PNC Financial Services Group Inc. Has $4.17 Million Stock Holdings in ON Semiconductor Corporation $ON

PNC Financial Services Group Inc. raised its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 79,501 shares of the semiconductor company’s stock after buying an additional 4,598 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ON Semiconductor were worth $4,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Private Wealth Services LLC lifted its position in ON Semiconductor by 15.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 5,377 shares of the semiconductor company’s stock valued at $219,000 after acquiring an additional 711 shares in the last quarter. South Dakota Investment Council raised its stake in shares of ON Semiconductor by 202.7% in the first quarter. South Dakota Investment Council now owns 16,800 shares of the semiconductor company’s stock worth $684,000 after purchasing an additional 11,250 shares during the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of ON Semiconductor by 10.7% in the first quarter. HighPoint Advisor Group LLC now owns 10,920 shares of the semiconductor company’s stock valued at $424,000 after purchasing an additional 1,055 shares in the last quarter. Oak Thistle LLC boosted its position in shares of ON Semiconductor by 237.2% during the first quarter. Oak Thistle LLC now owns 27,545 shares of the semiconductor company’s stock valued at $1,121,000 after buying an additional 19,376 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in ON Semiconductor by 10.8% during the first quarter. Venturi Wealth Management LLC now owns 7,254 shares of the semiconductor company’s stock worth $295,000 after buying an additional 706 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

ON Semiconductor Price Performance

Shares of NASDAQ ON opened at $46.02 on Tuesday. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $49.94 and a two-hundred day simple moving average of $50.37. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $74.52. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of 43.01, a price-to-earnings-growth ratio of 2.58 and a beta of 1.56.

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. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The business’s revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ON. Susquehanna restated a “positive” rating and set a $65.00 price objective (down from $75.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Williams Trading set a $60.00 target price on shares of ON Semiconductor in a report on Tuesday, November 4th. Morgan Stanley raised their price target on shares of ON Semiconductor from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. Bank of America reduced their price objective on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Finally, Wells Fargo & Company decreased their price objective on shares of ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, August 5th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.08.

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.