ON Semiconductor Corporation $ON Shares Bought by Analog Century Management LP

Key Points

• Analog Century Management LP increased its stake in ON Semiconductor Corporation by 1.7% during Q1, owning over 1.13 million shares valued at approximately $46 million.
• ON Semiconductor reported $0.53 EPS for the last quarter, slightly missing the consensus estimate, with revenues reaching $1.47 billion.
• Analysts have set diverse price targets for ON Semiconductor, with an average price target of $56.84 and 12 analysts rating the stock as a Buy.

Analog Century Management LP grew its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,135,587 shares of the semiconductor company's stock after acquiring an additional 19,006 shares during the quarter. ON Semiconductor comprises 3.7% of Analog Century Management LP's holdings, making the stock its 15th largest position. Analog Century Management LP owned 0.27% of ON Semiconductor worth $46,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ON. Baillie Gifford & Co. purchased a new position in shares of ON Semiconductor in the first quarter valued at approximately $219,001,000. Pacer Advisors Inc. lifted its position in shares of ON Semiconductor by 2,735.5% in the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock valued at $87,330,000 after acquiring an additional 2,070,529 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of ON Semiconductor by 26.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company's stock valued at $203,462,000 after acquiring an additional 1,055,461 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of ON Semiconductor by 9.2% in the fourth quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock valued at $780,387,000 after acquiring an additional 1,041,989 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of ON Semiconductor in the fourth quarter valued at approximately $62,426,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

ON Semiconductor Price Performance

ON stock opened at $50.78 on Friday. The business has a fifty day moving average of $54.20 and a two-hundred day moving average of $47.38. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 47.46, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $78.61.

ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its earnings results 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). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.ON Semiconductor's revenue was down 15.4% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, research analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on ON shares. Susquehanna reiterated a "positive" rating and set a $65.00 price objective (down previously from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Piper Sandler reiterated an "overweight" rating on shares of ON Semiconductor in a research report on Monday, August 4th. Roth Capital reiterated a "buy" rating and set a $70.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a research report on Tuesday, June 17th. Robert W. Baird reduced their price objective on ON Semiconductor from $42.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lifted their price objective on ON Semiconductor from $48.00 to $56.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to data from MarketBeat, ON Semiconductor presently has an average rating of "Hold" and an average price target of $56.84.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the firm's 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 sale, the chief executive officer owned 977,814 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by company insiders.

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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