Ensign Peak Advisors Inc Has $6.86 Million Position in ON Semiconductor Corporation $ON

Ensign Peak Advisors Inc lessened its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 9.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,910 shares of the semiconductor company’s stock after selling 13,490 shares during the period. Ensign Peak Advisors Inc’s holdings in ON Semiconductor were worth $6,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its holdings in ON Semiconductor by 39.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock worth $7,328,000 after acquiring an additional 39,530 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of ON Semiconductor by 7.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock worth $42,892,000 after purchasing an additional 60,050 shares during the last quarter. United Services Automobile Association bought a new stake in ON Semiconductor during the 1st quarter valued at approximately $401,000. Mizuho Markets Cayman LP grew its holdings in ON Semiconductor by 2,345.0% in the 2nd quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock valued at $7,904,000 after buying an additional 144,639 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in ON Semiconductor by 4.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company’s stock worth $408,000 after buying an additional 463 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ON shares. Wells Fargo & Company reduced their price objective on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, August 5th. Susquehanna reiterated a “positive” rating and issued a $65.00 target price (down previously from $75.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Robert W. Baird boosted their price target on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Needham & Company LLC raised their price objective on ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Finally, TD Cowen lifted their price objective on ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ON Semiconductor currently has a consensus rating of “Hold” and a consensus price target of $59.12.

ON Semiconductor Trading Up 1.5%

ON stock opened at $47.39 on Tuesday. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year 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 business’s 50 day moving average is $49.71 and its 200-day moving average is $50.61. The firm has a market cap of $19.07 billion, a P/E ratio of 44.29, a P/E/G ratio of 2.58 and a beta of 1.56.

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

ON Semiconductor announced that its Board of Directors has initiated a share repurchase program on Tuesday, November 18th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to buy up to 32.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

ON Semiconductor 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.