Sumitomo Mitsui DS Asset Management Company Ltd Buys 1,181 Shares of ON Semiconductor Corporation $ON

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,753 shares of the semiconductor company’s stock after purchasing an additional 1,181 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in ON Semiconductor were worth $2,450,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Costello Asset Management INC acquired a new position in ON Semiconductor in the first quarter valued at about $26,000. Golden State Wealth Management LLC grew its holdings in shares of ON Semiconductor by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock worth $29,000 after buying an additional 320 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of ON Semiconductor during the first quarter worth about $41,000. MassMutual Private Wealth & Trust FSB boosted its position in ON Semiconductor by 69.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 518 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position 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 valued at $54,000 after purchasing an additional 507 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

ON Semiconductor Stock Performance

Shares of NASDAQ ON opened at $51.07 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. The firm has a fifty day moving average price of $52.22 and a 200-day moving average price of $47.26. ON Semiconductor Corporation has a 1 year low of $31.04 and a 1 year high of $76.06. The stock has a market cap of $20.89 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 2.54 and a beta of 1.48.

ON Semiconductor (NASDAQ:ON) last issued its earnings results 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). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.96 EPS. ON Semiconductor’s revenue was down 15.4% compared to the same quarter last year. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Equities analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Hassane El-Khoury sold 15,000 shares of the 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ON shares. Truist Financial raised their price objective on ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Tuesday, August 5th. TD Cowen decreased their price target on ON Semiconductor from $68.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Roth Capital reaffirmed a “buy” rating and set a $70.00 target price (up from $50.00) on shares of ON Semiconductor in a report on Tuesday, June 17th. Wells Fargo & Company decreased their target price 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. Finally, B. Riley reissued a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.