ON Semiconductor Corporation $ON Stake Trimmed by Guinness Asset Management LTD

Key Points

• Guinness Asset Management LTD reduced its stake in ON Semiconductor by 21.6%, selling 57,032 shares during the first quarter, leaving it with 206,701 shares valued at $8.41 million.
• Recent analyst ratings indicate a consensus "Hold" for ON Semiconductor, with target prices ranging from $50.00 to $70.00.
• ON Semiconductor reported earnings per share of $0.53, slightly missing analyst estimates, with revenue of $1.47 billion for the quarter, reflecting a 15.4% year-over-year decline.

Guinness Asset Management LTD lessened its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 21.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,701 shares of the semiconductor company's stock after selling 57,032 shares during the quarter. Guinness Asset Management LTD's holdings in ON Semiconductor were worth $8,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in ON Semiconductor during the 1st quarter valued at about $26,000. Golden State Wealth Management LLC grew 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 in the last quarter. Elequin Capital LP grew its stake in 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 acquiring an additional 274 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in ON Semiconductor during the 1st quarter valued at about $41,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in ON Semiconductor by 69.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company's stock valued at $51,000 after acquiring an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ON shares. Cantor Fitzgerald started coverage on ON Semiconductor in a research note on Wednesday, June 18th. They set a "neutral" rating and a $55.00 target price on the stock. Benchmark reissued a "buy" rating and issued a $60.00 price target (up previously from $50.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Roth Capital reissued a "buy" rating and issued a $70.00 price target (up previously from $50.00) on shares of ON Semiconductor in a research note on Tuesday, June 17th. Stifel Nicolaus boosted their price target on ON Semiconductor from $42.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Finally, Rosenblatt Securities lowered their price target on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $56.68.

ON Semiconductor Stock Up 1.8%

Shares of ON stock opened at $49.02 on Friday. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06. The firm has a market cap of $20.05 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 2.39 and a beta of 1.48. The stock has a 50 day moving average of $53.16 and a 200-day moving average of $47.14. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its quarterly 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). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last 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. On average, equities analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Insider Activity at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of the company'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 transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is currently owned by company 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.

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