Trust Co. of Toledo NA OH Acquires New Shares in ON Semiconductor Corporation $ON

Trust Co. of Toledo NA OH acquired a new stake in ON Semiconductor Corporation (NASDAQ:ON) during the 2nd quarter, Holdings Channel reports. The fund acquired 550 shares of the semiconductor company’s stock, valued at approximately $29,000.

Several other large investors have also bought and sold shares of the business. Moody National Bank Trust Division boosted its stake in ON Semiconductor by 1.5% in the second quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock valued at $598,000 after buying an additional 169 shares in the last quarter. Sowell Financial Services LLC raised its position in ON Semiconductor by 4.1% in the second quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 223 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in ON Semiconductor by 2.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,025 shares of the semiconductor company’s stock valued at $530,000 after purchasing an additional 289 shares during the last quarter. Exencial Wealth Advisors LLC raised its position in ON Semiconductor by 5.2% in the first quarter. Exencial Wealth Advisors LLC now owns 6,034 shares of the semiconductor company’s stock valued at $246,000 after purchasing an additional 296 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its position in ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 320 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ON has been the subject of several research reports. Truist Financial increased their target price on ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group initiated coverage on ON Semiconductor in a research report on Thursday, July 10th. They issued a “neutral” rating and a $60.00 target price for the company. TD Cowen dropped their target price on ON Semiconductor from $68.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. Needham & Company LLC increased their target price on ON Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Finally, KeyCorp increased their target price on ON Semiconductor from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.68.

ON Semiconductor Trading Up 9.6%

Shares of ON stock opened at $50.11 on Tuesday. The company has a market cap of $20.49 billion, a P/E ratio of 46.83, a PEG ratio of 2.28 and a beta of 1.49. The stock has a 50 day simple moving average of $49.51 and a two-hundred day simple moving average of $47.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $76.06.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share 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 the consensus estimate of $1.45 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Research analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the completion of the sale, the chief executive officer directly owned 977,814 shares in the company, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

About ON Semiconductor

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.