Guinness Asset Management LTD Has $8.65 Million Stake in ON Semiconductor Corporation $ON

Guinness Asset Management LTD reduced its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 20.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 164,946 shares of the semiconductor company’s stock after selling 41,755 shares during the period. Guinness Asset Management LTD’s holdings in ON Semiconductor were worth $8,649,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its position in shares of ON Semiconductor by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 320 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in ON Semiconductor by 219.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 155,228 shares of the semiconductor company’s stock valued at $6,316,000 after acquiring an additional 106,617 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in ON Semiconductor by 8.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 758,340 shares of the semiconductor company’s stock worth $31,046,000 after acquiring an additional 62,259 shares during the last quarter. Skylands Capital LLC boosted its holdings in ON Semiconductor by 16.2% during the 1st quarter. Skylands Capital LLC now owns 84,720 shares of the semiconductor company’s stock worth $3,447,000 after acquiring an additional 11,800 shares during the last quarter. Finally, Westside Investment Management Inc. grew its stake in shares of ON Semiconductor by 124.5% in the 1st quarter. Westside Investment Management Inc. now owns 2,110 shares of the semiconductor company’s stock worth $86,000 after acquiring an additional 1,170 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TD Cowen dropped their price target on shares of ON Semiconductor from $68.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 5th. Rosenblatt Securities decreased their price objective on shares of ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 5th. Piper Sandler reissued an “overweight” rating on shares of ON Semiconductor in a research report on Monday, August 4th. Stifel Nicolaus boosted their target price on ON Semiconductor from $42.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, July 18th. Finally, Truist Financial increased their price target on ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, ON Semiconductor has an average rating of “Hold” and an average price target of $56.75.

ON Semiconductor Price Performance

ON stock opened at $50.71 on Monday. The firm has a market cap of $20.74 billion, a P/E ratio of 47.39, a P/E/G ratio of 2.52 and a beta of 1.49. The firm’s fifty day moving average is $50.08 and its 200 day moving average is $48.90. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02.

ON Semiconductor (NASDAQ:ON) last posted 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). 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 the consensus estimate of $1.45 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Research analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the transaction, the chief executive officer directly owned 977,814 shares of the company’s stock, valued at $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

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.