ON Semiconductor Corporation $ON Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,552 shares of the semiconductor company’s stock after selling 1,309 shares during the quarter. Moran Wealth Management LLC’s holdings in ON Semiconductor were worth $3,174,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ON. Baillie Gifford & Co. purchased a new position in shares of ON Semiconductor in the first quarter valued at approximately $219,001,000. Pacer Advisors Inc. raised its stake in ON Semiconductor by 2,735.5% in the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock valued at $87,330,000 after purchasing an additional 2,070,529 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in ON Semiconductor by 26.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company’s stock valued at $203,462,000 after purchasing an additional 1,055,461 shares in the last quarter. Nuveen LLC purchased a new position in ON Semiconductor in the 1st quarter valued at $38,548,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in ON Semiconductor by 94.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company’s stock worth $61,145,000 after purchasing an additional 728,177 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor Trading Up 1.7%

ON opened at $50.36 on Thursday. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $76.06. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $49.62 and a 200-day simple moving average of $47.94. The firm has a market cap of $20.60 billion, a P/E ratio of 47.07, a P/E/G ratio of 2.47 and a beta of 1.49.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company posted $0.96 EPS. ON Semiconductor’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. On average, equities analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Insider Activity at ON Semiconductor

In related 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ON. UBS Group dropped their price objective 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. Wells Fargo & Company dropped their price target on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, August 5th. Truist Financial increased their price target on ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a report on Tuesday, August 5th. Stifel Nicolaus boosted their price objective on ON Semiconductor from $42.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, July 18th. Finally, Bank of America dropped their target price on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock 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.