ASR Vermogensbeheer N.V. Cuts Stock Position in ON Semiconductor Corporation $ON

ASR Vermogensbeheer N.V. lessened its position in ON Semiconductor Corporation (NASDAQ:ON) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,831 shares of the semiconductor company’s stock after selling 299 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in ON Semiconductor were worth $3,607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new stake in ON Semiconductor during the 1st quarter worth approximately $219,001,000. Pacer Advisors Inc. increased its stake in ON Semiconductor by 2,735.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock worth $87,330,000 after buying an additional 2,070,529 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of ON Semiconductor by 26.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company’s stock worth $203,462,000 after acquiring an additional 1,055,461 shares during the period. Nuveen LLC purchased a new stake in shares of ON Semiconductor during the first quarter worth $38,548,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of ON Semiconductor by 94.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company’s stock worth $61,145,000 after acquiring an additional 728,177 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor Trading Up 1.1%

NASDAQ ON opened at $49.27 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’s fifty day moving average price is $50.33 and its 200 day moving average price is $47.64. The company has a market capitalization of $20.15 billion, a price-to-earnings ratio of 46.05, a price-to-earnings-growth ratio of 2.43 and a beta of 1.49. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The company’s quarterly revenue was down 15.4% on a year-over-year basis. During the same period last year, the business earned $0.96 earnings per share. 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ON shares. UBS Group cut their price target on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, August 5th. Rosenblatt Securities cut their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 5th. Stifel Nicolaus upped their target price on shares of ON Semiconductor from $42.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, July 18th. Needham & Company LLC upped their target price on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, TD Cowen dropped their price objective on shares of ON Semiconductor from $68.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.68.

Insider Transactions at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 15,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 977,814 shares in the company, valued at $50,083,633.08. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

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.