Pier 88 Investment Partners LLC Purchases 5,260 Shares of ON Semiconductor Corporation $ON

Pier 88 Investment Partners LLC increased its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 52,600.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,270 shares of the semiconductor company’s stock after purchasing an additional 5,260 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in ON Semiconductor were worth $276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division grew its stake in ON Semiconductor by 1.5% during the second quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock worth $598,000 after buying an additional 169 shares during the last quarter. Freedom Investment Management Inc. boosted its holdings in shares of ON Semiconductor by 2.6% in the 2nd quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock worth $412,000 after acquiring an additional 196 shares in the last quarter. New York Life Investment Management LLC grew its position in ON Semiconductor by 0.4% during the 2nd quarter. New York Life Investment Management LLC now owns 62,678 shares of the semiconductor company’s stock worth $3,285,000 after acquiring an additional 221 shares during the last quarter. Sowell Financial Services LLC grew its position in ON Semiconductor by 4.1% during the 2nd quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 223 shares during the last quarter. Finally, Applied Finance Capital Management LLC increased its holdings in ON Semiconductor by 2.2% during the 2nd quarter. Applied Finance Capital Management LLC now owns 10,668 shares of the semiconductor company’s stock valued at $559,000 after purchasing an additional 225 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

ON Semiconductor Price Performance

Shares of ON stock opened at $47.83 on Friday. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of 44.70, a PEG ratio of 2.58 and a beta of 1.56. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $74.52. 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 50-day moving average price of $50.04 and a 200 day moving average price of $49.93.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm earned $0.99 EPS. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Research analysts expect 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 company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the sale, the chief executive officer owned 977,814 shares in the company, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

ON has been the topic of a number of recent analyst reports. Citigroup reduced their price objective on ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 5th. Williams Trading set a $60.00 price target on ON Semiconductor in a report on Tuesday. Bank of America reduced their price target on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. TD Cowen increased their price objective on shares of ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. raised their price objective 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. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, ON Semiconductor has an average rating of “Hold” and an average price target of $59.08.

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.