Aberdeen Group plc Has $19.37 Million Stock Holdings in ON Semiconductor Corporation $ON

Key Points

• Aberdeen Group plc increased its stake in ON Semiconductor Corporation by 7.5%, owning 369,614 shares valued at approximately $19.37 million after acquiring an additional 25,775 shares.
• Wall Street analysts maintain a generally cautious outlook on ON Semiconductor, with a consensus rating of "Hold" and varying price targets, including a new high of $65 from Susquehanna and a lowered target of $50 from Rosenblatt Securities.
• The company reported a Q2 earnings per share of $0.53, which missed analysts' expectations, while its revenue reached $1.47 billion, representing a 15.4% decline year-over-year.

Aberdeen Group plc boosted its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 369,614 shares of the semiconductor company's stock after purchasing an additional 25,775 shares during the quarter. Aberdeen Group plc owned about 0.09% of ON Semiconductor worth $19,371,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Costello Asset Management INC acquired a new stake in ON Semiconductor in the first quarter worth $26,000. Golden State Wealth Management LLC grew its holdings in ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 320 shares during the period. Opal Wealth Advisors LLC acquired a new stake in ON Semiconductor in the first quarter worth $41,000. Ameritas Advisory Services LLC acquired a new stake in ON Semiconductor in the second quarter worth $57,000. Finally, Ridgewood Investments LLC acquired a new stake in ON Semiconductor in the second quarter worth $68,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ON has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Rosenblatt Securities dropped their price objective on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 5th. Susquehanna reaffirmed a "positive" rating and issued a $65.00 price objective (down from $75.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Bank of America dropped their price objective on shares of ON Semiconductor from $56.00 to $52.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Finally, Benchmark reaffirmed a "buy" rating and issued a $60.00 price objective (up from $50.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, ON Semiconductor currently has a consensus rating of "Hold" and a consensus price target of $56.68.

ON Semiconductor Stock Up 9.6%

ON opened at $50.11 on Tuesday. 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 company's 50-day moving average is $49.51 and its 200 day moving average is $47.91. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $76.06. The firm has a market capitalization of $20.49 billion, a P/E ratio of 46.83, a PEG ratio of 2.28 and a beta of 1.49.

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

Insider Buying and Selling at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 15,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the transaction, the chief executive officer directly owned 977,814 shares of the company's stock, valued at $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by 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.

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