Securian Asset Management Inc. Sells 509 Shares of ON Semiconductor Corporation $ON

Securian Asset Management Inc. lessened its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 2.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,814 shares of the semiconductor company’s stock after selling 509 shares during the period. Securian Asset Management Inc.’s holdings in ON Semiconductor were worth $1,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Journey Advisory Group LLC raised its holdings in 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 acquiring an additional 287 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in ON Semiconductor in the second quarter valued at approximately $294,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in ON Semiconductor in the second quarter valued at approximately $545,000. Carmel Capital Partners LLC raised its stake in ON Semiconductor by 16.0% in the second quarter. Carmel Capital Partners LLC now owns 48,554 shares of the semiconductor company’s stock valued at $2,545,000 after buying an additional 6,713 shares during the period. Finally, Arista Wealth Management LLC bought a new stake in ON Semiconductor in the second quarter valued at approximately $210,000. Institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. TD Cowen dropped their price objective on ON Semiconductor from $68.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Truist Financial upped their price objective on ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Tuesday, August 5th. Stifel Nicolaus upped their price objective on ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 18th. B. Riley restated a “neutral” rating on shares of ON Semiconductor in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group initiated coverage on ON Semiconductor in a research note on Thursday, July 10th. They set a “neutral” rating and a $60.00 target price on the stock. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently 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 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 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 sale 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 Price Performance

Shares of NASDAQ ON opened at $51.78 on Friday. The firm has a market cap of $21.18 billion, a P/E ratio of 48.39, a price-to-earnings-growth ratio of 2.58 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 Corporation has a 1-year low of $31.04 and a 1-year high of $76.06. The business’s 50 day moving average is $50.09 and its 200-day moving average is $48.58.

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

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.