Huntington National Bank Has $299,000 Holdings in ON Semiconductor Corporation $ON

Huntington National Bank raised its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 49.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,712 shares of the semiconductor company’s stock after buying an additional 1,902 shares during the quarter. Huntington National Bank’s holdings in ON Semiconductor were worth $299,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas grew its position in ON Semiconductor by 1,453.0% during the 1st quarter. Teacher Retirement System of Texas now owns 62,274 shares of the semiconductor company’s stock worth $2,534,000 after purchasing an additional 58,264 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of ON Semiconductor by 2.6% during the first quarter. Crossmark Global Holdings Inc. now owns 18,315 shares of the semiconductor company’s stock valued at $745,000 after buying an additional 469 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in ON Semiconductor by 5.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 177,890 shares of the semiconductor company’s stock valued at $7,127,000 after buying an additional 9,268 shares during the period. LBP AM SA raised its position in ON Semiconductor by 139.2% during the first quarter. LBP AM SA now owns 86,926 shares of the semiconductor company’s stock valued at $3,537,000 after buying an additional 50,592 shares during the period. Finally, Rock Point Advisors LLC lifted its stake in ON Semiconductor by 98.9% in the 1st quarter. Rock Point Advisors LLC now owns 62,439 shares of the semiconductor company’s stock worth $2,541,000 after acquiring an additional 31,049 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ON shares. Stifel Nicolaus upped their target price on ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a report on Friday, July 18th. Susquehanna reaffirmed a “positive” rating and set a $65.00 price objective (down from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Cowen reissued a “buy” rating on shares of ON Semiconductor in a research note on Tuesday. TD Cowen boosted their price target on shares of ON Semiconductor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Bank of America cut their price objective on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Fourteen 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, ON Semiconductor currently has a consensus rating of “Hold” and a consensus target price of $59.08.

ON Semiconductor Stock Performance

ON opened at $48.80 on Friday. The company has a market cap of $19.64 billion, a PE ratio of 45.61, a price-to-earnings-growth ratio of 2.58 and a beta of 1.56. The stock has a 50-day moving average of $50.08 and a 200-day moving average of $49.74. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $74.52. 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 (NASDAQ:ON) last issued its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The firm’s revenue was down 12.0% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, equities research analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Insider Activity

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 value of $768,300.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.