Principal Financial Group Inc. Sells 15,003 Shares of ON Semiconductor Corporation $ON

Principal Financial Group Inc. cut its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 440,837 shares of the semiconductor company’s stock after selling 15,003 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of ON Semiconductor worth $21,738,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Private Trust Co. NA grew its position in ON Semiconductor by 72.8% in the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 220 shares during the period. Quent Capital LLC bought a new position in shares of ON Semiconductor in the third quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of ON Semiconductor by 68.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 235 shares during the last quarter. Deseret Mutual Benefit Administrators grew its holdings in ON Semiconductor by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after buying an additional 218 shares in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in ON Semiconductor in the 2nd quarter valued at $29,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

ON Semiconductor Price Performance

NASDAQ ON opened at $65.20 on Friday. The company has a quick ratio of 3.54, a current ratio of 5.23 and a debt-to-equity ratio of 0.43. The company has a market cap of $26.24 billion, a PE ratio of 84.68, a price-to-earnings-growth ratio of 2.83 and a beta of 1.56. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $66.86. The firm’s 50-day simple moving average is $58.09 and its two-hundred day simple moving average is $52.98.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ON. Morgan Stanley increased their target price on shares of ON Semiconductor from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, November 24th. UBS Group reissued a “neutral” rating on shares of ON Semiconductor in a research report on Monday, February 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $50.00 target price on shares of ON Semiconductor in a research note on Tuesday, November 4th. Weiss Ratings downgraded ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 30th. Finally, Robert W. Baird boosted their price objective on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Thirteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ON Semiconductor has a consensus rating of “Hold” and a consensus target price of $61.30.

Insiders Place Their Bets

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer owned 379,448 shares of the company’s stock, valued at $20,888,612.40. The trade was a 5.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

More ON Semiconductor News

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

• Neutral Sentiment: Earnings preview — analysts expect ON to report Q4 revenue roughly in the $1.48–$1.58B range, with commentary highlighting AI/datacenter tailwinds but also margin pressure from higher costs and investments. Investors will be focused on whether AI-related demand offsets margin headwinds and on management guidance. ON Set to Report Q4 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Market bets ahead of the print — a Polymarket/Tipranks item flags that traders are pricing probabilities for ON beating its numbers on Monday, which can amplify intraday volatility and volume around the release. Expect larger-than-normal moves if results or guidance surprise. Polymarket Odds: Will APO, ON, GTM Beat Earnings on Monday?
• Negative Sentiment: Mixed recent fundamentals — ON beat Q3 EPS but revenue was down year‑over‑year and margins compressed; valuation is elevated (high P/E and recent run-up), which raises the bar for the company to deliver upside in the quarter or bullish guidance. This makes the stock sensitive to any weaker-than-expected top‑line, margin, or guidance commentary.

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.