ON Semiconductor Corporation $ON Shares Bought by AlphaQuest LLC

AlphaQuest LLC boosted its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 47.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,464 shares of the semiconductor company’s stock after acquiring an additional 1,429 shares during the period. AlphaQuest LLC’s holdings in ON Semiconductor were worth $234,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Moody National Bank Trust Division increased its position in shares of ON Semiconductor by 1.5% during the second quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock valued at $598,000 after acquiring an additional 169 shares during the last quarter. Freedom Investment Management Inc. increased its position in shares of ON Semiconductor by 2.6% during the second quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock valued at $412,000 after acquiring an additional 196 shares during the last quarter. Sowell Financial Services LLC increased its position in shares of ON Semiconductor by 4.1% during the second quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 223 shares during the last quarter. Applied Finance Capital Management LLC increased its position in shares of ON Semiconductor by 2.2% during the second quarter. Applied Finance Capital Management LLC now owns 10,668 shares of the semiconductor company’s stock valued at $559,000 after acquiring an additional 225 shares during the last quarter. Finally, Journey Advisory Group LLC lifted its stake in ON Semiconductor by 3.9% during the 2nd quarter. Journey Advisory Group LLC now owns 7,645 shares of the semiconductor company’s stock worth $401,000 after acquiring an additional 287 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Susquehanna reissued a “positive” rating and set a $65.00 target price (down previously from $75.00) on shares of ON Semiconductor in a research note 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 company a “neutral” rating in a research note on Tuesday, August 5th. Truist Financial raised their price objective on shares of ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Tuesday, August 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of ON Semiconductor in a research note on Wednesday, October 8th. Finally, Needham & Company LLC raised their price objective on shares of ON Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.96.

ON Semiconductor Stock Down 1.5%

Shares of ON Semiconductor stock opened at $50.08 on Friday. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $74.52. The company has a 50 day moving average of $50.21 and a 200 day moving average of $49.43. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $20.48 billion, a P/E ratio of 46.80, a P/E/G ratio of 2.58 and a beta of 1.49.

ON Semiconductor (NASDAQ:ON) last issued its quarterly 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 return on equity of 15.33% and a net margin of 7.28%.The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm’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. As a group, research analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Insider Activity at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of the 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 owned 977,814 shares in the company, valued at approximately $50,083,633.08. This represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

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.