ON Semiconductor Corporation $ON Shares Acquired by Swedbank AB

Swedbank AB increased its stake in ON Semiconductor Corporation (NASDAQ:ON) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,801 shares of the semiconductor company’s stock after purchasing an additional 37,113 shares during the quarter. Swedbank AB’s holdings in ON Semiconductor were worth $8,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Costello Asset Management INC bought a new position in shares of ON Semiconductor during the 1st quarter worth about $26,000. Golden State Wealth Management LLC raised its holdings 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 valued at $29,000 after buying an additional 320 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in ON Semiconductor in the 1st quarter worth approximately $41,000. MassMutual Private Wealth & Trust FSB raised its position in shares of ON Semiconductor by 69.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 518 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of ON Semiconductor by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after buying an additional 507 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction of $768,300.00. Following the completion of the transaction, the chief executive officer directly owned 977,814 shares in the company, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

ON Semiconductor Stock Down 1.5%

Shares of ON stock opened at $51.07 on Monday. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06. The stock has a market cap of $20.89 billion, a P/E ratio of 47.73, a P/E/G ratio of 2.54 and a beta of 1.48. 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 company has a 50 day simple moving average of $52.22 and a two-hundred day simple moving average of $47.26.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm’s quarterly revenue was down 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, research analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on ON shares. KeyCorp upped their price target on ON Semiconductor from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Cantor Fitzgerald initiated coverage on ON Semiconductor in a report on Wednesday, June 18th. They set a “neutral” rating and a $55.00 price objective for the company. B. Riley reaffirmed a “neutral” rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. Mizuho raised their target price on shares of ON Semiconductor from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, June 26th. Finally, UBS Group decreased their price objective on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $56.68.

About ON Semiconductor

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.