ON Semiconductor Corporation $ON Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 8.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 538,515 shares of the semiconductor company’s stock after selling 50,156 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in ON Semiconductor were worth $28,224,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ON. State of Alaska Department of Revenue raised its stake in shares of ON Semiconductor by 39.4% during the second quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock valued at $7,328,000 after purchasing an additional 39,530 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in ON Semiconductor by 7.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock valued at $42,892,000 after buying an additional 60,050 shares during the period. United Services Automobile Association bought a new stake in shares of ON Semiconductor during the 1st quarter worth about $401,000. Mizuho Markets Cayman LP lifted its stake in shares of ON Semiconductor by 2,345.0% in the 2nd quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock worth $7,904,000 after acquiring an additional 144,639 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in shares of ON Semiconductor by 4.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company’s stock worth $408,000 after acquiring an additional 463 shares during the period. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Stock Performance

Shares of ON stock opened at $48.13 on Friday. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $74.52. The stock’s 50-day moving average is $50.04 and its two-hundred day moving average is $50.13. 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 firm has a market cap of $19.37 billion, a P/E ratio of 44.98, a PEG ratio of 2.58 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data 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 7.28% and a return on equity of 15.33%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Weiss Ratings downgraded ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Wells Fargo & Company cut their price objective on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, August 5th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $50.00 target price on shares of ON Semiconductor in a report on Tuesday, November 4th. Cfra reiterated a “buy” rating and issued a $64.00 price target on shares of ON Semiconductor in a research report on Tuesday, November 4th. Finally, Morgan Stanley raised their price objective on shares of ON Semiconductor from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. Fourteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.08.

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.