NEOS Investment Management LLC Raises Stock Holdings in ON Semiconductor Corporation $ON

NEOS Investment Management LLC increased its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 62.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 220,748 shares of the semiconductor company’s stock after acquiring an additional 84,991 shares during the period. NEOS Investment Management LLC’s holdings in ON Semiconductor were worth $10,885,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in ON Semiconductor by 0.5% in the second quarter. Vanguard Group Inc. now owns 51,367,704 shares of the semiconductor company’s stock worth $2,692,181,000 after purchasing an additional 243,238 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of ON Semiconductor by 7.7% in 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 during the last quarter. Geode Capital Management LLC increased its stake in ON Semiconductor by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,296,301 shares of the semiconductor company’s stock worth $590,383,000 after buying an additional 77,795 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in ON Semiconductor by 0.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,889,080 shares of the semiconductor company’s stock valued at $284,737,000 after buying an additional 53,748 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in ON Semiconductor by 55.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after buying an additional 2,072,125 shares during the period. Institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling

In other ON Semiconductor news, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,015,610 shares in the company, valued at $74,159,842.20. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Trent Thad sold 60,000 shares of ON Semiconductor stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the completion of the transaction, the chief financial officer directly owned 339,460 shares in the company, valued at $24,176,341.20. This represents a 15.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 100,000 shares of company stock worth $6,834,600. Insiders own 0.31% of the company’s stock.

ON Semiconductor Trading Down 0.3%

Shares of NASDAQ ON opened at $71.96 on Wednesday. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $73.63. The business has a fifty day moving average price of $60.30 and a 200 day moving average price of $53.57. The stock has a market capitalization of $28.35 billion, a P/E ratio of 211.65, a price-to-earnings-growth ratio of 0.77 and a beta of 1.56. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The firm’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Equities research analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor announced that its Board of Directors has authorized a share buyback program on Tuesday, November 18th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 32.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

ON has been the topic of a number of research reports. KeyCorp raised their target price on shares of ON Semiconductor from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. TD Cowen restated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, February 10th. Cfra reaffirmed a “buy” rating and set a $64.00 target price on shares of ON Semiconductor in a research report on Tuesday, November 4th. Benchmark downgraded ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Truist Financial lifted their price objective on ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday, February 10th. Twelve research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ON Semiconductor presently has an average rating of “Hold” and an average target price of $64.19.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: Quarterly results: ON reported $0.64 EPS (slightly above estimates) and provided Q1 2026 EPS guidance of $0.560–0.660, showing operating resilience despite revenue pressure — this supports near-term earnings visibility. MarketBeat ON earnings summary
• Neutral Sentiment: International revenue review: A Zacks piece digs into ON’s overseas revenue trends and implications for forecasts — useful context on end-market exposure but not an immediate catalyst. Zacks: international revenues analysis
• Neutral Sentiment: Analyst consensus: recent aggregation shows a “Hold” consensus from analysts — implies limited near-term upside from Street expectations. Analyst consensus report
• Negative Sentiment: Benchmark downgrade: Benchmark cut its rating on ON Semiconductor, a direct negative for investor sentiment and a likely driver of intraday selling pressure. MSN: Benchmark downgrade

ON Semiconductor 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.