Apollon Wealth Management LLC Sells 1,836 Shares of ON Semiconductor Corporation $ON

Apollon Wealth Management LLC lessened its position in ON Semiconductor Corporation (NASDAQ:ON) by 25.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,392 shares of the semiconductor company’s stock after selling 1,836 shares during the period. Apollon Wealth Management LLC’s holdings in ON Semiconductor were worth $283,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in ON Semiconductor in the 1st quarter valued at approximately $26,000. Golden State Wealth Management LLC lifted its stake in shares of ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 320 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in ON Semiconductor during the 2nd quarter valued at approximately $29,000. Geneos Wealth Management Inc. raised its holdings in ON Semiconductor by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 507 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of ON Semiconductor in the 2nd quarter worth approximately $57,000. Institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on ON shares. Wells Fargo & Company lowered their price objective on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, August 5th. B. Riley reissued a “neutral” rating on shares of ON Semiconductor in a research note on Tuesday, August 5th. Rosenblatt Securities decreased their target price on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 5th. Stifel Nicolaus raised 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. Finally, Bank of America reduced their price target on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, ON Semiconductor presently has a consensus rating of “Hold” and a consensus price target of $56.68.

ON Semiconductor Price Performance

Shares of NASDAQ ON opened at $52.53 on Friday. 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 market capitalization of $21.48 billion, a PE ratio of 49.09, a PEG ratio of 2.61 and a beta of 1.49. The stock’s 50 day moving average price is $49.83 and its 200-day moving average price is $48.16. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data 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 business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The firm’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, equities analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Insider Buying and Selling at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 15,000 shares of the firm’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 directly owned 977,814 shares of the company’s stock, valued at approximately $50,083,633.08. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is owned by insiders.

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.