Woodline Partners LP Makes New Investment in ON Semiconductor Corporation $ON

Key Points

• Woodline Partners LP has acquired a new position in ON Semiconductor Corporation, purchasing 233,584 shares valued at approximately $9.5 million.
• CEO Hassane El-Khoury sold 15,000 shares recently, decreasing his ownership by 1.51% and leaving him with approximately 977,814 shares valued at over $50 million.
• Analyst ratings for ON Semiconductor include a consensus target price of $56.68, with twelve analysts recommending a buy and fourteen a hold on the stock.

Woodline Partners LP bought a new position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 233,584 shares of the semiconductor company's stock, valued at approximately $9,505,000. Woodline Partners LP owned approximately 0.06% of ON Semiconductor as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in shares of ON Semiconductor by 29.0% in the 1st quarter. Empowered Funds LLC now owns 207,321 shares of the semiconductor company's stock worth $8,436,000 after purchasing an additional 46,551 shares during the period. MBB Public Markets I LLC bought a new stake in shares of ON Semiconductor in the 1st quarter worth approximately $296,000. United Services Automobile Association bought a new stake in shares of ON Semiconductor in the 1st quarter worth approximately $401,000. Great Lakes Advisors LLC raised its holdings in shares of ON Semiconductor by 2.1% in the 1st quarter. Great Lakes Advisors LLC now owns 368,701 shares of the semiconductor company's stock worth $14,967,000 after purchasing an additional 7,580 shares during the period. Finally, Voleon Capital Management LP bought a new stake in shares of ON Semiconductor in the 1st quarter worth approximately $265,000. Institutional investors own 97.70% of the company's stock.

Insider Activity at ON Semiconductor

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 value of $768,300.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Piper Sandler reaffirmed an "overweight" rating on shares of ON Semiconductor in a report on Monday, August 4th. Cantor Fitzgerald started coverage on shares of ON Semiconductor in a report on Wednesday, June 18th. They set a "neutral" rating and a $55.00 target price on the stock. Susquehanna reissued a "positive" rating and set a $65.00 target price (down previously from $75.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Needham & Company LLC boosted their target price on shares of ON Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a report on Monday, August 4th. Finally, The Goldman Sachs Group started coverage on shares of ON Semiconductor in a report on Thursday, July 10th. They set a "neutral" rating and a $60.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $56.68.

ON Semiconductor Stock Up 1.8%

ON opened at $49.02 on Friday. The company has a fifty day moving average price of $53.16 and a 200-day moving average price of $47.14. The firm has a market capitalization of $20.05 billion, a P/E ratio of 45.81, a price-to-earnings-growth ratio of 2.39 and a beta of 1.48. 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 one year low of $31.04 and a one year high of $76.06.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). The firm had revenue of $1.47 billion for 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 revenue for the quarter was down 15.4% on a year-over-year basis. 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. Equities research analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal 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.

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