Empowered Funds LLC Boosts Stock Position in ON Semiconductor Corporation $ON

Key Points

• Empowered Funds LLC increased its stake in ON Semiconductor by 29%, purchasing an additional 46,551 shares, bringing its total holdings to 207,321 shares valued at approximately $8.4 million.
• CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor at $51.22 each, reducing his ownership by 1.51%, while still retaining a significant stake worth over $50 million.
• Analysts have mixed views on ON Semiconductor's stock, with price targets ranging from $43 to $65, and the current consensus rating is a "Hold" with an average target price of $56.68.

Empowered Funds LLC increased its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 29.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 207,321 shares of the semiconductor company's stock after acquiring an additional 46,551 shares during the period. Empowered Funds LLC's holdings in ON Semiconductor were worth $8,436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of ON Semiconductor during the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 320 shares during the last quarter. Elequin Capital LP lifted its stake in shares of ON Semiconductor by 108.3% during 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 shares of ON Semiconductor during the 1st quarter worth approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of ON Semiconductor by 69.5% during 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. 97.70% of the stock is owned by 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 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 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 filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by company insiders.

ON Semiconductor Stock Down 1.6%

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

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial lifted their target price on ON Semiconductor from $43.00 to $49.00 and gave the company a "hold" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group assumed coverage on ON Semiconductor in a research report on Thursday, July 10th. They set a "neutral" rating and a $60.00 target price for the company. Stifel Nicolaus lifted their target price on ON Semiconductor from $42.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, July 18th. Roth Capital reaffirmed a "buy" rating and set a $70.00 target price (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, June 17th. Finally, UBS Group decreased their target price on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $56.68.

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.