Villere ST Denis J & Co. LLC Has $20.83 Million Position in ON Semiconductor Corporation $ON

Key Points

• Villere ST Denis J & Co. LLC reduced its position in ON Semiconductor by 2.3%, now holding shares valued at approximately $20.83 million.
• CEO Hassane El-Khoury sold 15,000 shares for a total of $768,300, decreasing his ownership by 1.51%.
• ON Semiconductor's stock has dropped 8.5%, with recent quarterly earnings missing analyst expectations, reporting $0.53 earnings per share.

Villere ST Denis J & Co. LLC reduced its holdings in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 397,429 shares of the semiconductor company's stock after selling 9,388 shares during the quarter. ON Semiconductor comprises 2.0% of Villere ST Denis J & Co. LLC's portfolio, making the stock its 29th biggest holding. Villere ST Denis J & Co. LLC owned approximately 0.10% of ON Semiconductor worth $20,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ON. Costello Asset Management INC acquired a new stake in shares of ON Semiconductor in the first quarter valued at about $26,000. 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 worth $29,000 after buying an additional 320 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in ON Semiconductor during the first quarter worth about $41,000. Geneos Wealth Management Inc. grew its position in ON Semiconductor by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company's stock worth $54,000 after buying an additional 507 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in ON Semiconductor by 61.9% during the first quarter. Rakuten Securities Inc. now owns 1,376 shares of the semiconductor company's stock worth $56,000 after buying an additional 526 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction, the chief executive officer owned 977,814 shares in the company, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.31% of the company's stock.

ON Semiconductor Stock Down 8.5%

NASDAQ ON opened at $45.74 on Friday. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The stock's 50 day moving average is $49.46 and its two-hundred day moving average is $47.80. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 2.49 and a beta of 1.49. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $76.06.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released 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). The company had revenue of $1.47 billion for 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 firm's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Equities analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ON shares. Susquehanna reissued a "positive" rating and set a $65.00 target price (down from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. TD Cowen decreased their target price on ON Semiconductor from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Stifel Nicolaus lifted their target price on ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, July 18th. Bank of America decreased their target price on ON Semiconductor from $56.00 to $52.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. Finally, KeyCorp lifted their target price on ON Semiconductor from $50.00 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Twelve analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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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