HB Wealth Management LLC Purchases 3,071 Shares of ON Semiconductor Corporation $ON

HB Wealth Management LLC grew its position in ON Semiconductor Corporation (NASDAQ:ON) by 38.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,980 shares of the semiconductor company’s stock after purchasing an additional 3,071 shares during the quarter. HB Wealth Management LLC’s holdings in ON Semiconductor were worth $575,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of ON Semiconductor in the 1st quarter valued at $26,000. Golden State Wealth Management LLC grew its position in shares of ON Semiconductor by 83.3% during the 1st 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 during the period. Opal Wealth Advisors LLC acquired a new stake in shares of ON Semiconductor during the 1st quarter worth approximately $41,000. Geneos Wealth Management Inc. grew its position in shares of ON Semiconductor by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after buying an additional 507 shares during the period. Finally, Rakuten Securities Inc. grew its position in shares of ON Semiconductor by 61.9% during the 1st quarter. Rakuten Securities Inc. now owns 1,376 shares of the semiconductor company’s stock worth $56,000 after buying an additional 526 shares during the period. 97.70% of the stock is owned by institutional investors.

ON Semiconductor Price Performance

ON opened at $49.27 on Friday. 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 company has a market capitalization of $20.15 billion, a price-to-earnings ratio of 46.05, a P/E/G ratio of 2.45 and a beta of 1.49. The firm’s fifty day moving average price is $50.33 and its two-hundred day moving average price is $47.67. ON Semiconductor Corporation has a 1 year low of $31.04 and a 1 year high of $76.06.

ON Semiconductor (NASDAQ:ON) last posted 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 firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.45 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.ON Semiconductor’s revenue 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. As a group, analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. B. Riley reaffirmed a “neutral” rating on shares of ON Semiconductor in a research report on Tuesday, August 5th. UBS Group reduced their price objective on shares of ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 5th. Finally, Rosenblatt Securities reduced their price objective on shares of ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fifteen 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 an average price target of $56.68.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

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.