ON Semiconductor Corporation $ON Stake Raised by AIA Group Ltd

AIA Group Ltd increased its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 127.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 72,130 shares of the semiconductor company’s stock after purchasing an additional 40,465 shares during the quarter. AIA Group Ltd’s holdings in ON Semiconductor were worth $3,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings 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. raised its position in shares of ON Semiconductor by 7.7% during 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. Allspring Global Investments Holdings LLC lifted its stake in shares of ON Semiconductor by 0.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,889,080 shares of the semiconductor company’s stock worth $284,737,000 after acquiring an additional 53,748 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of 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 worth $305,943,000 after acquiring an additional 2,072,125 shares during the period. Finally, Norges Bank bought a new position in shares of ON Semiconductor in the second quarter valued at approximately $228,835,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 20,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the completion of the sale, the chief executive officer directly owned 1,015,610 shares of the company’s stock, valued at $74,159,842.20. This represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Trent Thad sold 60,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $71.22, for a total value of $4,273,200.00. Following the completion of the transaction, the chief financial officer owned 339,460 shares of the company’s stock, valued at $24,176,341.20. This trade represents a 15.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,114 shares of company stock valued at $6,092,308 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: The Yahoo Finance piece argues the recent pullback may be a reassessment opportunity — highlights ON’s long-term growth exposure to automotive and power semiconductors and suggests the dip could offer a buying entry for investors focused on secular demand. Is It Time To Reassess Onsemi After Recent Share Price Pullback?
• Positive Sentiment: ON beat quarterly EPS estimates (reported $0.64 vs. $0.62 consensus) — an upside on profitability that supports earnings momentum even as revenue softened year-over-year. (Company results & guidance referenced in company filings/earnings release.)
• Neutral Sentiment: Broader semiconductor strength in global markets (KOSPI semiconductor rally reported) is a positive backdrop that could lift ON if it regains momentum — but it also increases focus on relative performance. KOSPI seesaws on semiconductor gains, Middle East oil spikes
• Negative Sentiment: ON underperformed its semiconductor peers today, according to MarketWatch — investors are rotating into other chip names despite sector strength, which pressures ON’s price action. ON Semiconductor Corp. stock underperforms Thursday when compared to competitors
• Negative Sentiment: Underlying fundamentals remain mixed — revenue declined ~11% year-over-year while net margin is thin (recent quarter showed low single-digit net margin). Management set Q1 FY2026 EPS guidance of $0.56–$0.66, which may feel cautious and keeps focus on near-term demand trends.
• Negative Sentiment: Valuation is stretched on a trailing basis (P/E ~174) versus historical norms — that raises sensitivity to any execution misses or guidance cuts and helps explain why the stock falls when relative performance lags.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ON. Truist Financial raised their price objective on shares of ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating on shares of ON Semiconductor in a research note on Monday, February 2nd. Craig Hallum reiterated a “hold” rating on shares of ON Semiconductor in a research report on Tuesday, February 10th. Bank of America boosted their price objective on ON Semiconductor from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Finally, Evercore restated an “outperform” rating on shares of ON Semiconductor in a report on Wednesday, January 7th. Twelve equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $64.19.

ON Semiconductor Stock Down 1.9%

ON stock opened at $59.29 on Friday. The firm has a market cap of $23.36 billion, a PE ratio of 174.39, a P/E/G ratio of 0.64 and a beta of 1.52. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $73.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98. The firm has a 50 day simple moving average of $63.59 and a 200 day simple moving average of $55.63.

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

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.