Stock Traders Buy High Volume of ON Semiconductor Put Options (NASDAQ:ON)

ON Semiconductor Corporation (NASDAQ:ON) was the target of unusually large options trading activity on Monday. Traders acquired 24,591 put options on the stock. This is an increase of approximately 53% compared to the typical volume of 16,022 put options.

Insiders Place Their Bets

In related news, CEO Hassane El-Khoury sold 15,000 shares of the company’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 completion of the sale, the chief executive officer owned 977,814 shares of the company’s stock, valued at $50,083,633.08. This 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 through the SEC website. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On ON Semiconductor

Several large investors have recently made changes to their positions in ON. Teacher Retirement System of Texas grew its stake in shares of ON Semiconductor by 1,453.0% in the 1st quarter. Teacher Retirement System of Texas now owns 62,274 shares of the semiconductor company’s stock valued at $2,534,000 after buying an additional 58,264 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of ON Semiconductor by 10.9% in the 1st quarter. IFM Investors Pty Ltd now owns 85,542 shares of the semiconductor company’s stock valued at $3,481,000 after buying an additional 8,404 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of ON Semiconductor by 295.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,475 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 1,102 shares in the last quarter. Simmons Bank grew its stake in shares of ON Semiconductor by 89.0% in the 1st quarter. Simmons Bank now owns 39,357 shares of the semiconductor company’s stock valued at $1,601,000 after buying an additional 18,529 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of ON Semiconductor by 39.7% in the 1st quarter. Penserra Capital Management LLC now owns 242,668 shares of the semiconductor company’s stock valued at $9,872,000 after buying an additional 68,991 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Stock Up 0.8%

Shares of NASDAQ ON traded up $0.38 during mid-day trading on Monday, reaching $50.46. The company had a trading volume of 18,057,457 shares, compared to its average volume of 9,610,162. The stock has a fifty day moving average of $50.21 and a two-hundred day moving average of $49.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 2.58 and a beta of 1.49. ON Semiconductor has a 12-month low of $31.04 and a 12-month high of $74.52.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm’s revenue was down 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, equities research analysts expect that ON Semiconductor will post 2.6 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on ON. Stifel Nicolaus boosted their price objective on ON Semiconductor from $42.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, July 18th. Benchmark restated a “buy” rating and set a $60.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. The Goldman Sachs Group began coverage on ON Semiconductor in a report on Thursday, July 10th. They set a “neutral” rating and a $60.00 price objective on the stock. Wells Fargo & Company cut their price objective on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, August 5th. Finally, Citigroup cut their price objective on ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating on the stock in a 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.96.

ON Semiconductor Company 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.