Tema Etfs LLC Makes New $1.11 Million Investment in ON Semiconductor Corporation $ON

Tema Etfs LLC acquired a new stake in ON Semiconductor Corporation (NASDAQ:ON) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 21,258 shares of the semiconductor company’s stock, valued at approximately $1,114,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in ON Semiconductor during the 2nd quarter valued at $228,835,000. State of Alaska Department of Revenue increased its position in shares of 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 valued at $7,328,000 after acquiring an additional 39,530 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of 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 acquiring an additional 60,050 shares during the period. United Services Automobile Association bought a new position in shares of ON Semiconductor during the first quarter valued at about $401,000. Finally, Mizuho Markets Cayman LP boosted its holdings in shares of ON Semiconductor by 2,345.0% during the second quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock worth $7,904,000 after purchasing an additional 144,639 shares during the period. Institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ON shares. Cowen reaffirmed a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Truist Financial boosted their target price on ON Semiconductor from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday, November 4th. TD Cowen raised their price target on ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Robert W. Baird lifted their price target on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Bank of America decreased their price objective on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $59.12.

ON Semiconductor Price Performance

ON stock opened at $54.79 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23. The firm has a 50 day moving average price of $49.85 and a 200-day moving average price of $50.92. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $70.58. The firm has a market capitalization of $22.05 billion, a price-to-earnings ratio of 71.16, a PEG ratio of 3.06 and a beta of 1.57.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The firm’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. Equities research analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor announced that its Board of Directors has approved a stock buyback plan on Tuesday, November 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 32.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total value of $1,101,000.00. Following the completion of the transaction, the chief financial officer owned 379,448 shares of the company’s stock, valued at $20,888,612.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.

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.