ON Semiconductor Corporation $ON Holdings Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 3.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 78,970 shares of the semiconductor company’s stock after selling 2,666 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ON Semiconductor were worth $4,139,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in ON Semiconductor by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company’s stock valued at $460,958,000 after buying an additional 110,735 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of ON Semiconductor by 15.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,835,332 shares of the semiconductor company’s stock valued at $312,774,000 after acquiring an additional 774,087 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of ON Semiconductor in the first quarter valued at $219,001,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of ON Semiconductor by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company’s stock valued at $103,525,000 after purchasing an additional 55,976 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of ON Semiconductor by 2,735.5% in the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock valued at $87,330,000 after purchasing an additional 2,070,529 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total transaction of $768,300.00. Following the transaction, the chief executive officer directly owned 977,814 shares in the company, valued at $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

ON Semiconductor Price Performance

Shares of ON opened at $51.93 on Thursday. 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 firm has a market cap of $21.24 billion, a PE ratio of 48.53, a PEG ratio of 2.74 and a beta of 1.49. The firm’s 50 day moving average price is $50.08 and its 200 day moving average price is $48.47. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $76.06.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ON. Benchmark reissued a “buy” rating and issued a $60.00 price objective (up from $50.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Rosenblatt Securities reduced their price target on shares of ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 5th. Stifel Nicolaus increased 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. UBS Group reduced their price target on shares of ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 5th. Finally, Susquehanna reiterated a “positive” rating and issued a $65.00 target price (down previously from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, ON Semiconductor presently has a consensus rating of “Hold” and an average target price of $56.68.

ON Semiconductor 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.