Benchstone Capital Management LP Invests $30.14 Million in ON Semiconductor Corporation $ON

Benchstone Capital Management LP bought a new stake in shares of ON Semiconductor Corporation (NASDAQ:ON) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 575,146 shares of the semiconductor company’s stock, valued at approximately $30,143,000. ON Semiconductor accounts for about 2.7% of Benchstone Capital Management LP’s portfolio, making the stock its 19th largest position. Benchstone Capital Management LP owned approximately 0.14% of ON Semiconductor as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Trust Co. of Toledo NA OH acquired a new stake in ON Semiconductor in the second quarter valued at approximately $29,000. Darwin Wealth Management LLC acquired a new stake in ON Semiconductor in the 2nd quarter valued at $32,000. Evelyn Partners Asset Management Ltd purchased a new stake in ON Semiconductor in the 2nd quarter worth $35,000. Geneos Wealth Management Inc. raised its position in ON Semiconductor by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 507 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in ON Semiconductor during the second quarter valued at $57,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

ON Semiconductor Price Performance

ON stock opened at $54.96 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. The business has a 50 day simple moving average of $50.59 and a 200-day simple moving average of $51.44. The firm has a market capitalization of $22.11 billion, a PE ratio of 71.38, a price-to-earnings-growth ratio of 2.99 and a beta of 1.57. ON Semiconductor Corporation has a 1 year low of $31.04 and a 1 year high of $70.58.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The firm’s revenue was down 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Equities research analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor declared that its board has authorized a stock repurchase plan on Tuesday, November 18th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 32.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ON has been the subject of a number of research reports. Rosenblatt Securities reissued a “neutral” rating and set a $50.00 target price on shares of ON Semiconductor in a research note on Tuesday, November 4th. Benchmark reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Morgan Stanley increased their target price on ON Semiconductor from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, November 24th. UBS Group lifted their price target on ON Semiconductor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, Cfra reiterated a “buy” rating and set a $64.00 price target on shares of ON Semiconductor in a research report on Tuesday, November 4th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.12.

Insider Activity at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the transaction, the chief financial officer owned 379,448 shares of the company’s stock, valued at approximately $20,888,612.40. The trade was a 5.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

About ON Semiconductor

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.