CX Institutional Raises Stake in ON Semiconductor Corporation $ON

Key Points

• CX Institutional raised its stake in ON Semiconductor Corporation by 205.4%, acquiring an additional 6,457 shares during the second quarter, bringing their total holdings to 9,601 shares valued at $503,000.
• ON Semiconductor reported earnings of $0.53 per share for Q2, missing the consensus estimate by $0.01, and experienced a 15.4% year-over-year decline in revenue, totaling $1.47 billion.
• Analysts have set a consensus price target of $56.68 for ON Semiconductor, with ratings indicating the stock is mainly categorized as a "Hold" with twelve analysts recommending a Buy.

CX Institutional boosted its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 205.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,601 shares of the semiconductor company's stock after purchasing an additional 6,457 shares during the period. CX Institutional's holdings in ON Semiconductor were worth $503,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ON. Costello Asset Management INC purchased a new position in ON Semiconductor during the 1st quarter worth $26,000. Golden State Wealth Management LLC grew its position in ON Semiconductor by 83.3% during the 1st 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 last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of ON Semiconductor in the first quarter valued at about $41,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 valued at $51,000 after acquiring an additional 518 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of ON Semiconductor by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company's stock valued at $54,000 after acquiring an additional 507 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor Price Performance

ON Semiconductor stock opened at $50.16 on Friday. The firm has a market capitalization of $20.51 billion, a PE ratio of 46.88, a P/E/G ratio of 2.48 and a beta of 1.48. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $76.06. The firm's 50-day simple moving average is $51.32 and its 200 day simple moving average is $47.43. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON - Get Free Report) last posted 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). ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter last year, the business posted $0.96 earnings per share. The business's revenue 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. On average, equities research analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on ON shares. Truist Financial lifted their target price on shares of ON Semiconductor from $43.00 to $49.00 and gave the company a "hold" rating in a report on Tuesday, August 5th. Rosenblatt Securities reduced their price target on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, August 5th. Stifel Nicolaus upped their price objective on ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, July 18th. UBS Group reduced their target price on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, August 5th. Finally, Bank of America lowered their price target 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. Twelve research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $56.68.

Insider Buying and Selling

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the 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 sale, the chief executive officer owned 977,814 shares in the company, valued at approximately $50,083,633.08. This represents a 1.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.31% of the company's stock.

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.

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