Ameriprise Financial Inc. Buys 110,735 Shares of ON Semiconductor Corporation $ON

Key Points

• Ameriprise Financial Inc. has increased its stake in ON Semiconductor by 1.0%, owning over 11 million shares valued at approximately $460 million.
• ON Semiconductor reported quarterly earnings with $0.53 EPS, slightly missing analysts' expectations, while revenue for the quarter was $1.47 billion.
• The stock currently has a consensus rating of "Hold" with an average price target of $56.84, as analysts have varied opinions on future performance.

Ameriprise Financial Inc. boosted its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,328,463 shares of the semiconductor company's stock after buying an additional 110,735 shares during the period. Ameriprise Financial Inc. owned 2.71% of ON Semiconductor worth $460,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Costello Asset Management INC purchased a new stake in ON Semiconductor in the first quarter worth about $26,000. Golden State Wealth Management LLC lifted 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 buying an additional 320 shares during the period. Elequin Capital LP lifted its holdings in ON Semiconductor by 108.3% in the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after buying an additional 274 shares during the period. Opal Wealth Advisors LLC purchased a new stake in ON Semiconductor in the first quarter worth about $41,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in ON Semiconductor by 69.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company's stock worth $51,000 after buying an additional 518 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Hassane El-Khoury sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total value 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. The trade was a 1.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ON. Robert W. Baird lowered their target price on shares of ON Semiconductor from $42.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. TD Cowen lowered their target price on shares of ON Semiconductor from $68.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. Roth Capital reiterated a "buy" rating and set a $70.00 target price (up from $50.00) on shares of ON Semiconductor in a report on Tuesday, June 17th. Wells Fargo & Company lowered their target price on shares of ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $56.84.

ON Semiconductor Stock Up 6.2%

NASDAQ ON traded up $3.04 during mid-day trading on Friday, reaching $51.85. The stock had a trading volume of 9,736,609 shares, compared to its average volume of 10,320,094. ON Semiconductor Corporation has a 1 year low of $31.04 and a 1 year high of $78.61. The stock has a market cap of $21.21 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 2.58 and a beta of 1.45. The company has a fifty day moving average price of $54.34 and a 200 day moving average price of $47.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings data 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 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 analysts' expectations of $1.45 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. ON Semiconductor's revenue was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, research analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current 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.