billion, slightly exceeding predictions though down 15.4% year-over-year.

Northern Trust Corp reduced its stake in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,731,926 shares of the semiconductor company's stock after selling 55,903 shares during the period. Northern Trust Corp owned 0.89% of ON Semiconductor worth $151,852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ON. Elequin Capital LP raised its position in shares of ON Semiconductor by 108.3% during the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock valued at $33,000 after buying an additional 274 shares during the period. Costello Asset Management INC purchased a new stake in shares of ON Semiconductor during the 1st quarter valued at approximately $26,000. Golden State Wealth Management LLC raised its position in shares of ON Semiconductor by 83.3% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock valued at $29,000 after buying an additional 320 shares during the period. Quarry LP raised its position in shares of ON Semiconductor by 7,766.7% during the 4th quarter. Quarry LP now owns 944 shares of the semiconductor company's stock valued at $60,000 after buying an additional 932 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of ON Semiconductor during the 1st quarter valued at approximately $41,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

ON Semiconductor Stock Down 0.4%

ON Semiconductor stock traded down $0.21 during midday trading on Wednesday, hitting $50.78. The stock had a trading volume of 3,007,937 shares, compared to its average volume of 9,886,956. 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 stock has a market cap of $20.77 billion, a P/E ratio of 47.43, a P/E/G ratio of 2.54 and a beta of 1.45. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $78.61. The business has a fifty day moving average price of $54.25 and a 200 day moving average price of $47.33.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The firm's quarterly 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. Research analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. 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 research report on Tuesday, August 5th. Truist Financial boosted their target price on ON Semiconductor from $43.00 to $49.00 and gave the company a "hold" rating in a research report on Tuesday, August 5th. Stifel Nicolaus boosted their target price on ON Semiconductor from $42.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, July 18th. Mizuho boosted their target price on ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, June 26th. Finally, JPMorgan Chase & Co. boosted their target price on ON Semiconductor from $48.00 to $56.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $56.84.

Insider Buying and Selling

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor 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 transaction, the chief executive officer directly owned 977,814 shares in the company, valued at $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by insiders.

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.