Nordea Investment Management AB Sells 403,790 Shares of ON Semiconductor Corporation $ON

Nordea Investment Management AB reduced its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 91.7% in the second quarter, Holdings Channel reports. The firm owned 36,590 shares of the semiconductor company’s stock after selling 403,790 shares during the period. Nordea Investment Management AB’s holdings in ON Semiconductor were worth $1,926,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ON. Janney Montgomery Scott LLC grew its position in ON Semiconductor by 43.2% during the first quarter. Janney Montgomery Scott LLC now owns 74,104 shares of the semiconductor company’s stock worth $3,015,000 after buying an additional 22,351 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of ON Semiconductor during the 1st quarter valued at about $503,000. Asset Management One Co. Ltd. boosted its position in shares of ON Semiconductor by 2.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 199,821 shares of the semiconductor company’s stock valued at $8,131,000 after acquiring an additional 5,107 shares during the last quarter. Moran Wealth Management LLC grew its holdings in shares of ON Semiconductor by 35.1% during the first quarter. Moran Wealth Management LLC now owns 61,861 shares of the semiconductor company’s stock worth $2,517,000 after purchasing an additional 16,064 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of ON Semiconductor by 1,384.4% in the first quarter. Spire Wealth Management now owns 32,894 shares of the semiconductor company’s stock worth $1,338,000 after purchasing an additional 30,678 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Stock Performance

ON Semiconductor stock opened at $51.93 on Thursday. The firm has a fifty day simple moving average of $50.08 and a two-hundred day simple moving average of $48.47. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06. The company has a market capitalization of $21.24 billion, a PE ratio of 48.53, a P/E/G ratio of 2.74 and a beta of 1.49.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business 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. Research analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Insider Buying and Selling

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 can be accessed through this hyperlink. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on ON. B. Riley reissued a “neutral” rating on shares of ON Semiconductor in a research note on Tuesday, August 5th. Truist Financial upped their target price on shares of ON Semiconductor from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of ON Semiconductor in a research note on Wednesday, October 8th. Citigroup dropped their price target on ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company reduced their price objective on ON Semiconductor from $65.00 to $62.00 and set an “overweight” 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ON Semiconductor presently has a consensus rating of “Hold” and a consensus target price 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.