Swedbank AB Reduces Stock Holdings in ON Semiconductor Corporation $ON

Key Points

• Swedbank AB significantly reduced its holdings in ON Semiconductor by 80.3%, selling 521,937 shares and retaining a stake valued at approximately $5.2 million as of the latest SEC filing.
• CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor at an average price of $51.22, decreasing his total ownership by 1.51% to approximately 977,814 shares.
• ON Semiconductor recently reported $1.47 billion in revenue for the quarter, missing earnings estimates with an EPS of $0.53, and set a Q3 guidance between $0.540 to $0.640 EPS.

Swedbank AB cut its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 80.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,688 shares of the semiconductor company's stock after selling 521,937 shares during the period. Swedbank AB's holdings in ON Semiconductor were worth $5,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC lifted 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 valued at $29,000 after acquiring an additional 320 shares during the period. Avantax Advisory Services Inc. lifted its stake in ON Semiconductor by 4.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company's stock valued at $408,000 after acquiring an additional 463 shares during the period. United Services Automobile Association acquired a new stake in ON Semiconductor during the 1st quarter valued at approximately $401,000. Empowered Funds LLC lifted its stake in ON Semiconductor by 29.0% during the 1st quarter. Empowered Funds LLC now owns 207,321 shares of the semiconductor company's stock valued at $8,436,000 after acquiring an additional 46,551 shares during the period. Finally, Woodline Partners LP acquired a new stake in ON Semiconductor during the 1st quarter valued at approximately $9,505,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

ON Semiconductor Trading Down 1.5%

NASDAQ ON traded down $0.76 during trading hours on Friday, reaching $51.07. The company had a trading volume of 18,144,519 shares, compared to its average volume of 6,668,449. The stock has a 50-day moving average of $52.22 and a 200 day moving average of $47.23. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year 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 stock has a market capitalization of $20.89 billion, a P/E ratio of 47.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.48.

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). The company 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%. The company's quarterly revenue was down 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, research analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler restated an "overweight" rating on shares of ON Semiconductor in a research note on Monday, August 4th. UBS Group cut their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, August 5th. B. Riley reaffirmed a "neutral" rating on shares of ON Semiconductor in a report on Tuesday, August 5th. Needham & Company LLC boosted their price target on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, Citigroup cut their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.