United Services Automobile Association Makes New Investment in ON Semiconductor Corporation $ON

Key Points

• United Services Automobile Association acquired a new position in ON Semiconductor Corporation, purchasing 9,802 shares valued at approximately $401,000.
• Analysts have a generally positive outlook on ON Semiconductor, with a consensus rating of "Hold" and an average target price of $56.68.
• In its latest earnings report, ON Semiconductor posted $0.53 EPS, missing estimates, and reported revenue down 15.4% compared to the previous year.

United Services Automobile Association bought a new stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,802 shares of the semiconductor company's stock, valued at approximately $401,000.

Other large investors have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in ON Semiconductor during the 1st quarter worth $26,000. Golden State Wealth Management LLC lifted its position in ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 320 shares during the last quarter. Elequin Capital LP lifted its position in ON Semiconductor by 108.3% in the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 274 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in ON Semiconductor in the first quarter valued at $41,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in ON Semiconductor by 69.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company's stock valued at $51,000 after acquiring an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Insider Activity

In other news, CEO Hassane El-Khoury sold 15,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the transaction, the chief executive officer directly owned 977,814 shares in the company, valued at $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by company insiders.

ON Semiconductor Stock Performance

NASDAQ ON traded down $0.76 during trading on Friday, reaching $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 has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. The firm has a market cap of $19.74 billion, a price-to-earnings ratio of 45.10, a P/E/G ratio of 2.40 and a beta of 1.48. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06. The business's fifty day moving average price is $52.99 and its 200-day moving average price is $47.09.

ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the firm posted $0.96 earnings per share. The company'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. As a group, analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ON. Cantor Fitzgerald began coverage on shares of ON Semiconductor in a research report on Wednesday, June 18th. They issued a "neutral" rating and a $55.00 price target for the company. Truist Financial boosted their price target on shares of ON Semiconductor from $43.00 to $49.00 and gave the company a "hold" rating in a research report on Tuesday, August 5th. Needham & Company LLC boosted their price target on shares of ON Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Roth Capital reissued a "buy" rating and issued a $70.00 price target (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, June 17th. Finally, KeyCorp boosted their price target on shares of ON Semiconductor from $50.00 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Twelve research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, ON Semiconductor currently has an average rating of "Hold" and an average target price of $56.68.

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.