ON Semiconductor Corporation $ON Stake Increased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC grew its stake in ON Semiconductor Corporation (NASDAQ:ON) by 3.9% during the second quarter, HoldingsChannel.com reports. The firm owned 11,826 shares of the semiconductor company’s stock after purchasing an additional 444 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in ON Semiconductor were worth $620,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new position in shares of ON Semiconductor in the 1st quarter worth about $219,001,000. Pacer Advisors Inc. grew its position in ON Semiconductor by 2,735.5% in the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock valued at $87,330,000 after buying an additional 2,070,529 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of ON Semiconductor by 26.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company’s stock valued at $203,462,000 after acquiring an additional 1,055,461 shares during the period. Nuveen LLC acquired a new position in shares of ON Semiconductor during the 1st quarter valued at $38,548,000. Finally, Price T Rowe Associates Inc. MD raised its position in ON Semiconductor by 94.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company’s stock worth $61,145,000 after acquiring an additional 728,177 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ON. Mizuho raised their price objective on ON Semiconductor from $60.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, June 26th. Benchmark reiterated a “buy” rating and issued a $60.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. UBS Group cut their price target on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 5th. 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. Finally, Cantor Fitzgerald assumed coverage on shares of ON Semiconductor in a research report on Wednesday, June 18th. They issued a “neutral” rating and a $55.00 price target on the stock. Twelve equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, ON Semiconductor presently has an average rating of “Hold” and a consensus target price of $56.68.

ON Semiconductor Trading Up 0.8%

Shares of ON stock opened at $48.74 on Friday. 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 fifty day moving average of $50.48 and a 200-day moving average of $47.60. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of 45.55, a P/E/G ratio of 2.41 and a beta of 1.49. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $76.06.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, equities research analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Insider Activity at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the transaction, the chief executive officer directly owned 977,814 shares of the company’s stock, valued at $50,083,633.08. The trade was a 1.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.

ON Semiconductor 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.