ON Semiconductor Corporation $ON Stock Position Reduced by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG significantly reduced its stake in ON Semiconductor by 94.3% during Q2, now holding just 5,927 shares valued at $311,000 after selling 97,185 shares.
• Analysts have set a consensus price target of $56.68 for ON Semiconductor, with varying ratings and targets from companies like Citigroup and JPMorgan, suggesting a general market caution.
• ON Semiconductor reported a loss in Q2 earnings, with EPS of $0.53, slightly missing analysts' expectations, while quarterly revenue decreased by 15.4% year-over-year.

J. Safra Sarasin Holding AG cut its stake in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 94.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,927 shares of the semiconductor company's stock after selling 97,185 shares during the period. J. Safra Sarasin Holding AG's holdings in ON Semiconductor were worth $311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in ON Semiconductor by 39.4% during the second quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company's stock valued at $7,328,000 after purchasing an additional 39,530 shares in the last quarter. United Services Automobile Association purchased a new position in ON Semiconductor during the first quarter valued at approximately $401,000. Golden State Wealth Management LLC grew its position in ON Semiconductor by 83.3% during 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. Avantax Advisory Services Inc. grew its position in ON Semiconductor by 4.8% during the first quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company's stock valued at $408,000 after purchasing an additional 463 shares in the last quarter. Finally, Empowered Funds LLC grew its position in ON Semiconductor by 29.0% in the first quarter. Empowered Funds LLC now owns 207,321 shares of the semiconductor company's stock worth $8,436,000 after acquiring an additional 46,551 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on ON shares. Citigroup decreased their target price on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, August 5th. Cantor Fitzgerald started coverage on shares of ON Semiconductor in a research report on Wednesday, June 18th. They issued a "neutral" rating and a $55.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Mizuho boosted their target price on shares of ON Semiconductor from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Finally, Wells Fargo & Company decreased 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 report on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $56.68.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 15,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were 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. This represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by insiders.

ON Semiconductor Price Performance

Shares of ON Semiconductor stock opened at $49.27 on Friday. The firm has a fifty day simple moving average of $50.33 and a 200-day simple moving average of $47.67. 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 1-year low of $31.04 and a 1-year high of $76.06. The stock has a market capitalization of $20.15 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 2.45 and a beta of 1.49.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued 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 return on equity of 15.33% and a net margin of 7.28%.The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. ON Semiconductor'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, sell-side analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

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.

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