ON Semiconductor Corporation $ON Shares Sold by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC trimmed its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 26.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,335 shares of the semiconductor company’s stock after selling 5,046 shares during the period. Clear Creek Financial Management LLC’s holdings in ON Semiconductor were worth $751,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Slow Capital Inc. grew its holdings in ON Semiconductor by 4.6% during the 2nd quarter. Slow Capital Inc. now owns 120,353 shares of the semiconductor company’s stock valued at $6,308,000 after purchasing an additional 5,241 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in ON Semiconductor by 5.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 145,200 shares of the semiconductor company’s stock valued at $7,610,000 after purchasing an additional 7,100 shares in the last quarter. Knights of Columbus Asset Advisors LLC acquired a new stake in ON Semiconductor during the 2nd quarter valued at $4,253,000. OLD National Bancorp IN acquired a new position in ON Semiconductor during the 2nd quarter worth $944,000. Finally, 111 Capital acquired a new position in ON Semiconductor during the 2nd quarter worth $390,000. 97.70% of the stock is owned by institutional investors and hedge funds.

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 dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Benchmark reissued a “buy” rating and set a $60.00 price objective (up from $50.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Susquehanna restated a “positive” rating and issued a $65.00 price target (down from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. KeyCorp raised their price target on shares of ON Semiconductor from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Rosenblatt Securities reduced their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 5th. Finally, Needham & Company LLC upped their target price on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.68.

ON Semiconductor Stock Down 8.5%

ON stock opened at $45.74 on Friday. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $76.06. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.49. The firm’s 50-day moving average is $49.46 and its two-hundred day moving average is $47.80. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON) 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). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor 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.