Parallel Advisors LLC Acquires 2,309 Shares of ON Semiconductor Corporation $ON

Parallel Advisors LLC raised its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 66.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,795 shares of the semiconductor company’s stock after purchasing an additional 2,309 shares during the period. Parallel Advisors LLC’s holdings in ON Semiconductor were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. increased its stake in shares of ON Semiconductor by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company’s stock valued at $460,958,000 after purchasing an additional 110,735 shares in the last quarter. Baillie Gifford & Co. bought a new position in shares of ON Semiconductor during the first quarter valued at approximately $219,001,000. Allspring Global Investments Holdings LLC grew its holdings in shares of ON Semiconductor by 26.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company’s stock valued at $203,462,000 after buying an additional 1,055,461 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ON Semiconductor by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company’s stock valued at $103,525,000 after buying an additional 55,976 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of ON Semiconductor by 2,735.5% during the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock valued at $87,330,000 after buying an additional 2,070,529 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling

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

ON Semiconductor Trading Down 1.5%

Shares of ON Semiconductor stock opened at $51.07 on Friday. 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 12-month low of $31.04 and a 12-month high of $76.06. The firm has a market capitalization of $20.89 billion, a price-to-earnings ratio of 47.73, a PEG ratio of 2.54 and a beta of 1.48. The firm’s 50 day simple moving average is $52.22 and its two-hundred day simple moving average is $47.23.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on ON. Truist Financial raised their target price on shares of ON Semiconductor from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Tuesday, August 5th. Rosenblatt Securities decreased 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. UBS Group decreased 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. B. Riley reiterated a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group began coverage on shares of ON Semiconductor in a research note on Thursday, July 10th. They issued a “neutral” rating and a $60.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.68.

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.