Vident Advisory LLC Decreases Stake in ON Semiconductor Corporation $ON

Key Points

• Vident Advisory LLC sold 31,699 shares of ON Semiconductor, reducing its holdings by 72%, leaving it with 12,327 shares worth approximately $502,000.
• Analysts have mixed ratings for ON Semiconductor, with a consensus rating of "Hold" and an average target price of $56.68, while several firms recently adjusted their target prices on the stock.
• CEO Hassane El-Khoury sold 15,000 shares of the company's stock for $768,300, reducing his ownership by 1.51%, although he still holds around 977,814 shares.

Vident Advisory LLC decreased its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 72.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,327 shares of the semiconductor company's stock after selling 31,699 shares during the quarter. Vident Advisory LLC's holdings in ON Semiconductor were worth $502,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Elequin Capital LP increased its position in ON Semiconductor by 108.3% during the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after buying an additional 274 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in ON Semiconductor by 2.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,025 shares of the semiconductor company's stock valued at $530,000 after purchasing an additional 289 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in ON Semiconductor by 5.2% during the 1st quarter. Exencial Wealth Advisors LLC now owns 6,034 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 296 shares during the last quarter. Golden State Wealth Management LLC increased its stake in ON Semiconductor by 83.3% in 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 during the period. Finally, Avantax Advisory Services Inc. raised its holdings in shares of ON Semiconductor by 4.8% in the first quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company's stock valued at $408,000 after buying an additional 463 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Analysts Set New Price Targets

ON has been the topic of a number of research reports. Stifel Nicolaus raised their price target on ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, July 18th. UBS Group lowered their target price on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 5th. Truist Financial boosted their target price on ON Semiconductor from $43.00 to $49.00 and gave the company a "hold" rating in a report on Tuesday, August 5th. Piper Sandler reissued an "overweight" rating on shares of ON Semiconductor in a report on Monday, August 4th. Finally, Roth Capital reissued a "buy" rating and issued a $70.00 target price (up previously from $50.00) on shares of ON Semiconductor in a report on Tuesday, June 17th. Twelve investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $56.68.

Insider Activity at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the business'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 sale, the chief executive officer directly owned 977,814 shares in the company, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company's stock.

ON Semiconductor Stock Performance

Shares of NASDAQ:ON traded down $0.76 during trading on Friday, reaching $48.26. The company had a trading volume of 4,282,500 shares, compared to its average volume of 6,386,863. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $76.06. The firm has a market capitalization of $19.74 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 2.44 and a beta of 1.48. The stock's fifty day moving average price is $52.99 and its 200 day moving average price is $47.12.

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

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.