ON Semiconductor (NASDAQ:ON) CFO Sells $1,101,000.00 in Stock

ON Semiconductor Corporation (NASDAQ:ON) CFO Trent Thad sold 20,000 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer owned 379,448 shares in the company, valued at approximately $20,888,612.40. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ON Semiconductor Trading Down 4.1%

Shares of ON Semiconductor stock traded down $2.36 during trading hours on Thursday, hitting $54.79. The company’s stock had a trading volume of 11,018,490 shares, 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 company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. The stock has a 50 day moving average of $49.75 and a 200 day moving average of $50.89. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $70.58.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.99 EPS. ON Semiconductor’s revenue for the quarter was down 12.0% on a year-over-year basis. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

ON Semiconductor declared that its board has authorized a stock buyback plan on Tuesday, November 18th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 32.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of ON Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in ON. Vanguard Group Inc. grew its position in shares of ON Semiconductor by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 51,367,704 shares of the semiconductor company’s stock valued at $2,692,181,000 after acquiring an additional 243,238 shares during the period. Ameriprise Financial Inc. lifted its stake in ON Semiconductor by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after purchasing an additional 877,533 shares during the last quarter. Geode Capital Management LLC grew its holdings in ON Semiconductor by 0.7% during the second quarter. Geode Capital Management LLC now owns 11,296,301 shares of the semiconductor company’s stock worth $590,383,000 after purchasing an additional 77,795 shares during the period. Allspring Global Investments Holdings LLC increased its position in ON Semiconductor by 0.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,889,080 shares of the semiconductor company’s stock worth $284,737,000 after buying an additional 53,748 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its stake in ON Semiconductor by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after buying an additional 2,072,125 shares during the period. 97.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ON has been the topic of several research reports. UBS Group boosted their price objective on shares of ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. TD Cowen lifted their price target on ON Semiconductor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Truist Financial upped their price objective on ON Semiconductor from $49.00 to $51.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Williams Trading set a $60.00 price objective on ON Semiconductor in a report on Tuesday, November 4th. Finally, Robert W. Baird boosted their target price on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $59.12.

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.