Quantbot Technologies LP Makes New $2.95 Million Investment in ON Semiconductor Corporation $ON

Quantbot Technologies LP purchased a new stake in shares of ON Semiconductor Corporation (NASDAQ:ON) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 56,265 shares of the semiconductor company’s stock, valued at approximately $2,949,000.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of ON Semiconductor during the 2nd quarter valued at about $228,835,000. State of Alaska Department of Revenue lifted its stake in shares of ON Semiconductor by 39.4% in the 2nd 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 period. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 worth $42,892,000 after buying an additional 60,050 shares during the last quarter. United Services Automobile Association bought a new stake in ON Semiconductor during the first quarter valued at approximately $401,000. Finally, Mizuho Markets Cayman LP increased its holdings in 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 valued at $7,904,000 after buying an additional 144,639 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ON has been the topic of several analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $50.00 price target on shares of ON Semiconductor in a research note on Tuesday, November 4th. Bank of America decreased their target price on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. UBS Group lifted their target price on ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Robert W. Baird boosted their price target on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Cfra restated a “buy” rating and issued a $64.00 price target on shares of ON Semiconductor in a research report on Tuesday, November 4th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.12.

ON Semiconductor Stock Down 4.1%

Shares of ON opened at $54.79 on Friday. The business’s 50 day moving average is $49.85 and its 200 day moving average is $50.92. The company has a current ratio of 5.23, a quick ratio of 3.54 and a debt-to-equity ratio of 0.43. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $70.58. The company has a market capitalization of $22.05 billion, a PE ratio of 71.16, a price-to-earnings-growth 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. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Research analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor declared that its board has approved a stock repurchase plan on Tuesday, November 18th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total value of $1,101,000.00. Following the sale, the chief financial officer directly owned 379,448 shares in the company, valued at approximately $20,888,612.40. The trade was a 5.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

ON Semiconductor Company 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.