UniSuper Management Pty Ltd Boosts Stock Holdings in ON Semiconductor Corporation $ON

Key Points

• UniSuper Management Pty Ltd increased its stake in ON Semiconductor by 14.8%, owning 110,163 shares valued at $4.48 million after acquiring additional shares in the first quarter.
• Analysts have mixed ratings for ON Semiconductor; with Roth Capital maintaining a "buy" rating and raising the target price to $70.00, while Bank of America and Susquehanna lowered their respective price targets.
• The company reported $1.47 billion in revenue for the last quarter, falling short of EPS estimates by $0.01, indicating a 15.4% year-over-year revenue decline.

UniSuper Management Pty Ltd boosted its holdings in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 14.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,163 shares of the semiconductor company's stock after buying an additional 14,186 shares during the quarter. UniSuper Management Pty Ltd's holdings in ON Semiconductor were worth $4,483,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Elequin Capital LP raised its holdings in ON Semiconductor by 108.3% during the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 274 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in ON Semiconductor by 2.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,025 shares of the semiconductor company's stock worth $530,000 after purchasing an additional 289 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in ON Semiconductor by 5.2% during the 1st quarter. Exencial Wealth Advisors LLC now owns 6,034 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 296 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in ON Semiconductor by 83.3% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 320 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in ON Semiconductor by 4.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company's stock worth $408,000 after purchasing an additional 463 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Insider Transactions at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor 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 trade represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.31% of the company's stock.

ON Semiconductor Stock Down 1.6%

NASDAQ ON traded down $0.76 during mid-day trading on Friday, hitting $48.26. The company's stock had a trading volume of 4,282,500 shares, compared to its average volume of 6,222,369. The company's 50 day simple moving average is $52.99 and its 200 day simple moving average is $47.09. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06. 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 market capitalization of $19.74 billion, a price-to-earnings ratio of 45.10, a PEG ratio of 2.40 and a beta of 1.48.

ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its quarterly 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). 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 analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $0.96 EPS. The business's revenue for the quarter 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. Analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ON. Bank of America lowered their price target on shares of ON Semiconductor from $56.00 to $52.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Stifel Nicolaus raised their price target 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. The Goldman Sachs Group started coverage on shares of ON Semiconductor in a research report on Thursday, July 10th. They set a "neutral" rating and a $60.00 price objective for the company. Piper Sandler reaffirmed an "overweight" rating on shares of ON Semiconductor in a research report on Monday, August 4th. Finally, Needham & Company LLC raised their price objective on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $56.68.

ON Semiconductor Company 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.