BI Asset Management Fondsmaeglerselskab A S Grows Stake in ON Semiconductor Corporation $ON

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 44.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,657 shares of the semiconductor company’s stock after purchasing an additional 9,400 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in ON Semiconductor were worth $1,512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ON. Norges Bank purchased a new position in ON Semiconductor during the 2nd quarter valued at about $228,835,000. Rafferty Asset Management LLC raised its holdings in 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 last quarter. M&G PLC lifted 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 acquiring an additional 1,528,311 shares during the period. Alliancebernstein L.P. lifted its holdings 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 buying an additional 1,523,866 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of ON Semiconductor by 7.7% in the second 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 during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key 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.

ON Semiconductor Stock Up 3.3%

Shares of NASDAQ ON opened at $65.20 on Monday. 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’s 50-day simple moving average is $58.09 and its 200-day simple moving average is $52.93. The firm has a market cap of $26.24 billion, a price-to-earnings 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.

ON Semiconductor declared that its board has authorized a share repurchase program on Tuesday, November 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 32.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ON shares. BNP Paribas Exane upgraded shares of ON Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. B. Riley Financial lifted their price target on shares of ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Evercore restated an “outperform” rating on shares of ON Semiconductor in a research note on Wednesday, January 7th. Citigroup increased their price objective on shares of ON Semiconductor from $54.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Finally, Piper Sandler raised their target price on shares of ON Semiconductor from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.30.

Insider Transactions at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the transaction, the chief financial officer directly owned 379,448 shares in the company, valued at $20,888,612.40. The trade was a 5.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

ON Semiconductor 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.