ON Semiconductor Corporation $ON Shares Sold by Credit Agricole S A

Credit Agricole S A trimmed its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 65.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,563 shares of the semiconductor company’s stock after selling 335,782 shares during the quarter. Credit Agricole S A’s holdings in ON Semiconductor were worth $7,103,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its holdings in ON Semiconductor by 9.2% during the 4th quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company’s stock worth $780,387,000 after purchasing an additional 1,041,989 shares during the period. Baillie Gifford & Co. purchased a new stake in ON Semiconductor during the 1st quarter worth about $219,001,000. Allspring Global Investments Holdings LLC increased its holdings in ON Semiconductor by 26.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company’s stock worth $203,462,000 after purchasing an additional 1,055,461 shares during the period. Northern Trust Corp increased its holdings in ON Semiconductor by 8.4% during the 4th quarter. Northern Trust Corp now owns 3,787,829 shares of the semiconductor company’s stock worth $238,823,000 after purchasing an additional 292,225 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in ON Semiconductor by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company’s stock worth $103,525,000 after purchasing an additional 55,976 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ON shares. Cantor Fitzgerald started coverage on ON Semiconductor in a report on Wednesday, June 18th. They set a “neutral” rating and a $55.00 price target on the stock. UBS Group cut their price target on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, August 5th. Needham & Company LLC upped their price objective on ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. KeyCorp upped their price objective on ON Semiconductor from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley began coverage on ON Semiconductor in a research report on Monday, May 12th. They set an “equal weight” rating and a $39.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.84.

ON Semiconductor Trading Down 1.3%

NASDAQ:ON opened at $48.81 on Friday. The stock has a market cap of $19.96 billion, a P/E ratio of 45.62, a P/E/G ratio of 2.46 and a beta of 1.45. 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 Corporation has a 1 year low of $31.04 and a 1 year high of $78.61. The stock has a 50-day simple moving average of $54.33 and a 200-day simple moving average of $47.36.

ON Semiconductor (NASDAQ:ON) last announced its earnings results 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). The firm 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 revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Hassane El-Khoury sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was 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 directly owned 977,814 shares of the company’s stock, valued at $50,083,633.08. This represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by company insiders.

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.