ON Semiconductor Corporation $ON Shares Purchased by National Pension Service

National Pension Service lifted its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 19.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 25,121 shares of the semiconductor company’s stock after purchasing an additional 4,049 shares during the period. National Pension Service’s holdings in ON Semiconductor were worth $1,317,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ON. Moody National Bank Trust Division grew its stake in ON Semiconductor by 1.5% during the second quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock worth $598,000 after buying an additional 169 shares during the period. Freedom Investment Management Inc. lifted its holdings in ON Semiconductor by 2.6% in the 2nd quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock worth $412,000 after buying an additional 196 shares in the last quarter. New York Life Investment Management LLC boosted its position in ON Semiconductor by 0.4% in the 2nd quarter. New York Life Investment Management LLC now owns 62,678 shares of the semiconductor company’s stock valued at $3,285,000 after buying an additional 221 shares during the last quarter. Sowell Financial Services LLC grew its stake in shares of ON Semiconductor by 4.1% during the second quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 223 shares in the last quarter. Finally, Applied Finance Capital Management LLC increased its position in shares of ON Semiconductor by 2.2% during the second quarter. Applied Finance Capital Management LLC now owns 10,668 shares of the semiconductor company’s stock worth $559,000 after acquiring an additional 225 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor Price Performance

Shares of NASDAQ ON opened at $46.92 on Friday. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 2.58 and a beta of 1.56. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $74.52. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $50.00 and a two-hundred day moving average of $50.25.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.ON Semiconductor’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ON shares. Benchmark reiterated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Wells Fargo & Company decreased their price objective on shares of ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, August 5th. Robert W. Baird boosted their target price on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Truist Financial upped their price objective on ON Semiconductor from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. Finally, Bank of America decreased their target price on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Fourteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.08.

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.