Applied Finance Capital Management LLC Has $559,000 Holdings in ON Semiconductor Corporation $ON

Applied Finance Capital Management LLC increased its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,668 shares of the semiconductor company’s stock after purchasing an additional 225 shares during the period. Applied Finance Capital Management LLC’s holdings in ON Semiconductor were worth $559,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Mattson Financial Services LLC acquired a new stake in shares of ON Semiconductor during the second quarter worth $247,000. Praxis Investment Management Inc. acquired a new stake in shares of ON Semiconductor during the second quarter worth $237,000. Generali Asset Management SPA SGR acquired a new stake in shares of ON Semiconductor during the second quarter worth $1,522,000. Bayforest Capital Ltd grew its stake in shares of ON Semiconductor by 7.2% during the second quarter. Bayforest Capital Ltd now owns 14,088 shares of the semiconductor company’s stock worth $738,000 after purchasing an additional 949 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of ON Semiconductor by 68.9% during the second quarter. Sequoia Financial Advisors LLC now owns 10,672 shares of the semiconductor company’s stock worth $559,000 after purchasing an additional 4,354 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of the business’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 sale, 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 document filed with the SEC, which is available at the SEC website. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ON has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on ON Semiconductor in a research note on Thursday, July 10th. They issued a “neutral” rating and a $60.00 target price for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of ON Semiconductor in a research note on Wednesday, October 8th. Benchmark reissued a “buy” rating and issued a $60.00 target price (up from $50.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. JPMorgan Chase & Co. boosted their target price on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, TD Cowen decreased their target price on ON Semiconductor from $68.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $56.68.

ON Semiconductor Stock Performance

Shares of ON Semiconductor stock opened at $52.53 on Friday. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 49.09, a price-to-earnings-growth ratio of 2.64 and a beta of 1.49. The stock’s 50-day moving average is $49.83 and its 200-day moving average is $48.11. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $76.06. 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 issued 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). The firm had revenue of $1.47 billion during 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 business’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Equities analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

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.