Voleon Capital Management LP acquired a new position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,510 shares of the semiconductor company's stock, valued at approximately $265,000.
Several other hedge funds have also added to or reduced their stakes in ON. Baillie Gifford & Co. purchased a new position in shares of ON Semiconductor in the first quarter worth about $219,001,000. Pacer Advisors Inc. increased its stake in shares of ON Semiconductor by 2,735.5% in 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 in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of 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 worth $203,462,000 after purchasing an additional 1,055,461 shares in the last quarter. Nuveen LLC purchased a new position in ON Semiconductor during the first quarter valued at approximately $38,548,000. Finally, Price T Rowe Associates Inc. MD grew its stake in ON Semiconductor by 94.0% during the first 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 acquiring an additional 728,177 shares in the last quarter. Institutional investors own 97.70% of the company's stock.
Wall Street Analysts Forecast Growth
ON has been the subject of several recent analyst reports. B. Riley reaffirmed a "neutral" rating on shares of ON Semiconductor in a research note on Tuesday, August 5th. Mizuho boosted their price objective on shares of ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. UBS Group reduced their price objective on shares of ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Benchmark reaffirmed a "buy" rating and set a $60.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $56.68.
Check Out Our Latest Research Report on ON Semiconductor
ON Semiconductor Price Performance
ON stock traded down $0.76 during midday trading on Friday, reaching $48.26. The company had a trading volume of 4,282,500 shares, compared to its average volume of 6,386,863. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. ON Semiconductor Corporation has a 1 year low of $31.04 and a 1 year high of $76.06. The company has a market capitalization of $19.74 billion, a P/E ratio of 45.10, a P/E/G ratio of 2.44 and a beta of 1.48. The firm has a 50-day moving average price of $52.99 and a 200-day moving average price of $47.09.
ON Semiconductor (NASDAQ:ON - Get Free Report) last released its quarterly earnings results 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 return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the prior year, the firm earned $0.96 EPS. 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. On average, research analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.
Insider Buying and Selling at ON Semiconductor
In other news, CEO Hassane El-Khoury sold 15,000 shares of the business'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 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 approximately $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company's stock.
About ON Semiconductor
(
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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