Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of ON Semiconductor Corporation (NASDAQ:ON – Free Report) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 931,979 shares of the semiconductor company’s stock after selling 125,906 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in ON Semiconductor were worth $50,467,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in shares of ON Semiconductor by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after purchasing an additional 877,533 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of ON Semiconductor by 8.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock worth $360,828,000 after acquiring an additional 474,725 shares during the last quarter. Rafferty Asset Management LLC increased its position in shares of ON Semiconductor by 55.0% during the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after acquiring an additional 2,072,125 shares during the last quarter. Capital International Investors increased its position in shares of ON Semiconductor by 0.5% during the third quarter. Capital International Investors now owns 4,249,967 shares of the semiconductor company’s stock worth $209,566,000 after acquiring an additional 22,699 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of ON Semiconductor by 636.1% during the third quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock worth $184,900,000 after acquiring an additional 3,240,375 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.
ON Semiconductor Stock Up 0.5%
Shares of ON Semiconductor stock opened at $72.43 on Thursday. The company has a quick ratio of 2.98, a current ratio of 4.52 and a debt-to-equity ratio of 0.39. The firm has a market cap of $28.49 billion, a P/E ratio of 213.04, a P/E/G ratio of 0.73 and a beta of 1.53. ON Semiconductor Corporation has a fifty-two week low of $32.85 and a fifty-two week high of $73.76. The business has a 50-day moving average price of $64.64 and a 200 day moving average price of $57.60.
Key Stories Impacting ON Semiconductor
Here are the key news stories impacting ON Semiconductor this week:
- Positive Sentiment: Bank of America upgraded ON to a Buy, which supports near-term demand for shares and likely helped today’s upside. Bank of America Upgrades ON Semiconductor to Buy
- Positive Sentiment: Quarterly EPS beat — ON reported $0.64 EPS (vs. ~$0.62 consensus) and issued Q1 2026 EPS guidance of $0.560–$0.660, giving investors a clearer near-term earnings range to model. (Company results and guidance underlie recent investor interest.) ON Semiconductor profile and results
- Neutral Sentiment: Technicals / momentum: ON is trading near its 1‑year high and above its 50- and 200‑day moving averages, attracting momentum traders but increasing the potential for short‑term profit‑taking. ON Semiconductor technical snapshot
- Negative Sentiment: Revenue weakness: quarterly revenue fell ~11.2% year‑over‑year and missed the consensus by a small amount — a reminder that demand softness persists in parts of the semiconductor end‑market. Q4 results and revenue details
- Negative Sentiment: Valuation risk: trailing P/E is elevated (reported ~213), which increases sensitivity to any earnings misses or weaker forward guidance; investors should weigh growth assumptions embedded in the stock. ON valuation metrics
Insiders Place Their Bets
In other ON Semiconductor news, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the transaction, the chief executive officer owned 1,015,610 shares of the company’s stock, valued at $74,159,842.20. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sudhir Gopalswamy sold 6,114 shares of ON Semiconductor stock in a transaction on Friday, March 13th. The stock was sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the transaction, the insider directly owned 173,943 shares of the company’s stock, valued at approximately $10,205,235.81. This represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,114 shares of company stock valued at $6,092,308 over the last 90 days. 0.35% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on ON shares. JPMorgan Chase & Co. lifted their target price on ON Semiconductor from $56.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Weiss Ratings lowered ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 30th. Wall Street Zen raised ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Monday. Bank of America raised ON Semiconductor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $85.00 in a research report on Monday. Finally, Rosenblatt Securities lifted their target price on ON Semiconductor from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Thirteen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.96.
Read Our Latest Research Report on ON Semiconductor
ON Semiconductor Company Profile
ON Semiconductor, which operates under the onsemi brand, is a global supplier of semiconductor components and related solutions. The company designs, manufactures and sells a broad portfolio that includes power and analog devices, discrete components, sensors and custom mixed-signal products. Its offerings are used to manage, convert and sense electrical power and signals across a wide range of electronic systems.
ON Semiconductor serves customers in key end markets such as automotive, industrial, cloud power and communications, as well as consumer and computing applications.
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