ON Semiconductor Corporation $ON Shares Purchased by Creative Planning

Creative Planning boosted its position in ON Semiconductor Corporation (NASDAQ:ON) by 358.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,910 shares of the semiconductor company’s stock after purchasing an additional 134,381 shares during the quarter. Creative Planning’s holdings in ON Semiconductor were worth $9,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moody National Bank Trust Division grew its holdings in shares of 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 in the last quarter. Freedom Investment Management Inc. boosted its position in ON Semiconductor by 2.6% during the second 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 during the last quarter. New York Life Investment Management LLC grew its stake 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 valued at $3,285,000 after acquiring an additional 221 shares in the last quarter. Sowell Financial Services LLC grew its stake 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 valued at $297,000 after acquiring an additional 223 shares in the last quarter. Finally, Applied Finance Capital Management LLC raised its holdings in ON Semiconductor by 2.2% in the 2nd quarter. Applied Finance Capital Management LLC now owns 10,668 shares of the semiconductor company’s stock valued at $559,000 after acquiring an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

ON Semiconductor Trading Down 1.0%

ON opened at $45.56 on Wednesday. The stock has a market capitalization of $18.33 billion, a PE ratio of 42.58, a P/E/G ratio of 2.58 and a beta of 1.56. ON Semiconductor Corporation has a one year low of $31.04 and a one year 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. The business’s 50 day moving average price is $49.88 and its 200 day moving average price is $50.40.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. 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. As a group, equities research analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

ON Semiconductor declared that its board has approved a share buyback plan on Tuesday, November 18th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

ON has been the subject of a number of analyst reports. Needham & Company LLC upped their price target on ON Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Truist Financial boosted their price objective on ON Semiconductor from $49.00 to $51.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Morgan Stanley raised their target price on ON Semiconductor from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of ON Semiconductor in a report on Thursday, November 13th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $50.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.