Mattson Financial Services LLC Purchases Shares of 4,722 ON Semiconductor Corporation $ON

Mattson Financial Services LLC acquired a new position in ON Semiconductor Corporation (NASDAQ:ON) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,722 shares of the semiconductor company’s stock, valued at approximately $247,000.

Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new position in ON Semiconductor in the 2nd quarter worth $29,000. Costello Asset Management INC bought a new position in ON Semiconductor in the 1st quarter worth $26,000. Golden State Wealth Management LLC raised its holdings in ON Semiconductor by 83.3% in the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 320 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in ON Semiconductor in the 2nd quarter worth $57,000. Finally, Ridgewood Investments LLC bought a new position in ON Semiconductor in the 2nd quarter worth $68,000. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ON shares. B. Riley restated a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, August 5th. Citigroup lowered their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, August 5th. Benchmark reissued a “buy” rating and set a $60.00 price target (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Needham & Company LLC lifted their price target on shares of ON Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Finally, Bank of America lowered their price target on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Twelve equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, ON Semiconductor has an average rating of “Hold” and an average target price of $56.68.

ON Semiconductor Stock Down 0.8%

NASDAQ:ON opened at $52.53 on Friday. The firm has a market cap of $21.48 billion, a P/E ratio of 49.09, a P/E/G ratio of 2.64 and a beta of 1.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $76.06. The firm has a 50-day simple moving average of $49.83 and a two-hundred day simple moving average of $48.11.

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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the sale, the chief executive officer directly owned 977,814 shares in the company, valued at approximately $50,083,633.08. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.