Inspire Investing LLC Trims Stake in ON Semiconductor Corporation $ON

Inspire Investing LLC reduced its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 5.9% in the second quarter, Holdings Channel reports. The firm owned 45,990 shares of the semiconductor company’s stock after selling 2,865 shares during the period. Inspire Investing LLC’s holdings in ON Semiconductor were worth $2,410,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Aberdeen Group plc grew its position in shares of ON Semiconductor by 7.5% during the 2nd quarter. Aberdeen Group plc now owns 369,614 shares of the semiconductor company’s stock valued at $19,371,000 after purchasing an additional 25,775 shares in the last quarter. Callan Family Office LLC purchased a new position in shares of ON Semiconductor during the 2nd quarter valued at $573,000. Blair William & Co. IL purchased a new position in shares of ON Semiconductor during the 2nd quarter valued at $276,000. Slow Capital Inc. grew its position in shares of ON Semiconductor by 4.6% during the 2nd quarter. Slow Capital Inc. now owns 120,353 shares of the semiconductor company’s stock valued at $6,308,000 after purchasing an additional 5,241 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its holdings in shares of ON Semiconductor by 5.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 145,200 shares of the semiconductor company’s stock worth $7,610,000 after acquiring an additional 7,100 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total value of $768,300.00. Following the transaction, the chief executive officer owned 977,814 shares in the company, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

ON Semiconductor Price Performance

ON stock opened at $45.74 on Friday. The firm’s 50-day moving average price is $49.46 and its two-hundred day moving average price is $47.80. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $76.06. The stock has a market capitalization of $18.71 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 2.49 and a beta of 1.49. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON) last released 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 net margin of 7.28% and a return on equity of 15.33%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. ON Semiconductor’s revenue was down 15.4% compared to the same quarter last year. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, equities analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of ON Semiconductor from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Tuesday, August 5th. Cantor Fitzgerald assumed coverage on shares of ON Semiconductor in a report on Wednesday, June 18th. They set a “neutral” rating and a $55.00 price objective for the company. TD Cowen dropped their price objective on shares of ON Semiconductor from $68.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Bank of America dropped their price objective on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Finally, Mizuho boosted their price target on shares of ON Semiconductor from $60.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, June 26th. Twelve research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.68.

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.