Sequoia Financial Advisors LLC Purchases 4,354 Shares of ON Semiconductor Corporation $ON

Sequoia Financial Advisors LLC increased its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 68.9% during the 2nd quarter, Holdings Channel reports. The firm owned 10,672 shares of the semiconductor company’s stock after acquiring an additional 4,354 shares during the period. Sequoia Financial Advisors LLC’s holdings in ON Semiconductor were worth $559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ON. Costello Asset Management INC bought a new stake in shares of ON Semiconductor during the 1st quarter valued at $26,000. Golden State Wealth Management LLC raised its position in shares of ON Semiconductor by 83.3% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 320 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of ON Semiconductor during the 2nd quarter valued at $29,000. Geneos Wealth Management Inc. raised its position in shares of ON Semiconductor by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 507 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of ON Semiconductor during the 2nd quarter valued at $57,000. 97.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ON. Bank of America cut their target price on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Piper Sandler reaffirmed an “overweight” rating on shares of ON Semiconductor in a research note on Monday, August 4th. The Goldman Sachs Group began coverage on shares of ON Semiconductor in a research note on Thursday, July 10th. They set a “neutral” rating and a $60.00 target price for the company. Citigroup cut their target price on shares of ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, August 5th. Finally, Stifel Nicolaus raised their target price on shares of ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 18th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.68.

ON Semiconductor Stock Performance

Shares of NASDAQ:ON opened at $52.53 on Monday. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $76.06. The stock has a market capitalization of $21.48 billion, a P/E ratio of 49.09, a PEG ratio of 2.61 and a beta of 1.49. The firm has a fifty day simple moving average of $49.83 and a two-hundred day simple moving average of $48.25. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The business’s quarterly revenue was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. On average, analysts expect 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 firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total value of $768,300.00. Following the completion of the sale, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by insiders.

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.