ON Semiconductor Corporation (NASDAQ:ON) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• ON Semiconductor Corporation has received an average broker recommendation of "Hold" from 27 ratings firms, with 15 firms rating it as hold and 12 as buy.
• The company reported $0.53 EPS for the last quarter, missing the analysts' expectations of $0.54, and its revenue was down 15.4% year-over-year.
• Institutional investors own approximately 97.70% of ON Semiconductor's stock, indicating strong support from hedge funds and other large investors.

ON Semiconductor Corporation (NASDAQ:ON - Get Free Report) has been assigned an average recommendation of "Hold" from the twenty-seven ratings firms that are currently covering the firm, MarketBeat reports. Fifteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $56.68.

A number of brokerages have commented on ON. Weiss Ratings restated a "hold (c-)" rating on shares of ON Semiconductor in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price target on shares of ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday, August 5th. The Goldman Sachs Group began coverage on shares of ON Semiconductor in a research report on Thursday, July 10th. They issued a "neutral" rating and a $60.00 price target for the company. Citigroup lowered their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, August 5th. Finally, Truist Financial upped their price target on shares of ON Semiconductor from $43.00 to $49.00 and gave the stock a "hold" rating in a research report on Tuesday, August 5th.

ON Semiconductor Price Performance

Shares of ON stock opened at $50.11 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. The company has a market capitalization of $20.49 billion, a P/E ratio of 46.83, a P/E/G ratio of 2.28 and a beta of 1.49. The company's 50-day simple moving average is $49.51 and its two-hundred day simple moving average is $47.91. ON Semiconductor has a one year low of $31.04 and a one year high of $76.06.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its 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). The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.ON Semiconductor's revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, equities analysts anticipate that ON Semiconductor will post 2.6 EPS for the current year.

Insider Buying and Selling at ON Semiconductor

In other 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 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 represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company's stock.

Institutional Investors Weigh In On ON Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of ON. Baillie Gifford & Co. purchased a new stake in ON Semiconductor during the first quarter valued at approximately $219,001,000. Norges Bank purchased a new stake in ON Semiconductor during the second quarter valued at approximately $228,835,000. Rafferty Asset Management LLC lifted its position in ON Semiconductor by 55.0% during the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company's stock valued at $305,943,000 after acquiring an additional 2,072,125 shares during the last quarter. Pacer Advisors Inc. lifted its position in ON Semiconductor by 2,735.5% during the first 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 during the last quarter. Finally, M&G PLC lifted its position in ON Semiconductor by 164.2% during the second quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company's stock valued at $127,873,000 after acquiring an additional 1,528,311 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.