Brandywine Global Investment Management LLC Raises Holdings in ON Semiconductor Corporation $ON

Brandywine Global Investment Management LLC increased its position in ON Semiconductor Corporation (NASDAQ:ON) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,328,869 shares of the semiconductor company’s stock after buying an additional 19,063 shares during the period. Brandywine Global Investment Management LLC owned 0.32% of ON Semiconductor worth $69,646,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new stake in shares of ON Semiconductor during the 2nd quarter worth approximately $29,000. Costello Asset Management INC purchased a new position in shares of ON Semiconductor in the first quarter valued at $26,000. Ameritas Advisory Services LLC bought a new stake in ON Semiconductor in the second quarter worth $57,000. Zions Bancorporation National Association UT raised its stake in ON Semiconductor by 159.3% during the second quarter. Zions Bancorporation National Association UT now owns 1,159 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 712 shares in the last quarter. Finally, SouthState Corp lifted its position in ON Semiconductor by 740.3% during the second quarter. SouthState Corp now owns 1,210 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 1,066 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup reduced their target price on shares of ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, August 5th. Morgan Stanley upped their price objective on ON Semiconductor from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. TD Cowen lifted their target price on ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Williams Trading set a $60.00 target price on ON Semiconductor in a research report on Tuesday, November 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of ON Semiconductor in a report on Wednesday. Fourteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.08.

ON Semiconductor Stock Down 2.6%

Shares of ON opened at $44.90 on Friday. The firm has a fifty day moving average price of $49.76 and a 200-day moving average price of $50.33. 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 firm has a market capitalization of $18.07 billion, a P/E ratio of 41.96, a P/E/G ratio of 2.58 and a beta of 1.56. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $74.52.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm’s revenue was down 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Equities research analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

ON Semiconductor announced that its Board of Directors has initiated a share repurchase plan on Tuesday, November 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 32.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.