Beacon Pointe Advisors LLC Invests $1.25 Million in ON Semiconductor Corporation $ON

Beacon Pointe Advisors LLC bought a new stake in ON Semiconductor Corporation (NASDAQ:ON) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 23,767 shares of the semiconductor company’s stock, valued at approximately $1,246,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Moody National Bank Trust Division increased its stake in shares of ON Semiconductor by 1.5% during the 2nd quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock valued at $598,000 after acquiring an additional 169 shares during the last quarter. Freedom Investment Management Inc. lifted its holdings in ON Semiconductor by 2.6% in the 2nd quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock worth $412,000 after buying an additional 196 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in ON Semiconductor by 0.4% in the second quarter. New York Life Investment Management LLC now owns 62,678 shares of the semiconductor company’s stock valued at $3,285,000 after purchasing an additional 221 shares during the last quarter. Sowell Financial Services LLC boosted its stake in shares of ON Semiconductor by 4.1% during the 2nd quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 223 shares during the last quarter. Finally, Applied Finance Capital Management LLC grew its holdings in ON Semiconductor by 2.2% during the 2nd quarter. Applied Finance Capital Management LLC now owns 10,668 shares of the semiconductor company’s stock worth $559,000 after acquiring an additional 225 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ON has been the topic of a number of research reports. Morgan Stanley increased their price target on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. Cfra reissued a “buy” rating and set a $64.00 target price on shares of ON Semiconductor in a research note on Tuesday, November 4th. Bank of America cut their target price on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. TD Cowen boosted their price target on shares of ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings upgraded shares of ON Semiconductor from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Fourteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.12.

ON Semiconductor Trading Down 0.1%

NASDAQ:ON opened at $54.74 on Friday. The stock has a market cap of $22.03 billion, a PE ratio of 71.09, a price-to-earnings-growth ratio of 2.93 and a beta of 1.57. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $70.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. The stock’s 50-day moving average is $49.94 and its two-hundred day moving average is $50.99.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period last year, the company posted $0.99 earnings per share. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, equities research analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor announced that its board has authorized a share buyback program on Tuesday, November 18th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to repurchase up to 32.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the completion of the sale, the chief financial officer directly owned 379,448 shares in the company, valued at approximately $20,888,612.40. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

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.