Mirae Asset Global Investments Co. Ltd. Purchases 60,050 Shares of ON Semiconductor Corporation $ON

Key Points

• Mirae Asset Global Investments increased its stake in ON Semiconductor by 7.9%, purchasing an additional 60,050 shares, bringing their total to 818,390 shares valued at approximately $42.9 million.
• ON Semiconductor reported earnings of $0.53 per share for the recent quarter, missing expectations slightly, while also showing a 15.4% decline in revenue year-over-year.
• Analysts have mixed ratings on ON Semiconductor, with twelve giving it a "Buy" rating and fourteen a "Hold," while the average price target is set at $56.68.

Mirae Asset Global Investments Co. Ltd. grew its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 818,390 shares of the semiconductor company's stock after purchasing an additional 60,050 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.20% of ON Semiconductor worth $42,892,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ON. Costello Asset Management INC bought a new position in shares of ON Semiconductor in the first quarter valued at approximately $26,000. Golden State Wealth Management LLC raised its position in shares of ON Semiconductor by 83.3% in the first 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 period. Opal Wealth Advisors LLC bought a new position in shares of ON Semiconductor in the first quarter valued at approximately $41,000. Geneos Wealth Management Inc. lifted its holdings in shares of ON Semiconductor by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company's stock worth $54,000 after buying an additional 507 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of ON Semiconductor by 61.9% during the first quarter. Rakuten Securities Inc. now owns 1,376 shares of the semiconductor company's stock worth $56,000 after buying an additional 526 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

ON Semiconductor Stock Performance

ON Semiconductor stock opened at $48.74 on Friday. 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 has a fifty day moving average price of $50.48 and a two-hundred day moving average price of $47.60. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $76.06. The firm has a market capitalization of $19.93 billion, a P/E ratio of 45.55, a P/E/G ratio of 2.41 and a beta of 1.49.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. The business's revenue 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. As a group, analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on ON Semiconductor from $48.00 to $56.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Wells Fargo & Company cut their price target on ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, August 5th. Stifel Nicolaus upped their price target on ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, July 18th. Needham & Company LLC upped their price target on ON Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, Benchmark reiterated a "buy" rating and set a $60.00 price target (up from $50.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, ON Semiconductor has an average rating of "Hold" and an average target price of $56.68.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 977,814 shares in the company, valued at $50,083,633.08. This 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 link. 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.

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ON Semiconductor Corporation (NASDAQ:ON - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.