ON Semiconductor Corporation $ON Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH cut its stake in ON Semiconductor Corporation (NASDAQ:ON) by 17.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,606 shares of the semiconductor company’s stock after selling 19,528 shares during the period. Allianz Asset Management GmbH’s holdings in ON Semiconductor were worth $4,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Generali Asset Management SPA SGR purchased a new stake in shares of ON Semiconductor in the second quarter valued at approximately $1,522,000. Bayforest Capital Ltd grew its position in shares of ON Semiconductor by 7.2% in the second quarter. Bayforest Capital Ltd now owns 14,088 shares of the semiconductor company’s stock valued at $738,000 after purchasing an additional 949 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of ON Semiconductor by 68.9% in the second quarter. Sequoia Financial Advisors LLC now owns 10,672 shares of the semiconductor company’s stock valued at $559,000 after purchasing an additional 4,354 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of ON Semiconductor by 15.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,835,332 shares of the semiconductor company’s stock valued at $312,774,000 after purchasing an additional 774,087 shares in the last quarter. Finally, CWM LLC grew its position in shares of ON Semiconductor by 50.7% in the second quarter. CWM LLC now owns 12,972 shares of the semiconductor company’s stock valued at $680,000 after purchasing an additional 4,366 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of the firm’s stock in a transaction 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 $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Benchmark restated a “buy” rating and issued a $60.00 price target (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. The Goldman Sachs Group assumed coverage on ON Semiconductor in a research report on Thursday, July 10th. They issued a “neutral” rating and a $60.00 price target for the company. Mizuho increased their price objective on ON Semiconductor from $60.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, June 26th. Rosenblatt Securities lowered their price objective on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 5th. Finally, Susquehanna reiterated a “positive” rating and issued a $65.00 price objective (down from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.68.

ON Semiconductor Trading Down 0.3%

ON opened at $51.78 on Friday. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $76.06. The business has a fifty day simple moving average of $50.09 and a 200-day simple moving average of $48.58. The firm has a market cap of $21.18 billion, a P/E ratio of 48.39, a P/E/G ratio of 2.58 and a beta of 1.49. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON) last released 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 return on equity of 15.33% and a net margin of 7.28%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The company’s quarterly revenue was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, equities analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share 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.