Venturi Wealth Management LLC Has $314,000 Stake in ON Semiconductor Corporation $ON

Venturi Wealth Management LLC reduced its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 17.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,997 shares of the semiconductor company’s stock after selling 1,257 shares during the quarter. Venturi Wealth Management LLC’s holdings in ON Semiconductor were worth $314,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Costello Asset Management INC bought a new position in ON Semiconductor in the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC grew its stake in shares of ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 320 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in ON Semiconductor during the first quarter worth $41,000. Geneos Wealth Management Inc. raised its stake in ON Semiconductor by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 507 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in ON Semiconductor by 61.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,376 shares of the semiconductor company’s stock valued at $56,000 after purchasing an additional 526 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the sale, the chief executive officer directly owned 977,814 shares in the company, valued at $50,083,633.08. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Roth Capital reiterated a “buy” rating and issued a $70.00 target price (up previously from $50.00) on shares of ON Semiconductor in a research note on Tuesday, June 17th. 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. Citigroup decreased their target price on ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 5th. Piper Sandler restated an “overweight” rating on shares of ON Semiconductor in a research report on Monday, August 4th. Finally, Rosenblatt Securities lowered their price objective on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, ON Semiconductor presently has a consensus rating of “Hold” and an average target price of $56.68.

ON Semiconductor Stock Performance

ON opened at $45.74 on Friday. The stock’s 50 day simple moving average is $49.46 and its 200-day simple 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. The stock has a market cap of $18.71 billion, a PE ratio of 42.75, a P/E/G 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) last announced 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). ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company earned $0.96 earnings per share. The business’s revenue was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Sell-side analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current 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.