Empowered Funds LLC Lowers Holdings in ON Semiconductor Corporation $ON

Empowered Funds LLC reduced its position in ON Semiconductor Corporation (NASDAQ:ON) by 11.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 184,147 shares of the semiconductor company’s stock after selling 23,174 shares during the quarter. Empowered Funds LLC’s holdings in ON Semiconductor were worth $9,651,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC increased its stake in shares of ON Semiconductor by 5.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 7,261 shares of the semiconductor company’s stock worth $381,000 after acquiring an additional 343 shares during the period. Rockefeller Capital Management L.P. increased its position in ON Semiconductor by 8.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 13,030 shares of the semiconductor company’s stock worth $683,000 after purchasing an additional 1,062 shares during the period. Itau Unibanco Holding S.A. acquired a new position in ON Semiconductor during the 2nd quarter worth approximately $3,774,000. Intech Investment Management LLC raised its stake in shares of ON Semiconductor by 70.4% during the 2nd quarter. Intech Investment Management LLC now owns 28,031 shares of the semiconductor company’s stock worth $1,469,000 after buying an additional 11,582 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of ON Semiconductor by 358.1% in the 2nd quarter. Creative Planning now owns 171,910 shares of the semiconductor company’s stock valued at $9,010,000 after buying an additional 134,381 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

ON has been the subject of several research analyst reports. Cowen reiterated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Benchmark reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of ON Semiconductor in a report on Thursday, November 13th. TD Cowen increased their target price on shares of ON Semiconductor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Needham & Company LLC boosted their price target on ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $59.08.

ON Semiconductor Trading Down 1.0%

Shares of ON opened at $45.56 on Wednesday. The firm has a 50 day simple moving average of $49.88 and a 200-day simple moving average of $50.40. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of 42.58, a price-to-earnings-growth ratio of 2.58 and a beta of 1.56. 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 1-year low of $31.04 and a 1-year high of $74.52.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share 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 company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter 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. Equities analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor announced that its board has initiated a stock buyback program on Tuesday, November 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 32.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors 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.