GC Wealth Management RIA LLC Buys Shares of 7,646 ON Semiconductor Corporation $ON

Key Points

• GC Wealth Management RIA LLC purchased 7,646 shares of ON Semiconductor Corporation, valued at approximately $401,000, in the 2nd quarter.
• Wall Street analysts have varying ratings for ON Semiconductor, with a consensus average target price of $56.68 and 12 analysts rating it as a "Buy".
• ON Semiconductor reported a quarterly earnings miss, with $0.53 earnings per share compared to analyst estimates of $0.54, despite revenue slightly exceeding expectations.

GC Wealth Management RIA LLC bought a new stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 7,646 shares of the semiconductor company's stock, valued at approximately $401,000.

Several other institutional investors also recently bought and sold shares of ON. Costello Asset Management INC acquired a new position in ON Semiconductor in the 1st quarter valued at about $26,000. Golden State Wealth Management LLC grew its position 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 valued at $29,000 after acquiring an additional 320 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in ON Semiconductor in the 1st quarter valued at about $41,000. Geneos Wealth Management Inc. grew its position in ON Semiconductor by 61.2% in the 1st 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. Finally, Rakuten Securities Inc. grew its position in ON Semiconductor by 61.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,376 shares of the semiconductor company's stock valued at $56,000 after acquiring an additional 526 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ON. 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. KeyCorp boosted their price objective on ON Semiconductor from $50.00 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Susquehanna reissued a "positive" rating and set a $65.00 price objective (down from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Piper Sandler reissued an "overweight" rating on shares of ON Semiconductor in a research report on Monday, August 4th. Finally, Rosenblatt Securities lowered their price objective 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 investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $56.68.

ON Semiconductor Stock Down 1.9%

ON opened at $48.35 on Thursday. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The firm has a market cap of $19.77 billion, a P/E ratio of 45.19, a PEG ratio of 2.45 and a beta of 1.49. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $76.06. The business's fifty day simple moving average is $50.61 and its 200 day simple moving average is $47.57.

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 (EPS) 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 analyst estimates of $1.45 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The firm's quarterly revenue was down 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, equities research analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

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.

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