ON Semiconductor (NASDAQ:ON) Announces Earnings Results

ON Semiconductor (NASDAQ:ON) posted its quarterly earnings results on Monday. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04, Zacks reports. The company had revenue of $1.55 billion for 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. ON Semiconductor updated its Q4 2025 guidance to 0.570-0.670 EPS.

ON Semiconductor Trading Down 4.3%

ON opened at $48.28 on Wednesday. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of 45.12, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. ON Semiconductor has a 52 week low of $31.04 and a 52 week high of $74.52. The business’s 50 day moving average is $50.14 and its two-hundred day moving average is $49.74. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ON shares. JPMorgan Chase & Co. increased their price target on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Cowen reissued a “buy” rating on shares of ON Semiconductor in a research report on Tuesday. Susquehanna reissued a “positive” rating and set a $65.00 target price (down previously from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. KeyCorp raised their target price on ON Semiconductor from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, Williams Trading set a $60.00 target price on ON Semiconductor in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, ON Semiconductor has an average rating of “Hold” and an average target price of $59.08.

Insider Buying and Selling

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total transaction of $768,300.00. Following the transaction, the chief executive officer owned 977,814 shares of the company’s stock, valued at $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ON. Rafferty Asset Management LLC increased 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 worth $305,943,000 after buying an additional 2,072,125 shares during the period. Alliancebernstein L.P. increased its position in ON Semiconductor by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after buying an additional 1,523,866 shares during the period. Ameriprise Financial Inc. increased its position in ON Semiconductor by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after buying an additional 877,533 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in ON Semiconductor during the second quarter worth approximately $22,189,000. Finally, Shellback Capital LP purchased a new position in shares of ON Semiconductor in the 2nd quarter valued at approximately $13,102,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

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.