Hershey Financial Advisers LLC Acquires New Position in ON Semiconductor Corporation $ON

Hershey Financial Advisers LLC bought a new position in shares of ON Semiconductor Corporation (NASDAQ:ON) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 38,176 shares of the semiconductor company’s stock, valued at approximately $2,001,000. ON Semiconductor comprises 1.8% of Hershey Financial Advisers LLC’s holdings, making the stock its 16th largest holding.

Other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new position in ON Semiconductor during the second quarter worth $29,000. Rexford Capital Inc. bought a new stake in ON Semiconductor during the second quarter valued at $31,000. Darwin Wealth Management LLC acquired a new stake in shares of ON Semiconductor during the second quarter worth $32,000. Evelyn Partners Asset Management Ltd bought a new position in shares of ON Semiconductor in the 2nd quarter worth about $35,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of ON Semiconductor by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 507 shares during the period. 97.70% of the stock is currently owned by institutional investors.

ON Semiconductor Price Performance

Shares of ON opened at $54.96 on Friday. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $70.58. The stock’s fifty day moving average is $50.59 and its 200-day moving average is $51.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23. The firm has a market capitalization of $22.11 billion, a price-to-earnings ratio of 71.38, a price-to-earnings-growth ratio of 2.94 and a beta of 1.57.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. ON Semiconductor’s revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Equities analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current year.

ON Semiconductor announced that its board has approved a share buyback program on Tuesday, November 18th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have commented on ON. Cowen restated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Rosenblatt Securities restated a “neutral” rating and set a $50.00 price objective on shares of ON Semiconductor in a research report on Tuesday, November 4th. Robert W. Baird increased their target price on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Truist Financial boosted their price target on shares of ON Semiconductor from $49.00 to $51.00 and gave the company a “hold” rating in a report on Tuesday, November 4th. Finally, Benchmark reaffirmed a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.12.

Insider Activity at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the sale, the chief financial officer owned 379,448 shares of the company’s stock, valued at $20,888,612.40. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.