Sentry Investment Management LLC Lowers Position in ON Semiconductor Corporation $ON

Sentry Investment Management LLC cut its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 86.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,016 shares of the semiconductor company's stock after selling 6,385 shares during the period. Sentry Investment Management LLC's holdings in ON Semiconductor were worth $59,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ON. Baillie Gifford & Co. purchased a new stake in ON Semiconductor in the first quarter worth about $219,001,000. Pacer Advisors Inc. lifted its holdings in shares of ON Semiconductor by 2,735.5% during the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock valued at $87,330,000 after purchasing an additional 2,070,529 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of ON Semiconductor by 26.3% during 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 purchasing an additional 1,055,461 shares during the last quarter. Nuveen LLC purchased a new position in shares of ON Semiconductor during the first quarter valued at approximately $38,548,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of ON Semiconductor by 94.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company's stock valued at $61,145,000 after purchasing an additional 728,177 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor Price Performance

Shares of ON opened at $52.53 on Monday. The company has a market capitalization of $21.48 billion, a P/E ratio of 49.09, a price-to-earnings-growth ratio of 2.61 and a beta of 1.49. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $49.83 and a 200 day moving average of $48.25. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced 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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. ON Semiconductor's revenue was down 15.4% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, equities research analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ON shares. Stifel Nicolaus lifted their target price on shares of ON Semiconductor from $42.00 to $50.00 and gave the company a "hold" rating in a report on Friday, July 18th. Bank of America lowered their target price on shares of ON Semiconductor from $56.00 to $52.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Weiss Ratings reiterated a "hold (c-)" rating on shares of ON Semiconductor in a report on Wednesday, October 8th. Benchmark reiterated a "buy" rating and set a $60.00 target price (up from $50.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group began coverage on shares of ON Semiconductor in a report on Thursday, July 10th. They set a "neutral" rating and a $60.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.

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