Quantitative Investment Management LLC acquired a new stake in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 101,450 shares of the semiconductor company's stock, valued at approximately $4,128,000.
Several other large investors have also bought and sold shares of ON. Baillie Gifford & Co. bought a new stake in ON Semiconductor during the 1st quarter valued at approximately $219,001,000. Pacer Advisors Inc. boosted its position 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 valued at $87,330,000 after acquiring an additional 2,070,529 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position 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 valued at $203,462,000 after acquiring an additional 1,055,461 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of ON Semiconductor by 9.2% in the 4th quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock worth $780,387,000 after purchasing an additional 1,041,989 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of ON Semiconductor in the 4th quarter worth approximately $62,426,000. 97.70% of the stock is owned by institutional investors.
ON Semiconductor Stock Performance
ON traded up $0.26 during mid-day trading on Wednesday, reaching $51.25. 6,142,808 shares of the company traded hands, compared to its average volume of 9,923,186. The stock has a market capitalization of $20.96 billion, a P/E ratio of 47.90, a P/E/G ratio of 2.54 and a beta of 1.45. 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 company's fifty day moving average price is $54.22 and its 200-day moving average price is $47.36. 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 announced its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. ON Semiconductor's quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, sell-side analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.
Analyst Ratings Changes
ON has been the topic of a number of analyst reports. Mizuho boosted their price target on ON Semiconductor from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Susquehanna reissued a "positive" rating and issued a $65.00 price target (down from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. B. Riley reissued a "neutral" rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. The Goldman Sachs Group initiated coverage on ON Semiconductor in a research report on Thursday, July 10th. They issued a "neutral" rating and a $60.00 price target on the stock. Finally, UBS Group dropped their price target on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $56.84.
View Our Latest Stock Analysis on ON Semiconductor
Insider Activity at ON Semiconductor
In other news, CEO Hassane El-Khoury sold 15,000 shares of the company's stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.31% of the stock is owned by company insiders.
ON Semiconductor Company Profile
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Free Report)
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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