Farther Finance Advisors LLC Acquires 2,115 Shares of ON Semiconductor Corporation $ON

Farther Finance Advisors LLC grew its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 52.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,161 shares of the semiconductor company’s stock after purchasing an additional 2,115 shares during the period. Farther Finance Advisors LLC’s holdings in ON Semiconductor were worth $323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ON. Baillie Gifford & Co. bought a new position in shares of ON Semiconductor in the 1st quarter valued at $219,001,000. Pacer Advisors Inc. grew its position in ON Semiconductor by 2,735.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock worth $87,330,000 after acquiring an additional 2,070,529 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in ON Semiconductor by 26.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company’s stock worth $203,462,000 after acquiring an additional 1,055,461 shares during the last quarter. Nuveen LLC bought a new stake in ON Semiconductor during the 1st quarter worth $38,548,000. Finally, Price T Rowe Associates Inc. MD grew its position in ON Semiconductor by 94.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company’s stock worth $61,145,000 after acquiring an additional 728,177 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Insider Activity

In other 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 value of $768,300.00. Following the transaction, the chief executive officer directly owned 977,814 shares of the company’s stock, valued at $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is owned by corporate insiders.

ON Semiconductor Trading Down 0.8%

NASDAQ ON opened at $49.76 on Tuesday. The firm has a market capitalization of $20.35 billion, a PE ratio of 46.51, a price-to-earnings-growth ratio of 2.50 and a beta of 1.48. 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 price is $51.10 and its two-hundred day moving average price is $47.55. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ON shares. B. Riley restated a “neutral” rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. The Goldman Sachs Group started coverage on ON Semiconductor in a research report on Thursday, July 10th. They set a “neutral” rating and a $60.00 price objective on the stock. Bank of America reduced their price objective on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Citigroup reduced their price objective on ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 5th. Finally, Roth Capital restated a “buy” rating and set a $70.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a research report on Tuesday, June 17th. Twelve research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.