Charles Schwab Investment Management Inc. Purchases 166,363 Shares of ON Semiconductor Corporation $ON

Charles Schwab Investment Management Inc. boosted its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,710,593 shares of the semiconductor company’s stock after acquiring an additional 166,363 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ON Semiconductor were worth $142,062,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. M&G PLC increased its holdings in shares of ON Semiconductor by 164.2% in the 2nd quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company’s stock worth $127,873,000 after purchasing an additional 1,528,311 shares in the last quarter. Nuveen LLC purchased a new stake in shares of ON Semiconductor during the first quarter valued at $38,548,000. Allspring Global Investments Holdings LLC increased its holdings in ON Semiconductor by 15.3% in the 2nd 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 in the last quarter. Price T Rowe Associates Inc. MD raised its position in ON Semiconductor by 94.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company’s stock worth $61,145,000 after buying an additional 728,177 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in ON Semiconductor by 333.5% during the 1st quarter. Federated Hermes Inc. now owns 479,478 shares of the semiconductor company’s stock valued at $19,510,000 after acquiring an additional 368,874 shares during the period. Institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Truist Financial increased their price target on ON Semiconductor from $49.00 to $51.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Robert W. Baird raised their price target on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Wells Fargo & Company reduced their price objective on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, August 5th. Finally, TD Cowen increased their target price on ON Semiconductor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Fourteen equities research 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.12.

ON Semiconductor Price Performance

NASDAQ ON opened at $49.64 on Thursday. The business’s fifty day moving average is $49.69 and its 200 day moving average is $50.65. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $74.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. The company has a market capitalization of $19.97 billion, a PE ratio of 46.39, a price-to-earnings-growth ratio of 2.58 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, topping 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 business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. The business’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. Sell-side analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

ON Semiconductor declared that its board has authorized a share buyback program on Tuesday, November 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to repurchase up to 32.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.