Jump Financial LLC Acquires 117,774 Shares of ON Semiconductor Corporation $ON

Key Points

• Jump Financial LLC has significantly increased its holdings in ON Semiconductor by purchasing an additional 117,774 shares, growing its ownership by 1,418.5% in the first quarter.
• In analyst ratings, Truist Financial and Stifel Nicolaus have raised their price targets for ON Semiconductor, with the latter setting a new target of $50.00 and both rating the stock as a "hold."
• ON Semiconductor reported earnings per share of $0.53 for the last quarter, missing expectations slightly, while revenues of $1.47 billion surpassed analyst predictions.

Jump Financial LLC grew its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 1,418.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,077 shares of the semiconductor company's stock after purchasing an additional 117,774 shares during the quarter. Jump Financial LLC's holdings in ON Semiconductor were worth $5,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its position 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 worth $29,000 after purchasing an additional 320 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of ON Semiconductor by 4.8% in the first quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company's stock worth $408,000 after buying an additional 463 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of ON Semiconductor in the first quarter worth about $222,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ON Semiconductor by 15.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,975 shares of the semiconductor company's stock worth $1,070,000 after buying an additional 2,209 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of ON Semiconductor by 57.0% in the first quarter. Exchange Traded Concepts LLC now owns 6,482 shares of the semiconductor company's stock worth $264,000 after buying an additional 2,353 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Analyst Ratings Changes

ON has been the topic of a number of recent analyst reports. Truist Financial increased their price target on shares of ON Semiconductor from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Tuesday, August 5th. Stifel Nicolaus increased their price target on shares of ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, July 18th. JPMorgan Chase & Co. increased their price target on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Citigroup lowered their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Finally, Needham & Company LLC increased their price target on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, August 4th. 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 data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $56.84.

Insider Activity 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 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.31% of the company's stock.

ON Semiconductor Trading Down 1.7%

Shares of ON opened at $50.95 on Tuesday. The firm's 50 day simple moving average is $54.28 and its 200 day simple moving average is $47.30. The company has a market capitalization of $20.84 billion, a P/E ratio of 47.62, a P/E/G ratio of 2.58 and a beta of 1.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. 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 announced 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 company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The company's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Sell-side analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

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.

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