Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in ON Semiconductor Corporation $ON

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in ON Semiconductor Corporation (NASDAQ:ON) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 875,016 shares of the semiconductor company’s stock after purchasing an additional 66,891 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of ON Semiconductor worth $45,860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new position in shares of ON Semiconductor during the 1st quarter valued at about $26,000. Trust Co. of Toledo NA OH purchased a new position in ON Semiconductor in the 2nd quarter valued at about $29,000. Geneos Wealth Management Inc. boosted its stake 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 acquiring an additional 507 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of ON Semiconductor during the second quarter worth $57,000. Finally, Covestor Ltd lifted its stake in ON Semiconductor by 70.1% in the 1st quarter. Covestor Ltd now owns 1,514 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 624 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

ON Semiconductor Price Performance

ON Semiconductor stock opened at $48.54 on Tuesday. 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 business has a 50 day simple moving average of $50.02 and a 200-day simple moving average of $50.09. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $74.52. The stock has a market capitalization of $19.53 billion, a PE ratio of 45.36, a price-to-earnings-growth ratio of 2.58 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $0.99 EPS. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Equities analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Citigroup lowered their target price on ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, August 5th. Needham & Company LLC lifted their price objective on ON Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Piper Sandler reissued an “overweight” rating on shares of ON Semiconductor in a research report on Monday, August 4th. Finally, Williams Trading set a $60.00 price target on shares of ON Semiconductor in a research note on Tuesday, November 4th. Fourteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ON Semiconductor has an average rating of “Hold” and a consensus target price of $59.08.

Insider Buying and Selling

In other news, CEO Hassane El-Khoury sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the transaction, the chief executive officer directly owned 977,814 shares of the company’s stock, valued at $50,083,633.08. This trade represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

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.