GAMMA Investing LLC Has $856,000 Position in ON Semiconductor Corporation $ON

Key Points

• GAMMA Investing LLC significantly increased its stake in ON Semiconductor by 166.8% during the 2nd quarter, owning 16,330 shares valued at $856,000.
• ON Semiconductor reported earnings per share of $0.53 for the latest quarter, which fell short of analysts' expectations by $0.01, while revenue was recorded at $1.47 billion.
• Several institutional investors, including Moody National Bank Trust Division and Sowell Financial Services LLC, have also increased their holdings in ON Semiconductor, contributing to a 97.70% institutional ownership of the company.

GAMMA Investing LLC lifted its stake in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 166.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,330 shares of the semiconductor company's stock after purchasing an additional 10,210 shares during the quarter. GAMMA Investing LLC's holdings in ON Semiconductor were worth $856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Moody National Bank Trust Division boosted its position in ON Semiconductor by 1.5% in the second quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company's stock valued at $598,000 after buying an additional 169 shares in the last quarter. Sowell Financial Services LLC boosted its holdings in shares of ON Semiconductor by 4.1% during the 2nd quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company's stock valued at $297,000 after acquiring an additional 223 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in ON Semiconductor by 2.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,025 shares of the semiconductor company's stock worth $530,000 after acquiring an additional 289 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in ON Semiconductor by 5.2% during the 1st quarter. Exencial Wealth Advisors LLC now owns 6,034 shares of the semiconductor company's stock worth $246,000 after acquiring an additional 296 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in ON Semiconductor by 83.3% in 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 in the last quarter. Institutional investors own 97.70% of the company's stock.

Insider Buying and Selling

In other news, CEO Hassane El-Khoury sold 15,000 shares of the 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 owned 977,814 shares of the company's stock, valued at $50,083,633.08. This represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ON. Wells Fargo & Company dropped their price target on shares of ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Tuesday, August 5th. UBS Group cut their target price on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Roth Capital reiterated a "buy" rating and issued a $70.00 price target (up previously from $50.00) on shares of ON Semiconductor in a research report on Tuesday, June 17th. JPMorgan Chase & Co. increased their price target on ON Semiconductor from $48.00 to $56.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald started coverage on ON Semiconductor in a research note on Wednesday, June 18th. They issued a "neutral" rating and a $55.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $56.68.

ON Semiconductor Stock Down 2.1%

Shares of ON Semiconductor stock opened at $50.42 on Wednesday. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $76.06. 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 stock's 50-day moving average is $51.89 and its 200 day moving average is $47.32. The firm has a market cap of $20.62 billion, a price-to-earnings ratio of 47.12, a PEG ratio of 2.56 and a beta of 1.48.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its 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). The business 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 for the quarter was down 15.4% compared to the same quarter last year. During the same quarter 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. Equities research analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS 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.

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