Carmel Capital Partners LLC Sells 15,082 Shares of ON Semiconductor Corporation $ON

Carmel Capital Partners LLC reduced its stake in ON Semiconductor Corporation (NASDAQ:ON) by 31.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,472 shares of the semiconductor company’s stock after selling 15,082 shares during the period. Carmel Capital Partners LLC’s holdings in ON Semiconductor were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ON. Private Trust Co. NA boosted its stake in ON Semiconductor by 72.8% in the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 220 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of ON Semiconductor in the 3rd quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of ON Semiconductor by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 235 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of ON Semiconductor in the 2nd quarter worth about $29,000. Finally, Rexford Capital Inc. acquired a new stake in shares of ON Semiconductor during the 2nd quarter worth about $31,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting ON Semiconductor

Here are the key news stories impacting ON Semiconductor this week:

• Positive Sentiment: Bank of America raised its price target to $65 (from $60) — a modest analyst upgrade that supports upside and reflects continued confidence in ON’s growth outlook. Bank of America raises PT to $65
• Positive Sentiment: The stock recently hit a 52-week high, signaling strong buying interest and momentum that can attract momentum/technical traders. 52-week high report
• Positive Sentiment: ON’s Relative Strength (RS) rating jumped (reported coverage notes an RS increase to 84), reinforcing the view that price momentum is improving versus peers. RS rating jump
• Neutral Sentiment: Market aggregate remains cautious — sources show ON’s consensus analyst rating as roughly a “Hold,” indicating mixed views among sell-side analysts. That moderates the impact of single-firm upgrades. Analyst consensus ‘Hold’
• Neutral Sentiment: Research/feature pieces (e.g., TipRanks coverage) continue to highlight ON’s stable 2026 outlook and industry exposure to automotive and industrial chips — useful context but not an immediate catalyst. Is ON a good buy in 2026?
• Negative Sentiment: BNP Paribas Exane set a new $62 price target with a “neutral” rating — a lower target that can weigh on sentiment for investors seeking higher upside. BNP Paribas Exane PT $62

ON Semiconductor Stock Performance

ON stock opened at $63.07 on Friday. The company has a 50 day moving average price of $54.84 and a 200 day moving average price of $52.79. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $65.77. 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 stock has a market capitalization of $25.38 billion, a PE ratio of 81.91, a price-to-earnings-growth ratio of 2.74 and a beta of 1.55.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $0.99 EPS. The business’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. Analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current year.

ON Semiconductor declared that its Board of Directors has initiated a share repurchase plan on Tuesday, November 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 32.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the company’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 directly owned 379,448 shares in the company, valued at approximately $20,888,612.40. This represents a 5.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ON shares. Evercore ISI restated an “outperform” rating on shares of ON Semiconductor in a research report on Wednesday, January 7th. Citigroup boosted their target price on ON Semiconductor from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Piper Sandler increased their price target on ON Semiconductor from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Rosenblatt Securities reiterated a “neutral” rating and issued a $50.00 price objective on shares of 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 stock a “neutral” rating in a research note on Monday, October 27th. Thirteen research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.30.

About ON Semiconductor

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.