ON Semiconductor Corporation $ON Stock Position Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 6.3% during the second quarter, HoldingsChannel.com reports. The fund owned 102,489 shares of the semiconductor company’s stock after acquiring an additional 6,115 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ON Semiconductor were worth $5,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. bought a new position in shares of ON Semiconductor during the first quarter valued at approximately $219,001,000. Pacer Advisors Inc. boosted its position in ON Semiconductor by 2,735.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock valued at $87,330,000 after purchasing an additional 2,070,529 shares during the period. M&G PLC grew its stake in ON Semiconductor by 164.2% during the 2nd quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company’s stock worth $127,873,000 after buying an additional 1,528,311 shares during the last quarter. Nuveen LLC acquired a new stake in ON Semiconductor in the first quarter worth $38,548,000. Finally, Allspring Global Investments Holdings LLC increased its position in ON Semiconductor by 15.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,835,332 shares of the semiconductor company’s stock worth $312,774,000 after buying an additional 774,087 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

ON Semiconductor Price Performance

NASDAQ ON opened at $46.02 on Tuesday. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $74.52. The firm has a market capitalization of $18.52 billion, a PE ratio of 43.01, a P/E/G ratio of 2.58 and a beta of 1.56. The company’s 50 day simple moving average is $49.94 and its 200 day simple moving average is $50.37. 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 (NASDAQ:ON) last issued its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company posted $0.99 EPS. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, equities research analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Benchmark restated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Wells Fargo & Company decreased their target price on shares of ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, August 5th. Cfra restated a “buy” rating and issued a $64.00 price target on shares of ON Semiconductor in a research note on Tuesday, November 4th. Susquehanna reiterated a “positive” rating and set a $65.00 price objective (down from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $50.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. Fourteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $59.08.

ON Semiconductor 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.