575,146 Shares in ON Semiconductor Corporation $ON Acquired by Benchstone Capital Management LP

Benchstone Capital Management LP bought a new stake in ON Semiconductor Corporation (NASDAQ:ON) during the second quarter, Holdings Channel.com reports. The firm bought 575,146 shares of the semiconductor company’s stock, valued at approximately $30,143,000. ON Semiconductor accounts for 2.7% of Benchstone Capital Management LP’s investment portfolio, making the stock its 19th largest holding.

Several other large investors have also modified their holdings of ON. Norges Bank acquired a new stake in shares of ON Semiconductor during the 2nd quarter worth about $228,835,000. M&G PLC boosted its stake in ON Semiconductor by 164.2% during the second 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 period. Alliancebernstein L.P. boosted its stake in ON Semiconductor by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after buying an additional 1,523,866 shares during the period. Nuveen LLC purchased a new stake in shares of ON Semiconductor in the 1st quarter valued at approximately $38,548,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of ON Semiconductor by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after acquiring an additional 877,533 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Buying and Selling at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the completion of the sale, the chief financial officer directly owned 379,448 shares of the company’s stock, valued at approximately $20,888,612.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

ON Semiconductor Stock Performance

Shares of ON Semiconductor stock opened at $54.96 on Friday. The business has a 50-day simple moving average of $50.59 and a 200-day simple moving average of $51.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $70.58. The company has a market cap of $22.11 billion, a PE ratio of 71.38, a P/E/G ratio of 2.99 and a beta of 1.57.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company earned $0.99 earnings per share. The firm’s revenue was down 12.0% compared to the same quarter last year. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, equities research analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor declared that its board has approved a stock repurchase plan on Tuesday, November 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 32.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ON has been the subject of several research reports. Cfra reiterated a “buy” rating and issued a $64.00 target price on shares of ON Semiconductor in a report on Tuesday, November 4th. Williams Trading set a $60.00 price objective on ON Semiconductor in a research note on Tuesday, November 4th. Morgan Stanley increased their target price on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, November 24th. Rosenblatt Securities restated a “neutral” rating and set a $50.00 target price on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, UBS Group boosted their price target on shares of ON Semiconductor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $59.12.

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.