Guinness Atkinson Asset Management Inc Has $655,000 Stake in ON Semiconductor Corporation $ON

Guinness Atkinson Asset Management Inc reduced its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 8.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,489 shares of the semiconductor company’s stock after selling 1,204 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in ON Semiconductor were worth $655,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its stake in shares of ON Semiconductor by 39.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock valued at $7,328,000 after buying an additional 39,530 shares during the period. United Services Automobile Association purchased a new stake in shares of ON Semiconductor during the first quarter worth $401,000. Mirae Asset Global Investments Co. Ltd. boosted its position in ON Semiconductor by 7.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock valued at $42,892,000 after purchasing an additional 60,050 shares during the last quarter. Golden State Wealth Management LLC boosted its position in ON Semiconductor by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in ON Semiconductor by 4.8% in the first quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company’s stock valued at $408,000 after purchasing an additional 463 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ON has been the subject of a number of recent research reports. UBS Group cut their price target on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 5th. Piper Sandler restated an “overweight” rating on shares of ON Semiconductor in a report on Monday, August 4th. B. Riley reaffirmed a “neutral” rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. Benchmark reiterated a “buy” rating and issued a $60.00 target price (up from $50.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Finally, Needham & Company LLC increased their price target on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.75.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction 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 transaction, the chief executive officer owned 977,814 shares in the company, valued at $50,083,633.08. This trade represents a 1.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is owned by company insiders.

ON Semiconductor Stock Down 2.1%

ON opened at $50.71 on Monday. The firm has a market cap of $20.74 billion, a P/E ratio of 47.39, a price-to-earnings-growth ratio of 2.52 and a beta of 1.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. The business has a 50 day moving average price of $50.08 and a 200 day moving average price of $48.90. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $1.45 billion. During the same quarter last year, the business earned $0.96 EPS. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Research 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.