ON Semiconductor Corporation $ON is Analog Century Management LP’s 10th Largest Position

Analog Century Management LP lifted its stake in ON Semiconductor Corporation (NASDAQ:ON) by 30.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,475,982 shares of the semiconductor company’s stock after buying an additional 340,395 shares during the period. ON Semiconductor makes up approximately 4.5% of Analog Century Management LP’s holdings, making the stock its 10th largest holding. Analog Century Management LP owned about 0.36% of ON Semiconductor worth $77,356,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of ON Semiconductor in the second quarter worth $228,835,000. State of Alaska Department of Revenue grew its holdings in ON Semiconductor by 39.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock worth $7,328,000 after acquiring an additional 39,530 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of ON Semiconductor by 7.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock valued at $42,892,000 after acquiring an additional 60,050 shares during the period. United Services Automobile Association bought a new position in shares of ON Semiconductor during the first quarter valued at about $401,000. Finally, Mizuho Markets Cayman LP boosted its holdings in shares of ON Semiconductor by 2,345.0% during the second quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock worth $7,904,000 after purchasing an additional 144,639 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ON Semiconductor

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 379,448 shares of the company’s stock, valued at approximately $20,888,612.40. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

ON Semiconductor Price Performance

ON opened at $55.10 on Thursday. The company has a current ratio of 5.23, a quick ratio of 3.54 and a debt-to-equity ratio of 0.43. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 71.56, a price-to-earnings-growth ratio of 2.95 and a beta of 1.57. The stock has a fifty day simple moving average of $50.33 and a two-hundred day simple moving average of $51.32. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $70.58.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The company’s revenue was down 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Research analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor announced that its board has approved a share buyback plan on Tuesday, November 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 32.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts recently issued reports on ON shares. UBS Group boosted their price target on ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Morgan Stanley lifted their price objective on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. Benchmark restated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Bank of America cut their price target on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Finally, Cfra reissued a “buy” rating and set a $64.00 price objective on shares of ON Semiconductor in a research report on Tuesday, November 4th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.12.

About ON Semiconductor

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.