Paloma Partners Management Co Cuts Stake in ON Semiconductor Corporation $ON

Key Points

• Paloma Partners Management Co has decreased its stake in ON Semiconductor Corporation by 41.7%, selling 50,000 shares to hold a total of 70,000 shares valued at approximately $2.85 million.
• CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor for $768,300, reducing his ownership by 1.51%.
• ON Semiconductor reported Q2 earnings of $0.53 EPS, missing estimates slightly, with year-over-year revenue down 15.4%, while analysts anticipate 2.6 EPS for the current fiscal year.

Paloma Partners Management Co cut its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 41.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,000 shares of the semiconductor company's stock after selling 50,000 shares during the period. Paloma Partners Management Co's holdings in ON Semiconductor were worth $2,848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in ON Semiconductor by 9.2% in the fourth quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock valued at $780,387,000 after acquiring an additional 1,041,989 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in ON Semiconductor by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company's stock valued at $460,958,000 after acquiring an additional 110,735 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in ON Semiconductor in the first quarter valued at approximately $219,001,000. Allspring Global Investments Holdings LLC boosted its stake in ON Semiconductor by 26.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company's stock valued at $203,462,000 after acquiring an additional 1,055,461 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in ON Semiconductor by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company's stock valued at $103,525,000 after acquiring an additional 55,976 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 shares were 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company's stock.

ON Semiconductor Stock Performance

ON traded up $0.27 on Thursday, reaching $48.06. The stock had a trading volume of 6,393,183 shares, compared to its average volume of 9,837,243. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-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 business's 50-day moving average price is $53.83 and its two-hundred day moving average price is $47.35. The company has a market cap of $19.66 billion, a P/E ratio of 44.92, a price-to-earnings-growth ratio of 2.47 and a beta of 1.48.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its quarterly earnings data 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). 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 analysts' expectations of $1.45 billion. During the same period in the previous year, the firm posted $0.96 EPS. The firm'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. Sell-side analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Tuesday, August 5th. B. Riley reiterated a "neutral" rating on shares of ON Semiconductor in a research note on Tuesday, August 5th. Roth Capital reiterated a "buy" rating and set a $70.00 price objective (up from $50.00) on shares of ON Semiconductor in a research note on Tuesday, June 17th. Cantor Fitzgerald began coverage on shares of ON Semiconductor in a research note on Wednesday, June 18th. They set a "neutral" rating and a $55.00 price objective for the company. Finally, Truist Financial lifted their price objective on shares of ON Semiconductor from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $56.84.

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.