Scientech Research LLC Increases Position in ON Semiconductor Corporation $ON

Key Points

• Scientech Research LLC increased its holdings in ON Semiconductor by 74.2% in Q1, now owning 19,395 shares worth $789,000.
• Institutional investors control 97.70% of ON Semiconductor's stock, indicating strong institutional interest in the company.
• ON Semiconductor's recent earnings report showed $0.53 EPS, slightly missing consensus estimates, with a revenue of $1.47 billion.

Scientech Research LLC increased its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 74.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,395 shares of the semiconductor company's stock after acquiring an additional 8,259 shares during the quarter. Scientech Research LLC's holdings in ON Semiconductor were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of ON. Baillie Gifford & Co. acquired a new position in ON Semiconductor in the 1st quarter valued at about $219,001,000. Pacer Advisors Inc. boosted its holdings in ON Semiconductor by 2,735.5% in the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock valued at $87,330,000 after purchasing an additional 2,070,529 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in ON Semiconductor by 26.3% in 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 purchasing an additional 1,055,461 shares during the last quarter. Nuveen LLC acquired a new position in ON Semiconductor in the 1st quarter valued at about $38,548,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in ON Semiconductor by 94.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company's stock valued at $61,145,000 after purchasing an additional 728,177 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Hassane El-Khoury sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the sale, the chief executive officer directly owned 977,814 shares of the company's stock, valued at $50,083,633.08. This represents a 1.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ON has been the topic of several recent analyst reports. KGI Securities initiated coverage on shares of ON Semiconductor in a report on Friday, May 23rd. They issued a "neutral" rating on the stock. Piper Sandler restated an "overweight" rating on shares of ON Semiconductor in a report on Monday, August 4th. Bank of America decreased their price objective on shares of ON Semiconductor from $56.00 to $52.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Finally, TD Cowen decreased their price objective on shares of ON Semiconductor from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $56.68.

ON Semiconductor Stock Down 1.6%

ON traded down $0.76 during trading hours on Friday, hitting $48.26. 4,282,500 shares of the company's stock were exchanged, compared to its average volume of 6,222,369. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $76.06. The firm has a 50 day moving average of $52.99 and a 200 day moving average of $47.09. The firm has a market cap of $19.74 billion, a P/E ratio of 45.10, a price-to-earnings-growth ratio of 2.40 and a beta of 1.48. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42.

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 the consensus estimate of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the previous year, the company earned $0.96 earnings per share. ON Semiconductor's quarterly revenue was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor 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.