Mirae Asset Global Investments Co. Ltd. Purchases 60,050 Shares of ON Semiconductor Corporation $ON

Mirae Asset Global Investments Co. Ltd. grew its position in ON Semiconductor Corporation (NASDAQ:ON) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 818,390 shares of the semiconductor company’s stock after purchasing an additional 60,050 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.20% of ON Semiconductor worth $42,892,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ON. Costello Asset Management INC bought a new position in shares of ON Semiconductor in the first quarter valued at approximately $26,000. Golden State Wealth Management LLC raised its position in shares of ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 320 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of ON Semiconductor in the first quarter valued at approximately $41,000. Geneos Wealth Management Inc. lifted its holdings in shares of ON Semiconductor by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after buying an additional 507 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of ON Semiconductor by 61.9% during the first quarter. Rakuten Securities Inc. now owns 1,376 shares of the semiconductor company’s stock worth $56,000 after buying an additional 526 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Stock Performance

ON Semiconductor stock opened at $48.74 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. The stock has a fifty day moving average price of $50.48 and a two-hundred day moving average price of $47.60. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $76.06. The firm has a market capitalization of $19.93 billion, a P/E ratio of 45.55, a P/E/G ratio of 2.41 and a beta of 1.49.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. The business’s revenue was down 15.4% compared to the same quarter last year. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Wells Fargo & Company cut their price target on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, August 5th. Stifel Nicolaus upped their price target on ON Semiconductor from $42.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, July 18th. Needham & Company LLC upped their price target on ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Finally, Benchmark reiterated a “buy” rating and set a $60.00 price target (up from $50.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, ON Semiconductor has an average rating of “Hold” and an average target price of $56.68.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the transaction, the chief executive officer directly owned 977,814 shares in the company, valued at $50,083,633.08. This represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is owned by corporate insiders.

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.