Allianz SE Buys New Position in ON Semiconductor Corporation $ON

Allianz SE purchased a new position in shares of ON Semiconductor Corporation (NASDAQ:ON) during the third quarter, Holdings Channel.com reports. The fund purchased 12,921 shares of the semiconductor company’s stock, valued at approximately $637,000.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of ON Semiconductor during the second quarter valued at approximately $228,835,000. Rafferty Asset Management LLC boosted its stake in ON Semiconductor by 55.0% during 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 purchasing an additional 2,072,125 shares in the last quarter. M&G PLC boosted its stake in 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 purchasing an additional 1,528,311 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of ON Semiconductor by 312.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock valued at $105,401,000 after purchasing an additional 1,523,866 shares during the period. Finally, Ameriprise Financial Inc. raised 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 buying an additional 877,533 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ON. Stifel Nicolaus raised their target price on ON Semiconductor from $50.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, January 16th. Benchmark downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Morgan Stanley lifted their price objective on shares of ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, November 24th. Craig Hallum reiterated a “hold” rating on shares of ON Semiconductor in a report on Tuesday, February 10th. Finally, Citigroup raised their target price on shares of ON Semiconductor from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Twelve research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ON Semiconductor currently has a consensus rating of “Hold” and an average price target of $64.19.

Insider Activity

In related news, CFO Trent Thad sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the completion of the sale, the chief financial officer directly owned 339,460 shares in the company, valued at approximately $24,176,341.20. This trade represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of the company’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 transaction of $1,460,400.00. Following the completion of the transaction, the chief executive officer owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. This represents a 1.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 100,000 shares of company stock worth $6,834,600. Company insiders own 0.31% of the company’s stock.

ON Semiconductor Price Performance

Shares of NASDAQ:ON opened at $66.48 on Friday. The company’s fifty day moving average is $62.56 and its two-hundred day moving average is $54.71. The company has a market cap of $26.19 billion, a P/E ratio of 195.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.56. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $73.76. The company has a quick ratio of 2.98, a current ratio of 4.52 and a debt-to-equity ratio of 0.39.

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

ON Semiconductor announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 18th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 32.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: Q4 beat on EPS and healthy balance sheet — ON reported $0.64 EPS vs. ~$0.62 consensus (a slight beat) and shows strong liquidity (quick ratio ~2.98, current ratio ~4.52, debt/equity ~0.39). That beat and the clean balance sheet support the stock versus a larger downside.
• Neutral Sentiment: Sector context — broader semiconductor index coverage and investor attention on the PHLX Semiconductor Index (SOX) can amplify moves in ON as traders rotate across chip names; refresh on the SOX index and its components here. PHLX Semiconductor Index (SOX): Key Definition and Companies
• Negative Sentiment: Revenue decline and cautious near-term outlook — ON’s revenue fell ~11.2% year-over-year and it missed revenue consensus narrowly while guiding Q1 FY2026 EPS to a range of $0.56–$0.66. The combination of slowing sales, modest revenue miss and cautious guidance prompted profit-taking, especially given a rich valuation (trailing P/E ~195 on current price).

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.