Sequoia Financial Advisors LLC Raises Position in ON Semiconductor Corporation $ON

Sequoia Financial Advisors LLC raised its position in ON Semiconductor Corporation (NASDAQ:ON) by 68.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,672 shares of the semiconductor company’s stock after acquiring an additional 4,354 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ON Semiconductor were worth $559,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of ON Semiconductor by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company’s stock valued at $460,958,000 after acquiring an additional 110,735 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in ON Semiconductor by 15.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,835,332 shares of the semiconductor company’s stock worth $312,774,000 after purchasing an additional 774,087 shares during the period. Baillie Gifford & Co. purchased a new stake in ON Semiconductor in the first quarter worth about $219,001,000. Charles Schwab Investment Management Inc. grew its holdings in ON Semiconductor by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company’s stock worth $103,525,000 after purchasing an additional 55,976 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in 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 during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

ON Semiconductor Stock Down 0.8%

ON opened at $52.53 on Monday. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. 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 $21.48 billion, a PE ratio of 49.09, a PEG ratio of 2.61 and a beta of 1.49. The firm’s 50 day simple moving average is $49.83 and its two-hundred day simple moving average is $48.25.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. The firm’s 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. As a group, equities analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the 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 transaction, the chief executive officer directly owned 977,814 shares in the company, valued at approximately $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of ON Semiconductor from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. B. Riley restated a “neutral” rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. UBS Group lowered their price objective on shares of ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 5th. TD Cowen lowered their price objective on shares of ON Semiconductor from $68.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, August 5th. Finally, Mizuho increased their price objective on shares of ON Semiconductor from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, June 26th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.68.

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.