Cwm LLC Increases Stake in ON Semiconductor Corporation by 50.7%

Cwm LLC has significantly increased its stake in ON Semiconductor Corporation, raising its holdings by 50.7% during the second quarter of 2023. According to Holdings Channel, the investment firm now owns 12,972 shares of the semiconductor company, following the acquisition of an additional 4,366 shares during this period. The total value of Cwm LLC’s holdings in ON Semiconductor is estimated at $680,000 as of the end of the most recent reporting period.

Other hedge funds have also adjusted their positions in ON Semiconductor. For example, Costello Asset Management INC acquired a new stake valued at approximately $26,000 in the first quarter. Golden State Wealth Management LLC increased its holdings by 83.3% during the same period, now owning 704 shares valued at $29,000. Trust Co. of Toledo NA in Ohio and Geneos Wealth Management Inc. also entered the market with new stakes and increased holdings, respectively.

The trend shows a growing interest among institutional investors, with hedge funds and other entities now owning approximately 97.7% of ON Semiconductor’s stock.

Insider Activity and Recent Performance

In related news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor on August 13, 2023, for an average price of $51.22, amounting to a total transaction of $768,300. Following this sale, El-Khoury retained 977,814 shares, valued at around $50.08 million, marking a 1.51% decrease in his overall position. This transaction was disclosed in a filing with the Securities and Exchange Commission.

ON Semiconductor’s stock opened at $51.78 on the last trading day. The company has experienced a 12-month price range from a low of $31.04 to a high of $76.06. Financial metrics show a current ratio of 5.02, a quick ratio of 3.37, and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $21.18 billion and a price-to-earnings ratio of 48.39.

Quarterly Earnings Results

ON Semiconductor’s latest quarterly earnings report, released on August 4, 2023, indicated earnings of $0.53 per share (EPS), slightly missing analysts’ expectations of $0.54 by $0.01. The company reported revenue of $1.47 billion, surpassing the consensus estimate of $1.45 billion. This represents a 15.4% decline in revenue compared to the same quarter last year when the company posted an EPS of $0.96.

Looking ahead, ON Semiconductor has provided guidance for the third quarter of 2025, projecting EPS between $0.540 and $0.640. Analysts predict an average EPS of 2.6 for the current fiscal year.

ON Semiconductor, also known as onsemi, specializes in disruptive innovations and supplies power and analog semiconductors. The company focuses on various sectors, including automotive, industrial, and sustainable energy markets, operating through segments such as the Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

For those interested in further developments regarding ON Semiconductor, including hedge fund activities, regular updates are available through financial news platforms.