ON Semiconductor Corporation $ON Shares Acquired by M&G PLC

M&G PLC boosted its position in ON Semiconductor Corporation (NASDAQ:ON) by 164.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,459,104 shares of the semiconductor company’s stock after purchasing an additional 1,528,311 shares during the quarter. M&G PLC’s holdings in ON Semiconductor were worth $127,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Pension Service grew its position in shares of ON Semiconductor by 19.2% in the second quarter. National Pension Service now owns 25,121 shares of the semiconductor company’s stock valued at $1,317,000 after purchasing an additional 4,049 shares during the period. STF Management LP boosted its stake in ON Semiconductor by 6.1% in the 2nd quarter. STF Management LP now owns 4,061 shares of the semiconductor company’s stock worth $213,000 after buying an additional 234 shares during the last quarter. Robeco Schweiz AG lifted its holdings in shares of ON Semiconductor by 10.6% during the 2nd quarter. Robeco Schweiz AG now owns 1,436,644 shares of the semiconductor company’s stock worth $75,295,000 after acquiring an additional 137,602 shares during the period. Hodges Capital Management Inc. purchased a new stake in ON Semiconductor in the second quarter valued at approximately $209,000. Finally, Ibex Wealth Advisors purchased a new stake in shares of ON Semiconductor during the 2nd quarter valued at $263,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor Price Performance

Shares of NASDAQ ON opened at $48.43 on Wednesday. The firm has a market cap of $19.49 billion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 2.58 and a beta of 1.56. The business has a 50 day moving average price of $50.01 and a two-hundred day moving average price of $50.15. 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 fifty-two week low of $31.04 and a fifty-two week high of $74.52.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period last year, the firm earned $0.99 earnings per share. 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ON. TD Cowen raised their price objective on ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Piper Sandler restated an “overweight” rating on shares of ON Semiconductor in a report on Monday, August 4th. Citigroup decreased their price objective on shares of ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, August 5th. Benchmark reissued a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Finally, Stifel Nicolaus upped their price target on shares of ON Semiconductor from $42.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, July 18th. Fourteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.