Mitsubishi UFJ Trust & Banking Corp Lowers Position in ON Semiconductor Corporation $ON

Mitsubishi UFJ Trust & Banking Corp lowered its position in ON Semiconductor Corporation (NASDAQ:ON) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 538,515 shares of the semiconductor company’s stock after selling 50,156 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.13% of ON Semiconductor worth $28,224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ON. Ameriprise Financial Inc. boosted its stake in shares of ON Semiconductor by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company’s stock valued at $460,958,000 after buying an additional 110,735 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of ON Semiconductor by 15.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,835,332 shares of the semiconductor company’s stock worth $312,774,000 after purchasing an additional 774,087 shares in the last quarter. Baillie Gifford & Co. acquired a new position in shares of ON Semiconductor during the 1st quarter worth $219,001,000. Charles Schwab Investment Management Inc. increased its holdings in shares of ON Semiconductor by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company’s stock valued at $103,525,000 after purchasing an additional 55,976 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of ON Semiconductor by 2,735.5% in the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock valued at $87,330,000 after purchasing an additional 2,070,529 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

ON Semiconductor Stock Performance

ON Semiconductor stock opened at $48.13 on Friday. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average of $50.04 and a 200-day moving average of $50.13. The stock has a market cap of $19.37 billion, a P/E ratio of 44.98, a price-to-earnings-growth ratio of 2.58 and a beta of 1.56. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $74.52.

ON Semiconductor (NASDAQ:ON) last issued 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. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down 12.0% compared to the same quarter last year. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Williams Trading set a $60.00 price objective on ON Semiconductor in a research note on Tuesday, November 4th. Wells Fargo & Company decreased their price objective on shares of ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 5th. Susquehanna restated a “positive” rating and set a $65.00 target price (down from $75.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. UBS Group increased their price target on shares of ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, Cfra restated a “buy” rating and set a $64.00 price objective on shares of ON Semiconductor in a research report on Tuesday, November 4th. Fourteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ON Semiconductor currently has an average rating of “Hold” and a consensus target price of $59.08.

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.