Keybank National Association OH Purchases Shares of 3,876 ON Semiconductor Corporation $ON

Keybank National Association OH acquired a new position in ON Semiconductor Corporation (NASDAQ:ON) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,876 shares of the semiconductor company’s stock, valued at approximately $203,000.

A number of other institutional investors also recently made changes to their positions in ON. State of Alaska Department of Revenue lifted its stake in ON Semiconductor by 39.4% in the second quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock worth $7,328,000 after purchasing an additional 39,530 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of ON Semiconductor by 7.9% during 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 during the last quarter. United Services Automobile Association purchased a new position in shares of ON Semiconductor in the first quarter worth about $401,000. Mizuho Markets Cayman LP lifted its stake in shares of ON Semiconductor by 2,345.0% in the 2nd quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock valued at $7,904,000 after acquiring an additional 144,639 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of ON Semiconductor by 4.8% in 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 last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Transactions 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 shares were 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 $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ON shares. Wells Fargo & Company decreased their price target on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 5th. Truist Financial raised their target price on shares of ON Semiconductor from $49.00 to $51.00 and gave the stock a “hold” rating in a report on Tuesday. Cfra reiterated a “buy” rating and set a $64.00 price target on shares of ON Semiconductor in a report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of ON Semiconductor in a research report on Wednesday, October 8th. Finally, UBS Group raised their price target on shares of ON Semiconductor from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $59.08.

ON Semiconductor Stock Performance

Shares of ON stock opened at $48.80 on Friday. The firm has a market capitalization of $19.64 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 2.58 and a beta of 1.56. The stock has a fifty day moving average of $50.08 and a 200 day moving average of $49.74. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $74.52. 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 (NASDAQ:ON) last issued its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (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 business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm earned $0.99 EPS. The company’s quarterly revenue was down 12.0% compared to the same quarter last year. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, research analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share 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.