Guinness Asset Management LTD Trims Stake in ON Semiconductor Corporation $ON

Guinness Asset Management LTD lowered its position in ON Semiconductor Corporation (NASDAQ:ON) by 20.2% in the 2nd quarter, Holdings Channel reports. The fund owned 164,946 shares of the semiconductor company’s stock after selling 41,755 shares during the quarter. Guinness Asset Management LTD’s holdings in ON Semiconductor were worth $8,649,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Moody National Bank Trust Division raised its holdings in ON Semiconductor by 1.5% in the second quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock worth $598,000 after purchasing an additional 169 shares in the last quarter. Freedom Investment Management Inc. grew its position in shares of ON Semiconductor by 2.6% in the 2nd quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock worth $412,000 after buying an additional 196 shares during the period. Sowell Financial Services LLC grew its position in shares of ON Semiconductor by 4.1% in the 2nd quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock worth $297,000 after buying an additional 223 shares during the period. Applied Finance Capital Management LLC increased its stake in shares of ON Semiconductor by 2.2% in the 2nd quarter. Applied Finance Capital Management LLC now owns 10,668 shares of the semiconductor company’s stock worth $559,000 after acquiring an additional 225 shares in the last quarter. Finally, Journey Advisory Group LLC lifted its position in ON Semiconductor by 3.9% during the 2nd quarter. Journey Advisory Group LLC now owns 7,645 shares of the semiconductor company’s stock valued at $401,000 after acquiring an additional 287 shares during the period. 97.70% of the stock is currently owned by institutional investors.

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 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 transaction, the chief executive officer owned 977,814 shares in the company, valued at approximately $50,083,633.08. This represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

ON has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $60.00 target price (up previously from $50.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Piper Sandler restated an “overweight” rating on shares of ON Semiconductor in a research note on Monday, August 4th. The Goldman Sachs Group initiated coverage on ON Semiconductor in a research note on Thursday, July 10th. They set a “neutral” rating and a $60.00 price objective for the company. Stifel Nicolaus boosted their target price on ON Semiconductor from $42.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, July 18th. Finally, TD Cowen cut their target price on ON Semiconductor from $68.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, ON Semiconductor has a consensus rating of “Hold” and an average target price of $56.75.

ON Semiconductor Stock Performance

Shares of ON opened at $50.71 on Monday. The company has a market cap of $20.74 billion, a price-to-earnings ratio of 47.39, a P/E/G ratio of 2.52 and a beta of 1.49. The business’s fifty day simple moving average is $50.08 and its two-hundred day simple moving average is $48.90. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06. 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 posted its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Research analysts anticipate 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.