Assetmark Inc. Has $318,000 Position in ON Semiconductor Corporation $ON

Assetmark Inc. decreased its position in ON Semiconductor Corporation (NASDAQ:ON) by 92.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,062 shares of the semiconductor company’s stock after selling 78,103 shares during the period. Assetmark Inc.’s holdings in ON Semiconductor were worth $318,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Costello Asset Management INC bought a new position in ON Semiconductor in the first quarter valued at $26,000. Trust Co. of Toledo NA OH bought a new stake in ON Semiconductor during the 2nd quarter worth about $29,000. Geneos Wealth Management Inc. boosted its stake 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 last quarter. Ameritas Advisory Services LLC bought a new position in shares of ON Semiconductor in the 2nd quarter valued at about $57,000. Finally, Covestor Ltd increased its position in shares of ON Semiconductor by 70.1% in the first quarter. Covestor Ltd now owns 1,514 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 624 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ON. Truist Financial raised their price target on ON Semiconductor from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday. Citigroup decreased their target price on shares of ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, August 5th. Bank of America dropped their price target on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. UBS Group lifted their price objective on shares of ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, ON Semiconductor presently has a consensus rating of “Hold” and a consensus target price of $59.08.

ON Semiconductor Trading Down 2.0%

NASDAQ:ON opened at $47.83 on Friday. The firm has a market capitalization of $19.25 billion, a P/E ratio of 44.70, a PEG ratio of 2.58 and a beta of 1.56. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $74.52. The company’s 50-day simple moving average is $50.04 and its 200 day simple moving average is $49.83.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, 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 ON Semiconductor stock in a transaction dated Wednesday, August 13th. The stock was 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

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.