Gradient Investments LLC Buys New Shares in ON Semiconductor Corporation $ON

Key Points

• Gradient Investments LLC acquired a new stake in ON Semiconductor, purchasing 27,747 shares worth approximately $1.45 million during the 2nd quarter.
• Several institutional investors, including Ameriprise Financial and Pacer Advisors, have significantly increased their holdings in ON Semiconductor.
• The company reported earnings per share of $0.53 for the latest quarter, missing analyst expectations while revenues decreased by 15.4% year-over-year.

Gradient Investments LLC bought a new stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,747 shares of the semiconductor company's stock, valued at approximately $1,454,000.

Several other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of ON Semiconductor by 1.0% in the 1st quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company's stock valued at $460,958,000 after acquiring an additional 110,735 shares during the period. Baillie Gifford & Co. acquired a new position in shares of ON Semiconductor in the 1st quarter valued at $219,001,000. Allspring Global Investments Holdings LLC grew its position in ON Semiconductor by 26.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company's stock worth $203,462,000 after purchasing an additional 1,055,461 shares during the period. Charles Schwab Investment Management Inc. grew its position in ON Semiconductor by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company's stock worth $103,525,000 after purchasing an additional 55,976 shares during the period. Finally, Pacer Advisors Inc. grew its position in ON Semiconductor by 2,735.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock worth $87,330,000 after purchasing an additional 2,070,529 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ON. Cantor Fitzgerald began coverage on ON Semiconductor in a research report on Wednesday, June 18th. They set a "neutral" rating and a $55.00 price target on the stock. Roth Capital reaffirmed a "buy" rating and set a $70.00 price target (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, June 17th. B. Riley reaffirmed a "neutral" rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. Benchmark reaffirmed a "buy" rating and set a $60.00 price target (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Finally, Bank of America cut their price target on ON Semiconductor from $56.00 to $52.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. Twelve research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, ON Semiconductor presently has a consensus rating of "Hold" and an average price target of $56.68.

ON Semiconductor Trading Down 0.3%

ON opened at $48.11 on Tuesday. 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 company's 50 day simple moving average is $52.86 and its two-hundred day simple moving average is $47.10. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $76.06. The firm has a market capitalization of $19.68 billion, a price-to-earnings ratio of 44.96, a price-to-earnings-growth ratio of 2.40 and a beta of 1.48.

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

Insiders Place Their Bets

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 $50,083,633.08. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

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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