Insider Selling: ON Semiconductor (NASDAQ:ON) CFO Sells 20,000 Shares of Stock

ON Semiconductor Corporation (NASDAQ:ON) CFO Trent Thad sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the transaction, the chief financial officer owned 379,448 shares of the company’s stock, valued at approximately $20,888,612.40. This represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

ON Semiconductor Price Performance

ON Semiconductor stock traded down $2.36 during mid-day trading on Thursday, hitting $54.79. 11,018,490 shares of the company were exchanged, compared to its average volume of 9,557,162. The company has a market capitalization of $22.05 billion, a PE ratio of 71.16, a price-to-earnings-growth ratio of 2.70 and a beta of 1.57. The business has a fifty day moving average of $49.75 and a 200 day moving average of $50.89. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $70.58. The company has a quick ratio of 3.54, a current ratio of 5.23 and a debt-to-equity ratio of 0.43.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, sell-side analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

ON Semiconductor announced that its Board of Directors has authorized a stock buyback program on Tuesday, November 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 32.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ON. Cfra reiterated a “buy” rating and issued a $64.00 target price on shares of ON Semiconductor in a research note on Tuesday, November 4th. TD Cowen raised their price target on ON Semiconductor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. UBS Group lifted their price objective on ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Weiss Ratings upgraded ON Semiconductor from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Finally, Williams Trading set a $60.00 target price on ON Semiconductor in a research note on Tuesday, November 4th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $59.12.

Hedge Funds Weigh In On ON Semiconductor

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of ON Semiconductor during the 2nd quarter valued at $228,835,000. State of Alaska Department of Revenue grew its stake in shares of ON Semiconductor by 39.4% during the second quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock worth $7,328,000 after purchasing an additional 39,530 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in ON Semiconductor by 7.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock valued at $42,892,000 after purchasing an additional 60,050 shares during the last quarter. United Services Automobile Association acquired a new position in ON Semiconductor in the first quarter valued at about $401,000. Finally, Mizuho Markets Cayman LP boosted its holdings in ON Semiconductor by 2,345.0% during the second quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock worth $7,904,000 after buying an additional 144,639 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

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.