MBB Public Markets I LLC Purchases New Stake in ON Semiconductor Corporation $ON

Key Points

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MBB Public Markets I LLC acquired a new stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,283 shares of the semiconductor company's stock, valued at approximately $296,000.

Several other hedge funds have also recently bought and sold shares of ON. Costello Asset Management INC bought a new stake in ON Semiconductor in the 1st quarter valued at about $26,000. Golden State Wealth Management LLC lifted 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 purchasing an additional 320 shares during the last quarter. Elequin Capital LP lifted its position in ON Semiconductor by 108.3% in the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 274 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in ON Semiconductor in the 1st quarter valued at about $41,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in ON Semiconductor by 69.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 518 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 value of $768,300.00. Following the transaction, the chief executive officer owned 977,814 shares of the company's stock, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

ON Semiconductor Price Performance

Shares of ON Semiconductor stock traded down $0.76 during mid-day trading on Friday, reaching $48.26. 4,282,500 shares of the stock were exchanged, compared to its average volume of 6,222,369. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 2.40 and a beta of 1.48. 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 firm has a 50-day simple moving average of $52.99 and a 200 day simple moving average of $47.09. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $76.06.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). The company had revenue of $1.47 billion for 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 firm's revenue was down 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, sell-side analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on ON shares. Citigroup dropped their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 5th. TD Cowen dropped their price target on shares of ON Semiconductor from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Truist Financial boosted their price target on shares of ON Semiconductor from $43.00 to $49.00 and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Stifel Nicolaus boosted their price target on shares of ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, July 18th. Finally, KGI Securities began coverage on shares of ON Semiconductor in a research note on Friday, May 23rd. They issued a "neutral" rating on the stock. Twelve investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $56.68.

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.