Allstate Corp Takes Position in ON Semiconductor Corporation $ON

Allstate Corp acquired a new stake in ON Semiconductor Corporation (NASDAQ:ON) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,886 shares of the semiconductor company’s stock, valued at approximately $734,000.

A number of other institutional investors also recently modified their holdings of ON. AQR Capital Management LLC increased its holdings in ON Semiconductor by 187.9% in the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock worth $4,863,000 after buying an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of ON Semiconductor by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 507 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of ON Semiconductor by 52.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,161 shares of the semiconductor company’s stock valued at $323,000 after purchasing an additional 2,115 shares during the last quarter. Sowell Financial Services LLC lifted its stake in shares of ON Semiconductor by 4.1% in the 2nd quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 223 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in ON Semiconductor by 9.7% in the second quarter. Park Avenue Securities LLC now owns 8,918 shares of the semiconductor company’s stock worth $467,000 after purchasing an additional 785 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: Bank of America raised its price target to $65 (from $60) — a modest analyst upgrade that supports upside and reflects continued confidence in ON’s growth outlook. Bank of America raises PT to $65
• Positive Sentiment: The stock recently hit a 52-week high, signaling strong buying interest and momentum that can attract momentum/technical traders. 52-week high report
• Positive Sentiment: ON’s Relative Strength (RS) rating jumped (reported coverage notes an RS increase to 84), reinforcing the view that price momentum is improving versus peers. RS rating jump
• Neutral Sentiment: Market aggregate remains cautious — sources show ON’s consensus analyst rating as roughly a “Hold,” indicating mixed views among sell-side analysts. That moderates the impact of single-firm upgrades. Analyst consensus ‘Hold’
• Neutral Sentiment: Research/feature pieces (e.g., TipRanks coverage) continue to highlight ON’s stable 2026 outlook and industry exposure to automotive and industrial chips — useful context but not an immediate catalyst. Is ON a good buy in 2026?
• Negative Sentiment: BNP Paribas Exane set a new $62 price target with a “neutral” rating — a lower target that can weigh on sentiment for investors seeking higher upside. BNP Paribas Exane PT $62

Insider Buying and Selling at ON Semiconductor

In related 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 value of $1,101,000.00. Following the completion of the sale, the chief financial officer owned 379,448 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

ON has been the topic of a number of analyst reports. UBS Group increased their price objective on ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Rosenblatt Securities reiterated a “neutral” rating and set a $50.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. Wells Fargo & Company boosted their price objective on shares of ON Semiconductor from $62.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Exane BNP Paribas raised shares of ON Semiconductor from an “underperform” rating to a “neutral” rating in a report on Thursday. Finally, Evercore ISI reiterated an “outperform” rating on shares of ON Semiconductor in a report on Wednesday, January 7th. Thirteen analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.30.

ON Semiconductor Trading Down 0.1%

Shares of ON stock opened at $63.07 on Friday. The firm has a fifty day moving average of $54.84 and a 200-day moving average of $52.79. The stock has a market cap of $25.38 billion, a price-to-earnings ratio of 81.91, a P/E/G ratio of 2.74 and a beta of 1.55. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $65.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23.

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

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

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.