Bayforest Capital Ltd Invests $535,000 in ON Semiconductor Corporation $ON

Key Points

• Bayforest Capital Ltd has purchased 13,139 shares of ON Semiconductor Corporation for approximately $535,000, marking a new investment in the company.
• ON Semiconductor reported $1.47 billion in revenue for the latest quarter, missing earnings per share expectations with an EPS of $0.53.
• The company has a market cap of $19.88 billion and is currently rated with a consensus of "Hold" from analysts, with an average price target of $56.68.

Bayforest Capital Ltd acquired a new position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,139 shares of the semiconductor company's stock, valued at approximately $535,000.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in ON Semiconductor by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company's stock worth $460,958,000 after buying an additional 110,735 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in ON Semiconductor in the first quarter worth approximately $219,001,000. Allspring Global Investments Holdings LLC boosted its stake in ON Semiconductor by 26.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company's stock worth $203,462,000 after buying an additional 1,055,461 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 worth $103,525,000 after buying an additional 55,976 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of ON Semiconductor by 2,735.5% during the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock valued at $87,330,000 after purchasing an additional 2,070,529 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of the firm's 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 trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup decreased their target price on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 5th. Piper Sandler reaffirmed an "overweight" rating on shares of ON Semiconductor in a research note on Monday, August 4th. Wells Fargo & Company decreased their target price on ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, August 5th. Cantor Fitzgerald started coverage on ON Semiconductor in a report on Wednesday, June 18th. They set a "neutral" rating and a $55.00 target price for the company. Finally, Mizuho upped their target price on ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, ON Semiconductor currently has an average rating of "Hold" and a consensus price target of $56.68.

ON Semiconductor Stock Down 1.6%

ON traded down $0.76 during trading on Friday, reaching $48.26. The stock had a trading volume of 4,282,500 shares, compared to its average volume of 6,386,863. The stock's 50 day moving average is $52.99 and its two-hundred day moving average is $47.09. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $19.74 billion, a price-to-earnings ratio of 45.10, a P/E/G ratio of 2.44 and a beta of 1.48. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $76.06.

ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $0.96 EPS. ON Semiconductor's revenue for the quarter 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 expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

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.