Western Wealth Management LLC Sells 1,618 Shares of ON Semiconductor Corporation $ON

Western Wealth Management LLC lessened its stake in ON Semiconductor Corporation (NASDAQ:ON) by 12.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,023 shares of the semiconductor company’s stock after selling 1,618 shares during the quarter. Western Wealth Management LLC’s holdings in ON Semiconductor were worth $578,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Costello Asset Management INC purchased a new stake in ON Semiconductor in the 1st quarter worth $26,000. Trust Co. of Toledo NA OH purchased a new position in shares of ON Semiconductor during the second quarter valued at about $29,000. Geneos Wealth Management Inc. increased its holdings in shares of ON Semiconductor by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 507 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of ON Semiconductor in the second quarter worth about $57,000. Finally, Zions Bancorporation National Association UT boosted its stake in ON Semiconductor by 159.3% during the second quarter. Zions Bancorporation National Association UT now owns 1,159 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 712 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor Stock Down 1.9%

Shares of ON opened at $46.02 on Tuesday. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $49.94 and a 200 day moving average of $50.37. The company has a market cap of $18.52 billion, a PE ratio of 43.01, a P/E/G 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 posted its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The business’s revenue was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, sell-side analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Wall Street Analyst Weigh In

ON has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ON Semiconductor in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Robert W. Baird upped their price target on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Benchmark reiterated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Finally, Needham & Company LLC boosted their target price on shares of ON Semiconductor from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, ON Semiconductor has a consensus rating of “Hold” and an average price target 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.