Villere ST Denis J & Co. LLC Has $19.06 Million Stock Position in ON Semiconductor Corporation $ON

Villere ST Denis J & Co. LLC cut its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 2.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 386,595 shares of the semiconductor company’s stock after selling 10,834 shares during the period. Villere ST Denis J & Co. LLC owned about 0.09% of ON Semiconductor worth $19,063,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ON. Private Trust Co. NA raised its holdings in ON Semiconductor by 72.8% during the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 220 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in ON Semiconductor during the second quarter worth $29,000. Deseret Mutual Benefit Administrators raised its position in ON Semiconductor by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 218 shares in the last quarter. Quent Capital LLC acquired a new stake in ON Semiconductor in the third quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of ON Semiconductor by 68.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the sale, the chief financial officer owned 379,448 shares in the company, valued at approximately $20,888,612.40. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

Key ON Semiconductor News

Here are the key news stories impacting ON Semiconductor this week:

• Positive Sentiment: Last reported quarter beat consensus — ON posted $0.63 EPS vs. $0.59 expected and revenue slightly topped estimates, showing execution on margins despite a tough revenue comparison. This beat supports bullish investor sentiment going into the next report.
• Positive Sentiment: Strong short-term liquidity and balance sheet — high quick ratio (~3.54), current ratio (~5.23) and modest debt-to-equity (~0.43) reduce funding risk and make the company better positioned to invest in growth or weather semiconductor cycle volatility.
• Neutral Sentiment: Upcoming earnings event — the stock is being priced with expectations ahead of a projected earnings release (investors often trade on anticipation). Results could swing the price in either direction depending on guidance and demand commentary. ON Semiconductor Projected to Post Earnings
• Neutral Sentiment: Technical/support levels — the stock is trading above its 50-day and 200-day moving averages (50-day ~$56.77, 200-day ~$52.87) and near its 52?week high, which can attract momentum buyers but also concentrates risk if momentum reverses.
• Negative Sentiment: Revenue weakness and margin pressure — latest quarter revenue declined ~12% year-over-year and net margin remains modest (~5.16%), underscoring cyclical demand risks that could prompt downside if management’s outlook is cautious.
• Negative Sentiment: Rich valuation vs. recent results — a high trailing P/E (~79.9) and PEG (~2.6) imply the market is pricing strong growth; any signs of slowing demand or conservative guidance could trigger a notable pullback. Lower-than-average traded volume today suggests the move may not have broad conviction.

ON Semiconductor Price Performance

Shares of NASDAQ ON opened at $61.49 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $66.86. The stock has a market capitalization of $24.74 billion, a PE ratio of 79.86, a P/E/G ratio of 2.60 and a beta of 1.55. The business has a fifty day moving average price of $57.06 and a two-hundred day moving average price of $52.89.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. ON Semiconductor’s revenue was down 12.0% compared to the same quarter last year. As a group, equities analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 32.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ON. Morgan Stanley boosted their price target on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. Robert W. Baird increased their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Bank of America lifted their target price on shares of ON Semiconductor from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Stifel Nicolaus increased their price target on shares of ON Semiconductor from $50.00 to $60.00 and gave the company a “hold” rating in a report on Friday, January 16th. Finally, B. Riley boosted their price objective on ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Thirteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.30.

About ON Semiconductor

ON Semiconductor, which operates under the onsemi brand, is a global supplier of semiconductor components and related solutions. The company designs, manufactures and sells a broad portfolio that includes power and analog devices, discrete components, sensors and custom mixed-signal products. Its offerings are used to manage, convert and sense electrical power and signals across a wide range of electronic systems.

ON Semiconductor serves customers in key end markets such as automotive, industrial, cloud power and communications, as well as consumer and computing applications.