5,975 Shares in ON Semiconductor Corporation $ON Acquired by ICONIQ Capital LLC

Key Points

• ICONIQ Capital LLC has acquired 5,975 shares of ON Semiconductor Corporation, valued at approximately $243,000, marking a new position for the fund.
• Recent analyst ratings show a mixed outlook, with KeyCorp raising its price target from $50 to $65, while Bank of America lowered its target from $70 to $56.
• ON Semiconductor reported a slight earnings miss for the last quarter, with EPS of $0.53 compared to the consensus estimate of $0.54, although revenue exceeded expectations at $1.47 billion.

ICONIQ Capital LLC purchased a new position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,975 shares of the semiconductor company's stock, valued at approximately $243,000.

A number of other large investors have also added to or reduced their stakes in ON. Costello Asset Management INC bought a new stake in ON Semiconductor in the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC increased its stake in ON Semiconductor by 83.3% in the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 320 shares during the last quarter. Elequin Capital LP increased its stake in ON Semiconductor by 108.3% in the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 274 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in ON Semiconductor in the 1st quarter worth approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake in ON Semiconductor by 69.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company's stock worth $51,000 after acquiring an additional 518 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ON. KeyCorp lifted their price objective on ON Semiconductor from $50.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Bank of America reaffirmed a "neutral" rating and issued a $56.00 price objective (down previously from $70.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Citigroup reduced their price objective on ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 5th. Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Finally, Susquehanna reissued a "positive" rating and set a $65.00 target price (down previously from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $56.84.

ON Semiconductor Stock Performance

NASDAQ ON opened at $50.95 on Tuesday. The company has a market cap of $20.84 billion, a P/E ratio of 47.62, a P/E/G ratio of 2.58 and a beta of 1.45. 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 business's 50 day moving average price is $54.28 and its 200-day moving average price is $47.30. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $78.61.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The business's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Sell-side analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Insider Buying and Selling

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

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.

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