Allianz Asset Management GmbH Lowers Stock Holdings in ON Semiconductor Corporation $ON

Allianz Asset Management GmbH reduced its stake in ON Semiconductor Corporation (NASDAQ:ON) by 17.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ON. Baillie Gifford & Co. acquired a new stake in shares of ON Semiconductor in the first quarter valued at $219,001,000. Pacer Advisors Inc. raised its stake in shares of ON Semiconductor by 2,735.5% in the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock valued at $87,330,000 after acquiring an additional 2,070,529 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of ON Semiconductor by 26.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company’s stock valued at $203,462,000 after acquiring an additional 1,055,461 shares in the last quarter. Nuveen LLC acquired a new stake in shares of ON Semiconductor in the first quarter valued at $38,548,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of ON Semiconductor by 94.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company’s stock valued at $61,145,000 after acquiring an additional 728,177 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ON has been the topic of several analyst reports. UBS Group reduced their price objective on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 5th. Susquehanna reiterated a “positive” rating and issued a $65.00 price objective (down from $75.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Wells Fargo & Company cut their price target on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 5th. The Goldman Sachs Group started coverage on ON Semiconductor in a research note on Thursday, July 10th. They issued a “neutral” rating and a $60.00 price target on the stock. Finally, Mizuho raised their price target on ON Semiconductor from $60.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, June 26th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.68.

Insider Activity

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total transaction of $768,300.00. Following the transaction, the chief executive officer owned 977,814 shares of the company’s stock, valued at approximately $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

ON Semiconductor Stock Performance

Shares of ON stock opened at $51.78 on Friday. The stock’s 50-day moving average is $50.09 and its two-hundred day moving average is $48.58. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 48.39, a PEG ratio of 2.58 and a beta of 1.49. ON Semiconductor Corporation has a 1 year low of $31.04 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm 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 for the quarter was down 15.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Analysts predict 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.