Caprock Group LLC Makes New Investment in ON Semiconductor Corporation $ON

Caprock Group LLC acquired a new stake in ON Semiconductor Corporation (NASDAQ:ON) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 39,896 shares of the semiconductor company’s stock, valued at approximately $1,978,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ON. Rhumbline Advisers lifted its position in ON Semiconductor by 2.6% during the third quarter. Rhumbline Advisers now owns 871,412 shares of the semiconductor company’s stock valued at $42,969,000 after purchasing an additional 22,036 shares during the period. Krilogy Financial LLC purchased a new position in shares of ON Semiconductor during the 3rd quarter valued at about $462,000. Baader Bank Aktiengesellschaft acquired a new position in shares of ON Semiconductor in the 3rd quarter valued at about $447,000. Wealthfront Advisers LLC boosted its stake in shares of ON Semiconductor by 6.4% in the third quarter. Wealthfront Advisers LLC now owns 29,859 shares of the semiconductor company’s stock worth $1,472,000 after buying an additional 1,806 shares during the last quarter. Finally, Arista Wealth Management LLC grew its holdings in ON Semiconductor by 75.0% during the third quarter. Arista Wealth Management LLC now owns 7,000 shares of the semiconductor company’s stock worth $345,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

ON Semiconductor Stock Performance

NASDAQ:ON opened at $72.21 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.54 and a current ratio of 4.52. The stock has a market capitalization of $28.45 billion, a PE ratio of 212.39, a P/E/G ratio of 0.75 and a beta of 1.56. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $73.63. The company has a fifty day moving average of $59.65 and a two-hundred day moving average of $53.42.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The company’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. As a group, research analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor announced that its board has initiated a share repurchase plan on Tuesday, November 18th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 32.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: Q4 results beat EPS expectations, management highlighted record free cash flow and the board authorized an incremental $6.0B repurchase program — a structural support for the share price and a likely driver of momentum buying. Onsemi Is Near a Breakout—And Free Cash Flow Could Fuel It
• Positive Sentiment: Several analysts raised targets or issued supportive notes after the quarter (JPMorgan, Truist, Rosenblatt among others), which can attract institutional buying and underpin upside. JPMorgan Increases ON Semiconductor Price Target to $70
• Neutral Sentiment: Barclays initiated coverage with an Equal‑weight rating — increases coverage/liquidity but is not a directional endorsement. Barclays initiates ON Semiconductor coverage
• Neutral Sentiment: Analyst views are mixed overall (some raises, some trims) — that produces two‑way flows and makes the stock sensitive to near‑term execution updates. Seeking Alpha: ON Semiconductor – Reiterate Buy Upon Correction
• Negative Sentiment: Insider selling by senior executives this week — CEO Hassane El‑Khoury and CFO Trent Thad sold sizable blocks (20k and 60k shares respectively). Large insider disposals can weigh on sentiment and prompt short‑term selling. ON Semiconductor CEO Hassane El‑Khoury Sells 20,000 Shares
• Negative Sentiment: Top‑line remains pressured: revenue declined year‑over‑year and management flagged execution/market risks — investors will be watching whether revenue recovery accelerates to justify the current premium valuation. Q4 2025 earnings call transcript

Analyst Ratings Changes

ON has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on ON Semiconductor from $50.00 to $60.00 and gave the company a “hold” rating in a report on Friday, January 16th. TD Cowen reiterated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday. Morgan Stanley increased their price target on shares of ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a report on Monday, November 24th. UBS Group reaffirmed a “neutral” rating on shares of ON Semiconductor in a report on Monday, February 2nd. Finally, Mizuho decreased their price objective on shares of ON Semiconductor from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Tuesday. Twelve research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.19.

Insider Activity at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the transaction, the chief executive officer directly owned 1,015,610 shares of the company’s stock, valued at approximately $74,159,842.20. This represents a 1.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Trent Thad sold 60,000 shares of ON Semiconductor stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the sale, the chief financial officer directly owned 339,460 shares in the company, valued at approximately $24,176,341.20. This trade represents a 15.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 100,000 shares of company stock valued at $6,834,600 over the last quarter. 0.31% of the stock is owned by company insiders.

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.