Knights of Columbus Asset Advisors LLC Makes New Investment in ON Semiconductor Corporation $ON

Knights of Columbus Asset Advisors LLC acquired a new position in shares of ON Semiconductor Corporation (NASDAQ:ON) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 81,149 shares of the semiconductor company’s stock, valued at approximately $4,253,000.

A number of other large investors have also modified their holdings of ON. Moody National Bank Trust Division raised its stake in shares of ON Semiconductor by 1.5% in the 2nd quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock valued at $598,000 after buying an additional 169 shares in the last quarter. Sowell Financial Services LLC raised its holdings in shares of ON Semiconductor by 4.1% in the 2nd quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock worth $297,000 after buying an additional 223 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of ON Semiconductor by 2.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,025 shares of the semiconductor company’s stock worth $530,000 after buying an additional 289 shares during the period. Exencial Wealth Advisors LLC boosted its stake in ON Semiconductor by 5.2% in the 1st quarter. Exencial Wealth Advisors LLC now owns 6,034 shares of the semiconductor company’s stock valued at $246,000 after buying an additional 296 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its position in ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 320 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Roth Capital restated a “buy” rating and set a $70.00 price target (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, June 17th. Benchmark restated a “buy” rating and issued a $60.00 price target (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Citigroup dropped their price objective on ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, August 5th. Cantor Fitzgerald started coverage on ON Semiconductor in a report on Wednesday, June 18th. They set a “neutral” rating and a $55.00 target price on the stock. Finally, Rosenblatt Securities dropped their price objective on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.68.

Insider Buying and Selling at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the completion of the sale, the chief executive officer directly owned 977,814 shares in the company, valued at approximately $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

ON Semiconductor Stock Up 1.1%

ON Semiconductor stock opened at $49.27 on Monday. The stock has a market cap of $20.15 billion, a P/E ratio of 46.05, a P/E/G ratio of 2.45 and a beta of 1.49. The company’s 50-day moving average price is $50.33 and its two-hundred day moving average price is $47.70. 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 twelve month low of $31.04 and a twelve month high of $76.06.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

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.