Heartland Advisors Inc. Has $5.33 Million Holdings in ON Semiconductor Corporation $ON

Heartland Advisors Inc. trimmed its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 47.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,982 shares of the semiconductor company’s stock after selling 96,325 shares during the quarter. Heartland Advisors Inc.’s holdings in ON Semiconductor were worth $5,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in ON Semiconductor by 0.5% in the second quarter. Vanguard Group Inc. now owns 51,367,704 shares of the semiconductor company’s stock valued at $2,692,181,000 after acquiring an additional 243,238 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of ON Semiconductor by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after purchasing an additional 877,533 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of ON Semiconductor by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,296,301 shares of the semiconductor company’s stock valued at $590,383,000 after purchasing an additional 77,795 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in ON Semiconductor by 0.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,889,080 shares of the semiconductor company’s stock worth $284,737,000 after purchasing an additional 53,748 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in ON Semiconductor by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after purchasing an additional 2,072,125 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Buying and Selling at ON Semiconductor

In related news, CFO Trent Thad sold 60,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 339,460 shares in the company, valued at $24,176,341.20. The trade was a 15.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Hassane El-Khoury sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were 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 trade represents a 1.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,000 shares of company stock worth $6,834,600 over the last 90 days. Company insiders own 0.31% of the company’s stock.

ON Semiconductor Stock Performance

Shares of NASDAQ ON opened at $71.96 on Wednesday. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $73.63. The company has a market cap of $28.35 billion, a P/E ratio of 211.65, a P/E/G ratio of 0.77 and a beta of 1.56. The business’s 50 day moving average is $60.30 and its two-hundred day moving average is $53.57. The company has a quick ratio of 2.98, a current ratio of 4.52 and a debt-to-equity ratio of 0.39.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping 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%. ON Semiconductor’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the company posted $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. On average, equities analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

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

ON Semiconductor News Roundup

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

• Positive Sentiment: Quarterly results: ON reported $0.64 EPS (slightly above estimates) and provided Q1 2026 EPS guidance of $0.560–0.660, showing operating resilience despite revenue pressure — this supports near-term earnings visibility. MarketBeat ON earnings summary
• Neutral Sentiment: International revenue review: A Zacks piece digs into ON’s overseas revenue trends and implications for forecasts — useful context on end-market exposure but not an immediate catalyst. Zacks: international revenues analysis
• Neutral Sentiment: Analyst consensus: recent aggregation shows a “Hold” consensus from analysts — implies limited near-term upside from Street expectations. Analyst consensus report
• Negative Sentiment: Benchmark downgrade: Benchmark cut its rating on ON Semiconductor, a direct negative for investor sentiment and a likely driver of intraday selling pressure. MSN: Benchmark downgrade

Analyst Ratings Changes

A number of analysts have weighed in on ON shares. Wells Fargo & Company boosted their price target on ON Semiconductor from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Bank of America boosted their target price on ON Semiconductor from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Piper Sandler upped their target price on ON Semiconductor from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Cfra reiterated a “buy” rating and set a $64.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, BNP Paribas Exane upgraded shares of ON Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. Twelve equities 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 MarketBeat.com, ON Semiconductor presently has an average rating of “Hold” and an average 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.