AXQ Capital LP Makes New $1.15 Million Investment in ON Semiconductor Corporation $ON

AXQ Capital LP acquired a new stake in ON Semiconductor Corporation (NASDAQ:ON) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,400 shares of the semiconductor company’s stock, valued at approximately $1,154,000.

Several other large investors have also recently added to or reduced their stakes in ON. Freedom Investment Management Inc. boosted its position in ON Semiconductor by 2.6% in the 2nd quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock valued at $412,000 after buying an additional 196 shares during the period. Versant Capital Management Inc raised its stake in shares of ON Semiconductor by 4.9% in the third quarter. Versant Capital Management Inc now owns 4,264 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 201 shares in the last quarter. UMB Bank n.a. boosted its holdings in ON Semiconductor by 4.1% in the third quarter. UMB Bank n.a. now owns 5,334 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 211 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in ON Semiconductor by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 218 shares during the period. Finally, Private Trust Co. NA grew its stake in ON Semiconductor by 72.8% during the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 220 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group reissued a “neutral” rating on shares of ON Semiconductor in a research report on Monday, February 2nd. Benchmark cut shares of ON Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Robert W. Baird raised their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Bank of America boosted their target price on shares of ON Semiconductor from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Finally, Piper Sandler raised their price target on ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Twelve analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ON Semiconductor presently has a consensus rating of “Hold” and an average price target of $64.19.

Insider Buying and Selling at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the completion of the sale, the chief executive officer owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. This represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Trent Thad sold 60,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $71.22, for a total value of $4,273,200.00. Following the completion of the transaction, the chief financial officer owned 339,460 shares in the company, valued at $24,176,341.20. This trade represents a 15.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 100,000 shares of company stock valued at $6,834,600. 0.31% of the stock is owned by insiders.

Key Stories Impacting ON Semiconductor

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

• Positive Sentiment: MarketBeat highlights ON’s strategic exposure to silicon carbide (SiC) and gallium-nitride (GaN) power chips — technologies in strong secular demand for automotive, industrial and AI/datacenter power systems — and notes analysts are increasingly constructive on a multi‑year recovery. 3 Industrial Chip Stocks Riding a New Semiconductor Supercycle in 2026
• Positive Sentiment: Coverage and commentary (FinancialPost/Yahoo) emphasize management’s ongoing buyback program and signs of market stabilization — management reported sequential improvement in automotive and industrial end markets and reiterated buybacks as a shareholder-return lever. How Weaker 2025 Results, New Guidance and Buybacks At ON Semiconductor (ON) Have Changed Its Investment Story
• Positive Sentiment: The Motley Fool reiterated a bullish view (named ON a top stock pick), citing recovering end markets, improving cash flow and the potential for AI/datacenter and automotive demand to re-rate shares. I Picked ON Semiconductor as My Top Stock for 2026. It’s Up 53%, but Is It Still a Great Value?
• Neutral Sentiment: Barclays initiated coverage with an Equal Weight rating — a sign of institutional attention but not an outright bullish endorsement; this can support liquidity and interest without forcing a strong directional move. Barclays initiates coverage of ON Semiconductor Corporation (ON) with an equal weight rating
• Negative Sentiment: Underlying fundamentals remain mixed: late‑2025 results showed year‑over‑year revenue and net income declines (Q4 sales down, full‑year 2025 revenue and net income weaker), and management’s near‑term guidance reflects a cautious, gradual recovery — a drag on short‑term multiple expansion. How Weaker 2025 Results, New Guidance and Buybacks At ON Semiconductor (ON) Have Changed Its Investment Story

ON Semiconductor Stock Up 0.5%

ON opened at $69.47 on Tuesday. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $73.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 4.52. The stock has a market capitalization of $27.37 billion, a P/E ratio of 204.33, a price-to-earnings-growth ratio of 0.74 and a beta of 1.56. The business’s 50-day simple moving average is $61.43 and its 200-day simple moving average is $54.18.

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

ON Semiconductor announced that its board has approved a share repurchase plan on Tuesday, November 18th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 32.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.