Scotia Capital Inc. Acquires 1,350 Shares of ON Semiconductor Corporation $ON

Scotia Capital Inc. increased its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,290 shares of the semiconductor company’s stock after buying an additional 1,350 shares during the quarter. Scotia Capital Inc.’s holdings in ON Semiconductor were worth $2,898,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ON. Costello Asset Management INC acquired a new position in ON Semiconductor during the first quarter worth about $26,000. Trust Co. of Toledo NA OH bought a new stake in shares of ON Semiconductor during the 2nd quarter valued at approximately $29,000. Evelyn Partners Asset Management Ltd acquired a new position in ON Semiconductor during the 2nd quarter worth approximately $35,000. Geneos Wealth Management Inc. lifted its stake in ON Semiconductor by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 507 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in ON Semiconductor in the second quarter valued at approximately $57,000. 97.70% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor Stock Up 1.4%

ON Semiconductor stock opened at $50.32 on Monday. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 47.03, a PEG ratio of 2.58 and a beta of 1.56. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-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 firm has a 50 day moving average price of $49.63 and a two-hundred day moving average price of $50.76.

ON Semiconductor (NASDAQ:ON) last posted 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm posted $0.99 EPS. The company’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. Equities analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.

ON Semiconductor announced that its Board of Directors has authorized a share buyback program on Tuesday, November 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 32.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on ON. TD Cowen upped their price target on shares of ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Bank of America lowered their target price on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Wells Fargo & Company dropped their target price on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, August 5th. Rosenblatt Securities restated a “neutral” rating and set a $50.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, Morgan Stanley upped their price objective on ON Semiconductor from $55.00 to $56.00 and gave the company an “equal weight” rating in a research note on Monday, November 24th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ON Semiconductor has an average rating of “Hold” and a consensus target price of $59.12.

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.