Great Lakes Advisors LLC Boosts Position in ON Semiconductor Corporation $ON

Great Lakes Advisors LLC grew its stake in ON Semiconductor Corporation (NASDAQ:ON) by 2.1% during the 1st quarter, HoldingsChannel reports. The fund owned 368,701 shares of the semiconductor company’s stock after purchasing an additional 7,580 shares during the quarter. Great Lakes Advisors LLC’s holdings in ON Semiconductor were worth $14,967,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in ON Semiconductor in the first quarter worth $26,000. Golden State Wealth Management LLC boosted its holdings 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 worth $29,000 after acquiring an additional 320 shares in the last quarter. Elequin Capital LP boosted its holdings in ON Semiconductor by 108.3% in the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 274 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in ON Semiconductor in the first quarter worth $41,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in 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 worth $51,000 after acquiring an additional 518 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ON has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, August 5th. UBS Group lowered their price target on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, August 5th. The Goldman Sachs Group assumed coverage on ON Semiconductor in a report on Thursday, July 10th. They set a “neutral” rating and a $60.00 price target on the stock. Roth Capital reiterated a “buy” rating and set a $70.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a research report on Tuesday, June 17th. Finally, Piper Sandler reiterated an “overweight” rating on shares of ON Semiconductor in a research report on Monday, August 4th. Twelve research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.68.

Insider Activity

In related news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total transaction 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 represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

ON Semiconductor Stock Performance

Shares of ON opened at $48.88 on Tuesday. 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 business has a 50-day simple moving average of $53.58 and a two-hundred day simple moving average of $47.15. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 45.68, a PEG ratio of 2.44 and a beta of 1.48. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $76.06.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the company earned $0.96 EPS. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

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.