Baker Ellis Asset Management LLC Acquires 3,755 Shares of ON Semiconductor Corporation $ON

Baker Ellis Asset Management LLC grew its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,379 shares of the semiconductor company’s stock after purchasing an additional 3,755 shares during the period. Baker Ellis Asset Management LLC’s holdings in ON Semiconductor were worth $3,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ON. Baillie Gifford & Co. bought a new stake in shares of ON Semiconductor in the 1st quarter worth $219,001,000. Pacer Advisors Inc. grew its holdings 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 acquiring an additional 2,070,529 shares during the period. Allspring Global Investments Holdings LLC increased its position in ON Semiconductor by 26.3% during the first 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 during the last quarter. Nuveen LLC purchased a new stake in ON Semiconductor during the first quarter valued at $38,548,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in ON Semiconductor by 94.0% in 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 during the period. Institutional investors own 97.70% of the company’s stock.

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 dated 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 transaction, the chief executive officer owned 977,814 shares of the company’s stock, valued at $50,083,633.08. This represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by company insiders.

ON Semiconductor Stock Performance

ON opened at $48.26 on Monday. The firm has a market cap of $19.74 billion, a P/E ratio of 45.10, a PEG ratio of 2.40 and a beta of 1.48. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $76.06. The company has a 50 day simple moving average of $52.99 and a two-hundred day simple moving average of $47.09. 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 (NASDAQ:ON) last announced its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Equities analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial boosted their price target on ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald began coverage on shares of ON Semiconductor in a research report on Wednesday, June 18th. They set a “neutral” rating and a $55.00 target price for the company. Citigroup reduced their target price on shares of ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, August 5th. The Goldman Sachs Group initiated coverage on shares of ON Semiconductor in a research note on Thursday, July 10th. They set a “neutral” rating and a $60.00 price target on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, July 18th. Twelve research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ON Semiconductor has a consensus rating of “Hold” and a consensus price target 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.