Huntington National Bank Buys 1,902 Shares of ON Semiconductor Corporation $ON

Huntington National Bank raised its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 49.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,712 shares of the semiconductor company’s stock after purchasing an additional 1,902 shares during the quarter. Huntington National Bank’s holdings in ON Semiconductor were worth $299,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in ON Semiconductor in the 2nd quarter valued at approximately $29,000. Costello Asset Management INC bought a new stake in shares of ON Semiconductor during the first quarter valued at approximately $26,000. Ameritas Advisory Services LLC acquired a new position in shares of ON Semiconductor in the second quarter valued at $57,000. Ridgewood Investments LLC bought a new position in ON Semiconductor in the second quarter worth $68,000. Finally, Geneos Wealth Management Inc. boosted its stake in ON Semiconductor by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after buying an additional 507 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Trading Down 2.6%

Shares of ON opened at $48.80 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. The company has a market cap of $19.64 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 2.58 and a beta of 1.56. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $74.52. The stock has a fifty day moving average price of $50.08 and a two-hundred day moving average price of $49.74.

ON Semiconductor (NASDAQ:ON) last issued 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. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business posted $0.99 earnings per share. ON Semiconductor’s revenue for the quarter was down 12.0% compared to the same quarter last year. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Analysts Set New Price Targets

ON has been the subject of a number of recent research reports. Cfra restated a “buy” rating and issued a $64.00 price objective on shares of ON Semiconductor in a research note on Tuesday. Piper Sandler reissued an “overweight” rating on shares of ON Semiconductor in a research report on Monday, August 4th. UBS Group lifted their price objective on ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Stifel Nicolaus increased their target price on ON Semiconductor from $42.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, July 18th. Finally, B. Riley reaffirmed a “neutral” rating on shares of ON Semiconductor in a research note on Tuesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, ON Semiconductor has an average rating of “Hold” and a consensus price target of $59.08.

Insiders Place Their Bets

In other ON Semiconductor 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 transaction of $768,300.00. Following the completion of the sale, the chief executive officer directly owned 977,814 shares of the company’s stock, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.31% 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.