First Trust Advisors LP Sells 504,565 Shares of ON Semiconductor Corporation $ON

First Trust Advisors LP cut its stake in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 13.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,327,849 shares of the semiconductor company's stock after selling 504,565 shares during the quarter. First Trust Advisors LP owned approximately 0.81% of ON Semiconductor worth $174,413,000 at the end of the most recent reporting period.

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Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of ON Semiconductor in the second quarter worth approximately $228,835,000. M&G PLC raised its position in shares of ON Semiconductor by 164.2% during the 2nd quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company's stock valued at $127,873,000 after purchasing an additional 1,528,311 shares during the period. Nuveen LLC purchased a new position in shares of ON Semiconductor during the 1st quarter valued at $38,548,000. Allspring Global Investments Holdings LLC lifted its stake in shares of ON Semiconductor by 15.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,835,332 shares of the semiconductor company's stock valued at $312,774,000 after buying an additional 774,087 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in ON Semiconductor by 94.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company's stock worth $61,145,000 after buying an additional 728,177 shares during the period. Institutional investors own 97.70% of the company's stock.

ON Semiconductor Stock Down 4.1%

Shares of NASDAQ ON opened at $54.79 on Friday. The stock has a market cap of $22.05 billion, a PE ratio of 71.16, a P/E/G ratio of 3.06 and a beta of 1.57. The company has a current ratio of 5.23, a quick ratio of 3.54 and a debt-to-equity ratio of 0.43. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $70.58. The company has a 50-day moving average of $49.85 and a 200 day moving average of $50.92.

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ON Semiconductor (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates 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 business's revenue was down 12.0% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, sell-side analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor announced that its Board of Directors has initiated a share buyback plan on Tuesday, November 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 32.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Insider Transactions at ON Semiconductor

• onsemi Places a $6 Billion Bet on Its Own Stock

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the firm's stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total value of $1,101,000.00. Following the completion of the sale, the chief financial officer directly owned 379,448 shares of the company's stock, valued at $20,888,612.40. This trade represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

ON has been the topic of a number of recent research reports. Robert W. Baird upped their price target on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a "neutral" rating in a research note on Tuesday, November 4th. Benchmark reaffirmed a "buy" rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Cfra reaffirmed a "buy" rating and set a $64.00 price target on shares of ON Semiconductor in a research note on Tuesday, November 4th. TD Cowen upped their price objective on shares of ON Semiconductor from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, November 4th. Finally, Williams Trading set a $60.00 target price on ON Semiconductor in a report 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. According to data from MarketBeat.com, ON Semiconductor currently has an average rating of "Hold" and a consensus target price of $59.12.

Read Our Latest Analysis on ON Semiconductor

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.

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