Nissay Asset Management Corp Japan ADV Acquires 16,627 Shares of ON Semiconductor Corporation $ON

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in ON Semiconductor Corporation by 8.8%, acquiring an additional 16,627 shares and bringing its total to 205,363 shares worth approximately $8.36 million.
• Institutional investors own 97.70% of ON Semiconductor's stock, with significant stakes acquired by various hedge funds during the 1st quarter, highlighting increased interest in the company.
• ON Semiconductor reported a net margin of 7.28% and earnings per share of $0.53 for the last quarter, missing estimates but surpassing revenue expectations at $1.47 billion.

Nissay Asset Management Corp Japan ADV grew its holdings in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,363 shares of the semiconductor company's stock after purchasing an additional 16,627 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in ON Semiconductor were worth $8,356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ON. Baillie Gifford & Co. bought a new stake in shares of ON Semiconductor in the first quarter valued at approximately $219,001,000. Pacer Advisors Inc. increased its holdings 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 acquiring an additional 2,070,529 shares during the period. Allspring Global Investments Holdings LLC increased its holdings 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 acquiring an additional 1,055,461 shares during the period. Janus Henderson Group PLC increased its holdings in ON Semiconductor by 9.2% during the 4th quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock worth $780,387,000 after acquiring an additional 1,041,989 shares during the period. Finally, Nuveen LLC bought a new stake in ON Semiconductor during the 1st quarter worth approximately $38,548,000. Institutional investors own 97.70% of the company's stock.

Insider Activity

In other news, CEO Hassane El-Khoury sold 15,000 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer owned 977,814 shares of the company's stock, valued at approximately $50,083,633.08. This represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ON shares. KeyCorp upped their target price on shares of ON Semiconductor from $50.00 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Stifel Nicolaus upped their target price 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. UBS Group decreased their target price on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, August 5th. Cantor Fitzgerald assumed coverage on shares of ON Semiconductor in a report on Wednesday, June 18th. They set a "neutral" rating and a $55.00 target price on the stock. Finally, Roth Capital reissued a "buy" rating and issued a $70.00 price target (up previously from $50.00) on shares of ON Semiconductor in a research note on Tuesday, June 17th. 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 stock presently has a consensus rating of "Hold" and an average target price of $56.68.

ON Semiconductor Price Performance

ON stock opened at $49.10 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. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $76.06. The stock has a market cap of $20.08 billion, a PE ratio of 45.89, a P/E/G ratio of 2.44 and a beta of 1.48. The firm has a 50 day simple moving average of $53.65 and a two-hundred day simple moving average of $47.25.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings data 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). ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. 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 company posted $0.96 EPS. ON Semiconductor's revenue for the quarter was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, analysts predict that ON Semiconductor Corporation will post 2.6 EPS 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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