Prudential PLC Decreases Holdings in ON Semiconductor Corporation $ON

Key Points

• Prudential PLC significantly reduced its stake in ON Semiconductor Corporation, selling 44,209 shares and holding 7,845 shares, with a value of approximately $319,000.
• CEO Hassane El-Khoury sold 15,000 shares of the company at an average price of $51.22, decreasing his ownership stake by 1.51%.
• ON Semiconductor reported $0.53 EPS for the latest quarter, missing the consensus estimate by $0.01, while also experiencing a 15.4% year-over-year decline in revenue.

Prudential PLC lessened its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 84.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,845 shares of the semiconductor company's stock after selling 44,209 shares during the period. Prudential PLC's holdings in ON Semiconductor were worth $319,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ON. NewEdge Advisors LLC increased its position in ON Semiconductor by 1.2% in the 4th quarter. NewEdge Advisors LLC now owns 26,552 shares of the semiconductor company's stock valued at $1,674,000 after acquiring an additional 312 shares during the period. Canada Pension Plan Investment Board increased its position in ON Semiconductor by 4.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 117,463 shares of the semiconductor company's stock valued at $7,406,000 after acquiring an additional 5,271 shares during the period. CANADA LIFE ASSURANCE Co increased its position in ON Semiconductor by 9.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 332,211 shares of the semiconductor company's stock valued at $20,937,000 after acquiring an additional 28,591 shares during the period. Capital International Sarl increased its position in ON Semiconductor by 7.7% in the 4th quarter. Capital International Sarl now owns 128,893 shares of the semiconductor company's stock valued at $8,127,000 after acquiring an additional 9,213 shares during the period. Finally, Capital International Investors boosted its holdings in ON Semiconductor by 0.7% in the 4th quarter. Capital International Investors now owns 4,214,441 shares of the semiconductor company's stock valued at $265,737,000 after purchasing an additional 31,365 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Wall Street Analyst Weigh In

ON has been the topic of a number of analyst reports. Bank of America reaffirmed a "neutral" rating and issued a $56.00 price objective (down previously from $70.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Rosenblatt Securities lowered their price objective on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Stifel Nicolaus lifted their price objective on ON Semiconductor from $42.00 to $50.00 and gave the company a "hold" rating in a report on Friday, July 18th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of ON Semiconductor in a report on Monday, August 4th. Twelve analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $56.84.

ON Semiconductor Trading Down 0.6%

ON traded down $0.2980 during trading on Thursday, hitting $49.1720. The company's stock had a trading volume of 2,226,872 shares, compared to its average volume of 9,968,614. The firm's 50 day moving average price is $54.41 and its 200-day moving average price is $47.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. The stock has a market cap of $20.11 billion, a PE ratio of 45.97, a PEG ratio of 2.48 and a beta of 1.45. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $78.61.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its quarterly earnings results 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). The business 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 revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share 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 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 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 position. The transaction was disclosed in a 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.