ON Semiconductor Corporation $ON Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,552 shares of the semiconductor company’s stock after selling 1,309 shares during the quarter. Moran Wealth Management LLC’s holdings in ON Semiconductor were worth $3,174,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue increased its stake in shares of ON Semiconductor by 39.4% during the second quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock worth $7,328,000 after buying an additional 39,530 shares during the period. United Services Automobile Association acquired a new position in ON Semiconductor during the 1st quarter worth approximately $401,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of ON Semiconductor by 7.9% in the 2nd 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 raised its holdings in shares of ON Semiconductor by 83.3% in the 1st 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 in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of ON Semiconductor by 4.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company’s stock worth $408,000 after purchasing an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ON. Truist Financial raised their price target on ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Tuesday, August 5th. Stifel Nicolaus raised their target price on ON Semiconductor from $42.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, July 18th. Rosenblatt Securities lowered their price target on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price target on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Piper Sandler restated an “overweight” rating on shares of ON Semiconductor in a research report on Monday, August 4th. Twelve research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ON Semiconductor presently has an average rating of “Hold” and a consensus target price of $56.68.

Insider Buying and Selling

In other 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 value of $768,300.00. Following the completion of the sale, the chief executive officer directly owned 977,814 shares of the company’s stock, valued at approximately $50,083,633.08. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

ON Semiconductor Price Performance

Shares of NASDAQ ON opened at $50.36 on Thursday. The stock has a market cap of $20.60 billion, a P/E ratio of 47.07, a P/E/G ratio of 2.47 and a beta of 1.49. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06. The stock has a 50 day moving average of $49.62 and a two-hundred day moving average of $47.94. 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 announced its earnings results 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). The business had revenue of $1.47 billion for 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 business’s revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, research analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

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.