IFP Advisors Inc Has $98,000 Stock Holdings in ON Semiconductor Corporation $ON

IFP Advisors Inc cut its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 70.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,862 shares of the semiconductor company’s stock after selling 4,379 shares during the quarter. IFP Advisors Inc’s holdings in ON Semiconductor were worth $98,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue grew its position in shares of ON Semiconductor by 39.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock valued at $7,328,000 after purchasing an additional 39,530 shares during the period. United Services Automobile Association acquired a new position in shares of ON Semiconductor in the 1st quarter valued at approximately $401,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of ON Semiconductor by 7.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock valued at $42,892,000 after purchasing an additional 60,050 shares during the period. Golden State Wealth Management LLC grew its position in shares of ON Semiconductor by 83.3% in the 1st 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 period. Finally, Avantax Advisory Services Inc. grew its position in shares of ON Semiconductor by 4.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company’s stock valued at $408,000 after purchasing an additional 463 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. B. Riley restated a “neutral” rating on shares of ON Semiconductor in a research note on Tuesday, August 5th. Stifel Nicolaus boosted their target price on ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 18th. Truist Financial boosted their target price on ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Tuesday, August 5th. UBS Group dropped their price objective on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.68.

ON Semiconductor Price Performance

Shares of ON opened at $52.53 on Monday. The firm has a market capitalization of $21.48 billion, a PE ratio of 49.09, a PEG ratio of 2.61 and a beta of 1.49. The company’s 50-day moving average is $49.83 and its 200-day moving average is $48.25. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $76.06. 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 (NASDAQ:ON) last issued its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. ON Semiconductor’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Equities analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Insider Buying and Selling

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the sale, the chief executive officer directly owned 977,814 shares in the company, valued at $50,083,633.08. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

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.