Hartford Investment Management Co. Reduces Stake in ON Semiconductor Corporation $ON

Hartford Investment Management Co. trimmed its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,307 shares of the semiconductor company’s stock after selling 374 shares during the quarter. Hartford Investment Management Co.’s holdings in ON Semiconductor were worth $1,326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Costello Asset Management INC acquired a new position in shares of ON Semiconductor in the 1st quarter valued at $26,000. Golden State Wealth Management LLC lifted its position in 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 acquiring an additional 320 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in ON Semiconductor in the first quarter valued at $41,000. MassMutual Private Wealth & Trust FSB boosted its stake in ON Semiconductor by 69.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 518 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 507 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

ON Semiconductor Stock Performance

NASDAQ:ON opened at $50.16 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 46.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.48. The firm’s fifty day moving average price is $51.32 and its 200 day moving average price is $47.47. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $76.06.

ON Semiconductor (NASDAQ:ON) last released its 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). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates 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 was down 15.4% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, sell-side analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor 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 sale, the chief executive officer owned 977,814 shares of the company’s stock, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

ON has been the subject of a number of research analyst reports. Mizuho upped their target price on ON Semiconductor from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, June 26th. TD Cowen decreased their price objective on ON Semiconductor from $68.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Stifel Nicolaus lifted their target price on shares of ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a report on Friday, July 18th. Truist Financial upped their price target on shares of ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Tuesday, August 5th. Finally, Susquehanna reissued a “positive” rating and set a $65.00 price objective (down from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, ON Semiconductor currently has a consensus rating of “Hold” and a consensus price target of $56.68.

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.