ON Semiconductor Corporation $ON Shares Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. raised its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 9.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,276 shares of the semiconductor company’s stock after acquiring an additional 11,902 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in ON Semiconductor were worth $7,416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in 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 buying an additional 39,530 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of ON Semiconductor by 7.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock worth $42,892,000 after acquiring an additional 60,050 shares during the period. United Services Automobile Association acquired a new position in shares of ON Semiconductor during the 1st quarter valued at about $401,000. Mizuho Markets Cayman LP grew its holdings in shares of ON Semiconductor by 2,345.0% in the second quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock valued at $7,904,000 after purchasing an additional 144,639 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in ON Semiconductor by 4.8% during the first quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company’s stock worth $408,000 after purchasing an additional 463 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on ON. Williams Trading set a $60.00 target price on shares of ON Semiconductor in a report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of ON Semiconductor in a report on Wednesday, October 8th. Wells Fargo & Company cut their target price on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 5th. Piper Sandler reissued an “overweight” rating on shares of ON Semiconductor in a research report on Monday, August 4th. Finally, Susquehanna restated a “positive” rating and issued a $65.00 price target (down previously from $75.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Fourteen 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 has a consensus rating of “Hold” and an average target price of $59.08.

ON Semiconductor Trading Down 2.0%

NASDAQ ON opened at $47.83 on Friday. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $74.52. The firm has a 50 day moving average of $50.04 and a two-hundred day moving average of $49.93. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $19.25 billion, a PE ratio of 44.70, a price-to-earnings-growth ratio of 2.58 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last announced 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 analyst estimates of $1.52 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The company’s revenue was down 12.0% on a year-over-year basis. 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, research analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Insider Activity

In other news, CEO Hassane El-Khoury sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the transaction, the chief executive officer directly owned 977,814 shares of the company’s stock, valued at approximately $50,083,633.08. This represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.