Andra AP fonden Raises Position in ON Semiconductor Corporation $ON

Andra AP fonden grew its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 21.7% during the third quarter, Holdings Channel reports. The fund owned 747,600 shares of the semiconductor company’s stock after purchasing an additional 133,051 shares during the period. Andra AP fonden’s holdings in ON Semiconductor were worth $36,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ON. Norges Bank bought a new stake in shares of ON Semiconductor during the second quarter valued at approximately $228,835,000. Rafferty Asset Management LLC lifted its position in 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 valued at $305,943,000 after buying an additional 2,072,125 shares during the period. M&G PLC boosted its holdings in shares of ON Semiconductor by 164.2% during the 2nd quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company’s stock valued at $127,873,000 after buying an additional 1,528,311 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of ON Semiconductor by 312.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after buying an additional 1,523,866 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of ON Semiconductor by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after acquiring an additional 877,533 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

ON Semiconductor Trading Down 2.2%

Shares of NASDAQ:ON opened at $68.16 on Friday. The stock’s 50-day simple moving average is $62.34 and its two-hundred day simple moving average is $54.54. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 200.48, a PEG ratio of 0.74 and a beta of 1.56. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $73.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 4.52.

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

ON Semiconductor declared that its Board of Directors has authorized a stock repurchase program on Tuesday, November 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 32.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity at ON Semiconductor

In other ON Semiconductor news, CFO Trent Thad sold 60,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $71.22, for a total value of $4,273,200.00. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. The trade was a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 100,000 shares of company stock worth $6,834,600 over the last quarter. Insiders own 0.31% of the company’s stock.

Key ON Semiconductor News

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

• Positive Sentiment: Big AI/quantum hardware headlines lifted investor appetite for industrial tech and chip suppliers — IonQ’s strong Q4 and bullish 2026 guidance are driving optimism for compute and specialized-hardware demand, which can indirectly support semiconductor suppliers over time. IonQ Inc. (IONQ) Stock Rises on Q4 2025 Earnings
• Positive Sentiment: Early-stage AI infrastructure activity continues — JetScale AI’s oversubscribed seed round signals sustained demand for cloud/AI optimization software and services that ultimately increase spend on data‑center hardware and chips. JetScale AI Raises Oversubscribed $5.4M Seed Funding Round
• Neutral Sentiment: Crypto and consumer app product news (Telegram wallet vaults for BTC/ETH/USDT) are market-positive for software/platform plays but have limited direct impact on auto/analog power and sensor chips that drive most of ON’s revenue. Telegram’s in-app crypto wallet to offer yield on Bitcoin, Ether and USDt
• Neutral Sentiment: Mixed quarterly results across multiple sectors continue to move sentiment day-to-day; these are macro/market drivers rather than ON-specific catalysts. PENN NATIONAL GAMING (PENN) Releases Q4 2025 Earnings
• Negative Sentiment: No fresh company news plus the stock’s recent run-up leaves room for profit-taking. ON’s most recent quarter (reported Feb. 9) showed a slight EPS beat but revenue down ~11% Y/Y and only steady Q1 guidance — together with a high trailing valuation (very high P/E) that increases sensitivity to any slowdown in demand. This mix helps explain why shares are drifting lower today.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Mizuho dropped their price objective on shares of ON Semiconductor from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 10th. Evercore reiterated an “outperform” rating on shares of ON Semiconductor in a report on Wednesday, January 7th. Needham & Company LLC upped their price target on ON Semiconductor from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Piper Sandler raised their price objective on ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Finally, Wells Fargo & Company boosted their target price on ON Semiconductor from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Twelve investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.19.

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.