EntryPoint Capital LLC Invests $421,000 in ON Semiconductor Corporation $ON

Key Points

• EntryPoint Capital LLC acquired a new stake in ON Semiconductor, purchasing 10,345 shares valued at approximately $421,000.
• ON Semiconductor's stock has been downgraded by multiple analysts, with target prices ranging from $34.00 to $68.00, reflecting varied outlooks on the company's performance.
• CEO Hassane El-Khoury sold 15,000 shares at an average price of $51.22, representing a 1.51% decrease in their ownership of the company's stock.

EntryPoint Capital LLC acquired a new position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,345 shares of the semiconductor company's stock, valued at approximately $421,000.

A number of other large investors have also recently bought and sold shares of the business. Elequin Capital LP boosted 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 purchasing an additional 274 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in ON Semiconductor by 2.3% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,025 shares of the semiconductor company's stock valued at $530,000 after acquiring an additional 289 shares during the period. Exencial Wealth Advisors LLC boosted its holdings in ON Semiconductor by 5.2% during the first quarter. Exencial Wealth Advisors LLC now owns 6,034 shares of the semiconductor company's stock valued at $246,000 after acquiring an additional 296 shares during the period. NewEdge Advisors LLC boosted its holdings in ON Semiconductor by 1.2% during the fourth quarter. NewEdge Advisors LLC now owns 26,552 shares of the semiconductor company's stock valued at $1,674,000 after acquiring an additional 312 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in ON Semiconductor by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 320 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Insider Transactions at ON Semiconductor

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ON shares. Bank of America restated a "neutral" rating and set a $56.00 price target (down from $70.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Piper Sandler restated an "overweight" rating on shares of ON Semiconductor in a report on Monday, August 4th. Mizuho increased their target price on shares of ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. Rosenblatt Securities reduced their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, August 5th. Finally, Stifel Nicolaus increased their target price on shares of ON Semiconductor from $42.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Twelve investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $56.84.

ON Semiconductor Price Performance

Shares of ON Semiconductor stock traded up $3.04 during midday trading on Friday, reaching $51.85. The company had a trading volume of 9,736,609 shares, compared to its average volume of 10,236,848. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 48.46, a price-to-earnings-growth ratio of 2.58 and a beta of 1.45. The stock has a fifty day simple moving average of $54.34 and a 200 day simple moving average of $47.34. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $78.61.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued 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 company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business earned $0.96 EPS. The business'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. As a group, equities research analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

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.