ON Semiconductor Corporation $ON Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 1.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 201,934 shares of the semiconductor company’s stock after acquiring an additional 2,113 shares during the period. Asset Management One Co. Ltd.’s holdings in ON Semiconductor were worth $10,583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Moody National Bank Trust Division boosted its stake in shares of ON Semiconductor by 1.5% during the 2nd quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock valued at $598,000 after buying an additional 169 shares during the last quarter. Freedom Investment Management Inc. boosted its stake in shares of ON Semiconductor by 2.6% during the 2nd quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock valued at $412,000 after buying an additional 196 shares during the last quarter. Sowell Financial Services LLC boosted its stake in shares of ON Semiconductor by 4.1% during the 2nd quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 223 shares during the last quarter. Applied Finance Capital Management LLC boosted its stake in shares of ON Semiconductor by 2.2% during the 2nd quarter. Applied Finance Capital Management LLC now owns 10,668 shares of the semiconductor company’s stock valued at $559,000 after buying an additional 225 shares during the last quarter. Finally, Journey Advisory Group LLC boosted its stake in shares of ON Semiconductor by 3.9% during the 2nd quarter. Journey Advisory Group LLC now owns 7,645 shares of the semiconductor company’s stock valued at $401,000 after buying an additional 287 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on ON. Stifel Nicolaus increased their target price on ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 18th. Bank of America lowered their price target on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Susquehanna reiterated a “positive” rating and issued a $65.00 price target (down from $75.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Piper Sandler reiterated an “overweight” rating on shares of ON Semiconductor in a report on Monday, August 4th. Finally, Rosenblatt Securities lowered their price target on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, ON Semiconductor currently has a consensus rating of “Hold” and a consensus target price of $56.75.

ON Semiconductor Price Performance

Shares of ON opened at $50.71 on Monday. The company has a market cap of $20.74 billion, a P/E ratio of 47.39, a PEG ratio of 2.52 and a beta of 1.49. The stock has a fifty day moving average price of $50.08 and a 200 day moving average price of $48.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06.

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

Insider Buying and Selling

In other news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor 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 sale, the chief executive officer owned 977,814 shares of the company’s stock, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is currently owned by 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.