Penserra Capital Management LLC Increases Stake in ON Semiconductor Corporation $ON

Penserra Capital Management LLC increased its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 54.9% in the second quarter, Holdings Channel reports. The fund owned 375,795 shares of the semiconductor company’s stock after purchasing an additional 133,127 shares during the quarter. Penserra Capital Management LLC’s holdings in ON Semiconductor were worth $19,694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in shares of ON Semiconductor by 39.4% during the second 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in ON Semiconductor by 7.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock worth $42,892,000 after buying an additional 60,050 shares during the period. United Services Automobile Association bought a new stake in ON Semiconductor during the 1st quarter valued at $401,000. Mizuho Markets Cayman LP boosted its position in ON Semiconductor by 2,345.0% during the 2nd quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock valued at $7,904,000 after acquiring an additional 144,639 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings 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 acquiring an additional 463 shares during the period. 97.70% of the stock is currently owned by institutional investors.

ON Semiconductor Stock Performance

Shares of ON Semiconductor stock opened at $47.83 on Friday. The company has a 50 day moving average price of $50.04 and a 200 day moving average price of $49.83. 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 quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $74.52.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. ON Semiconductor’s revenue was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Sell-side analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Wall Street Analyst Weigh In

ON has been the subject of a number of analyst reports. Robert W. Baird 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. Stifel Nicolaus raised their price target on shares of ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a report on Friday, July 18th. Piper Sandler reaffirmed an “overweight” rating on shares of ON Semiconductor in a research report on Monday, August 4th. JPMorgan Chase & Co. increased their target price on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Truist Financial raised their target price on shares of ON Semiconductor from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $59.08.

Insider Activity

In related news, CEO Hassane El-Khoury sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 977,814 shares in the company, valued at $50,083,633.08. This trade represents a 1.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by 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.