Los Angeles Capital Management LLC Buys Shares of 8,770 ON Semiconductor Corporation $ON

Los Angeles Capital Management LLC purchased a new position in ON Semiconductor Corporation (NASDAQ:ON) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,770 shares of the semiconductor company’s stock, valued at approximately $460,000.

Other institutional investors have also made changes to their positions in the company. Signaturefd LLC boosted its holdings in ON Semiconductor by 10.2% during the first quarter. Signaturefd LLC now owns 6,686 shares of the semiconductor company’s stock worth $272,000 after buying an additional 620 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of ON Semiconductor by 101.0% in the 1st quarter. Larson Financial Group LLC now owns 3,705 shares of the semiconductor company’s stock valued at $151,000 after acquiring an additional 1,862 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of ON Semiconductor by 15.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 5,377 shares of the semiconductor company’s stock valued at $219,000 after acquiring an additional 711 shares during the period. South Dakota Investment Council boosted its stake in ON Semiconductor by 202.7% during the 1st quarter. South Dakota Investment Council now owns 16,800 shares of the semiconductor company’s stock worth $684,000 after acquiring an additional 11,250 shares during the last quarter. Finally, Carmel Capital Partners LLC grew its holdings in ON Semiconductor by 56.1% during the first quarter. Carmel Capital Partners LLC now owns 41,841 shares of the semiconductor company’s stock valued at $1,703,000 after purchasing an additional 15,043 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor Stock Down 2.5%

ON stock opened at $46.92 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. The stock has a market capitalization of $18.88 billion, a P/E ratio of 43.85, a P/E/G ratio of 2.58 and a beta of 1.56. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $74.52. The business has a 50-day moving average of $50.00 and a 200-day moving average of $50.25.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm earned $0.99 EPS. ON Semiconductor’s revenue for the quarter 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, sell-side analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ON shares. Benchmark reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Cowen reaffirmed a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of ON Semiconductor in a research note on Thursday. Williams Trading set a $60.00 price target on ON Semiconductor in a research report on Tuesday, November 4th. Finally, UBS Group boosted their price objective on ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $59.08.

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.