Neville Rodie & Shaw Inc. Decreases Holdings in ON Semiconductor Corporation $ON

Neville Rodie & Shaw Inc. reduced its stake in ON Semiconductor Corporation (NASDAQ:ON) by 84.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,880 shares of the semiconductor company’s stock after selling 21,045 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in ON Semiconductor were worth $204,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ON. Costello Asset Management INC purchased a new position in ON Semiconductor in the first quarter valued at about $26,000. Golden State Wealth Management LLC lifted its stake in ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. Elequin Capital LP grew its holdings in ON Semiconductor by 108.3% during the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 274 shares during the period. Opal Wealth Advisors LLC purchased a new stake in ON Semiconductor in the first quarter worth $41,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of ON Semiconductor by 69.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 518 shares during the period. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Price Performance

Shares of NASDAQ:ON opened at $48.26 on Friday. The company has a 50 day moving average of $52.99 and a 200 day moving average of $47.09. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The stock has a market cap of $19.74 billion, a P/E ratio of 45.10, a P/E/G ratio of 2.44 and a beta of 1.48. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm 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 business’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the prior 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, sell-side analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ON has been the subject of several research reports. TD Cowen cut their price target on ON Semiconductor from $68.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Needham & Company LLC lifted their target price on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. The Goldman Sachs Group assumed coverage on shares of ON Semiconductor in a research report on Thursday, July 10th. They issued a “neutral” rating and a $60.00 price target on the stock. Rosenblatt Securities dropped their price target on shares of ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company reduced their price objective on shares of ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.68.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the firm’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 sale, the chief executive officer owned 977,814 shares of the company’s stock, valued at $50,083,633.08. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is owned by corporate 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.