Insider Selling: ON Semiconductor (NASDAQ:ON) CFO Sells $4,273,200.00 in Stock

ON Semiconductor Corporation (NASDAQ:ON) CFO Trent Thad sold 60,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $71.22, for a total value of $4,273,200.00. Following the completion of the sale, the chief financial officer owned 339,460 shares of the company’s stock, valued at approximately $24,176,341.20. The trade was a 15.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Trent Thad also recently made the following trade(s):

• On Wednesday, December 3rd, Trent Thad sold 20,000 shares of ON Semiconductor stock. The shares were sold at an average price of $55.05, for a total value of $1,101,000.00.

ON Semiconductor Trading Up 2.2%

Shares of NASDAQ:ON opened at $72.21 on Friday. The stock has a 50 day moving average of $59.65 and a 200 day moving average of $53.38. The company has a market cap of $28.45 billion, a PE ratio of 212.39, a price-to-earnings-growth ratio of 0.77 and a beta of 1.56. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $73.63. The company has a current ratio of 4.52, a quick ratio of 3.54 and a debt-to-equity ratio of 0.39.

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

ON Semiconductor declared that its board has authorized a share repurchase 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 buy up to 32.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ON. Marshall Wace LLP raised its stake in ON Semiconductor by 23,784.8% during the fourth quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company’s stock valued at $92,928,000 after purchasing an additional 1,708,937 shares in the last quarter. Callodine Capital Management LP purchased a new stake in shares of ON Semiconductor during the 4th quarter valued at about $6,725,000. Bridgewater Associates LP bought a new position in shares of ON Semiconductor in the 4th quarter valued at about $3,141,000. Stifel Financial Corp grew its position in ON Semiconductor by 0.9% in the fourth quarter. Stifel Financial Corp now owns 123,149 shares of the semiconductor company’s stock worth $6,669,000 after acquiring an additional 1,133 shares in the last quarter. Finally, Hudson Bay Capital Management LP increased its stake in ON Semiconductor by 1,696.4% during the fourth quarter. Hudson Bay Capital Management LP now owns 86,908 shares of the semiconductor company’s stock worth $4,706,000 after acquiring an additional 82,070 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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

Analysts Set New Price Targets

Several equities analysts have recently commented on ON shares. Benchmark downgraded ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. lifted their target price on ON Semiconductor from $56.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. BNP Paribas Exane upgraded ON Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. Barclays initiated coverage on shares of ON Semiconductor in a report on Thursday. They set an “equal weight” rating and a $75.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ON Semiconductor in a report on Tuesday. Twelve research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.19.

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.