Itau Unibanco Holding S.A. Makes New $3.77 Million Investment in ON Semiconductor Corporation $ON

Itau Unibanco Holding S.A. acquired a new stake in ON Semiconductor Corporation (NASDAQ:ON) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 72,000 shares of the semiconductor company’s stock, valued at approximately $3,774,000.

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

ON Semiconductor Trading Down 2.5%

Shares of ON stock opened at $46.92 on Friday. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week 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 stock’s fifty day moving average is $50.00 and its two-hundred day moving average is $50.25. The firm has a market capitalization of $18.88 billion, a P/E ratio of 43.85, a PEG ratio of 2.58 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data 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 net margin of 7.28% and a return on equity of 15.33%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. ON Semiconductor’s quarterly revenue 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ON shares. Needham & Company LLC upped their price target on ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Robert W. Baird upped their target price on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Susquehanna reiterated a “positive” rating and set a $65.00 target price (down previously from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Rosenblatt Securities reissued a “neutral” rating and issued a $50.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, Piper Sandler restated an “overweight” rating on shares of ON Semiconductor in a research report on Monday, August 4th. Fourteen 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. Based on data from MarketBeat.com, ON Semiconductor has an average rating of “Hold” and an average target price 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.