CX Institutional Acquires 6,457 Shares of ON Semiconductor Corporation $ON

Key Points

• CX Institutional significantly increased its holdings in ON Semiconductor by 205.4%, owning 9,601 shares valued at approximately $503,000 after purchasing an additional 6,457 shares.
• Analysts have raised their price targets for ON Semiconductor, with JPMorgan Chase & Co. increasing its target from $48.00 to $56.00, reflecting a consensus towards a neutral rating for the stock.
• ON Semiconductor reported earnings per share (EPS) of $0.53 for the recent quarter, missing estimates by $0.01 and showing a 15.4% year-over-year revenue decline.

CX Institutional boosted its position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 205.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,601 shares of the semiconductor company's stock after buying an additional 6,457 shares during the period. CX Institutional's holdings in ON Semiconductor were worth $503,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new stake in ON Semiconductor during the 1st quarter worth $219,001,000. Pacer Advisors Inc. lifted its holdings in shares of ON Semiconductor by 2,735.5% during the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock worth $87,330,000 after purchasing an additional 2,070,529 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in 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 purchasing an additional 1,055,461 shares during the period. Nuveen LLC bought a new position in ON Semiconductor during the 1st quarter worth $38,548,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in ON Semiconductor by 94.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company's stock worth $61,145,000 after buying an additional 728,177 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the sale, the chief executive officer directly owned 977,814 shares in the company, valued at approximately $50,083,633.08. This trade represents a 1.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ON shares. Rosenblatt Securities dropped their price target on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 5th. KeyCorp lifted their target price on shares of ON Semiconductor from $50.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Benchmark reissued a "buy" rating and issued a $60.00 price target (up from $50.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Cantor Fitzgerald assumed coverage on shares of ON Semiconductor in a research report on Wednesday, June 18th. They set a "neutral" rating and a $55.00 price objective for the company. Finally, Mizuho increased their target price on shares of ON Semiconductor from $60.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, June 26th. Twelve investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $56.68.

ON Semiconductor Stock Up 0.8%

Shares of NASDAQ ON traded up $0.43 during trading on Monday, hitting $51.50. The stock had a trading volume of 6,139,902 shares, compared to its average volume of 7,088,791. 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 firm has a fifty day moving average of $52.06 and a two-hundred day moving average of $47.30. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06. The company has a market capitalization of $21.06 billion, a PE ratio of 48.13, a PEG ratio of 2.54 and a beta of 1.48.

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). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, equities research analysts forecast 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.