Hennessy Advisors Inc. Purchases Shares of 2,723 ON Semiconductor Corporation $ON

Hennessy Advisors Inc. acquired a new position in shares of ON Semiconductor Corporation (NASDAQ:ON) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,723 shares of the semiconductor company’s stock, valued at approximately $143,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in ON Semiconductor by 15.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,975 shares of the semiconductor company’s stock valued at $1,070,000 after purchasing an additional 2,209 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of ON Semiconductor in the 1st quarter worth about $1,038,000. Gateway Investment Advisers LLC raised its position in shares of ON Semiconductor by 166.0% during the 1st quarter. Gateway Investment Advisers LLC now owns 100,753 shares of the semiconductor company’s stock valued at $4,100,000 after buying an additional 62,877 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of ON Semiconductor by 12.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 31,527 shares of the semiconductor company’s stock valued at $1,283,000 after acquiring an additional 3,563 shares during the last quarter. Finally, Rheos Capital Works Inc. grew its position in ON Semiconductor by 33.4% in the first quarter. Rheos Capital Works Inc. now owns 199,500 shares of the semiconductor company’s stock worth $8,118,000 after acquiring an additional 50,000 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value 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. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

ON Semiconductor Stock Up 1.1%

Shares of ON opened at $49.27 on Monday. The firm has a fifty day moving average price of $50.33 and a 200-day moving average price of $47.70. 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 firm has a market capitalization of $20.15 billion, a P/E ratio of 46.05, a P/E/G ratio of 2.45 and a beta of 1.49. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $76.06.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $1.47 billion for 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 company’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Equities research analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on ON. Piper Sandler reaffirmed an “overweight” rating on shares of ON Semiconductor in a research note on Monday, August 4th. Citigroup decreased their price target on ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, August 5th. Rosenblatt Securities cut 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. Stifel Nicolaus increased their target price on shares of ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 18th. Finally, Cantor Fitzgerald initiated coverage on shares of ON Semiconductor in a research note on Wednesday, June 18th. They set a “neutral” rating and a $55.00 price target for the company. Twelve analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently 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.