Chevy Chase Trust Holdings LLC Sells 289 Shares of ON Semiconductor Corporation $ON

Chevy Chase Trust Holdings LLC cut its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 221,287 shares of the semiconductor company’s stock after selling 289 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in ON Semiconductor were worth $11,598,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Costello Asset Management INC bought a new position in shares of ON Semiconductor in the first quarter valued at approximately $26,000. Golden State Wealth Management LLC grew its holdings in shares of ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of ON Semiconductor in the second quarter valued at approximately $29,000. Geneos Wealth Management Inc. grew its holdings in shares of ON Semiconductor by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 507 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of ON Semiconductor in the second quarter valued at approximately $57,000. 97.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by insiders.

ON Semiconductor Trading Down 0.8%

NASDAQ:ON opened at $52.53 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. ON Semiconductor Corporation has a 1 year low of $31.04 and a 1 year high of $76.06. The company has a market cap of $21.48 billion, a P/E ratio of 49.09, a P/E/G ratio of 2.61 and a beta of 1.49. The stock’s fifty day moving average price is $49.83 and its two-hundred day moving average price is $48.25.

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 analysts’ consensus estimates of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business posted $0.96 EPS. 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. As a group, analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ON. Bank of America reduced their price objective on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. The Goldman Sachs Group started coverage on ON Semiconductor in a research report on Thursday, July 10th. They set a “neutral” rating and a $60.00 target price on the stock. Susquehanna restated a “positive” rating and set a $65.00 target price (down previously from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Finally, B. Riley restated a “neutral” rating 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, ON Semiconductor presently has an average rating of “Hold” and a consensus price target of $56.68.

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.