ProShare Advisors LLC Has $37.19 Million Stake in ON Semiconductor Corporation $ON

ProShare Advisors LLC increased its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 709,599 shares of the semiconductor company’s stock after buying an additional 28,360 shares during the period. ProShare Advisors LLC owned 0.17% of ON Semiconductor worth $37,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. raised its position in shares of ON Semiconductor by 1.0% during the 1st quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company’s stock valued at $460,958,000 after acquiring an additional 110,735 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of ON Semiconductor by 15.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,835,332 shares of the semiconductor company’s stock worth $312,774,000 after purchasing an additional 774,087 shares during the period. Baillie Gifford & Co. acquired a new stake in shares of ON Semiconductor during the first quarter worth $219,001,000. Charles Schwab Investment Management Inc. increased its holdings in ON Semiconductor by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company’s stock valued at $103,525,000 after purchasing an additional 55,976 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in ON Semiconductor by 2,735.5% in the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock valued at $87,330,000 after buying an additional 2,070,529 shares during the period. 97.70% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Hassane El-Khoury sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the sale, the chief executive officer directly owned 977,814 shares in the company, valued at $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on ON. Williams Trading set a $60.00 price target on ON Semiconductor in a research note on Tuesday, November 4th. Piper Sandler reaffirmed an “overweight” rating on shares of ON Semiconductor in a research note on Monday, August 4th. Benchmark reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Cfra reissued a “buy” rating and set a $64.00 price target on shares of ON Semiconductor in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $59.08.

ON Semiconductor Stock Performance

Shares of ON opened at $48.54 on Tuesday. The firm has a market cap of $19.53 billion, a P/E ratio of 45.36, a PEG ratio of 2.58 and a beta of 1.56. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month 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 firm’s 50 day moving average price is $50.02 and its two-hundred day moving average price is $50.09.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

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.