DekaBank Deutsche Girozentrale Sells 9,268 Shares of ON Semiconductor Corporation $ON

DekaBank Deutsche Girozentrale trimmed its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,622 shares of the semiconductor company’s stock after selling 9,268 shares during the period. DekaBank Deutsche Girozentrale’s holdings in ON Semiconductor were worth $8,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Moody National Bank Trust Division raised its stake in shares of ON Semiconductor by 1.5% during the second quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock worth $598,000 after buying an additional 169 shares during the last quarter. Sowell Financial Services LLC raised its stake in shares of ON Semiconductor by 4.1% during the second quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock worth $297,000 after buying an additional 223 shares during the last quarter. Applied Finance Capital Management LLC raised its stake in shares of ON Semiconductor by 2.2% during the second quarter. Applied Finance Capital Management LLC now owns 10,668 shares of the semiconductor company’s stock worth $559,000 after buying an additional 225 shares during the last quarter. Journey Advisory Group LLC raised its stake in shares of ON Semiconductor by 3.9% during the second quarter. Journey Advisory Group LLC now owns 7,645 shares of the semiconductor company’s stock worth $401,000 after buying an additional 287 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of ON Semiconductor by 2.3% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,025 shares of the semiconductor company’s stock worth $530,000 after buying an additional 289 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Insider Buying and Selling at ON Semiconductor

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Piper Sandler reissued an “overweight” rating on shares of ON Semiconductor in a research note on Monday, August 4th. Wells Fargo & Company lowered their target price on shares of ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, August 5th. TD Cowen lowered their target price on shares of ON Semiconductor from $68.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Truist Financial upped their target price on shares of ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Tuesday, August 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $56.68.

ON Semiconductor Stock Down 0.3%

ON Semiconductor stock opened at $51.78 on Friday. The stock has a market capitalization of $21.18 billion, a PE ratio of 48.39, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $50.09 and a 200-day moving average of $48.58.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, equities research analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal 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.