Allianz SE Invests $637,000 in ON Semiconductor Corporation $ON

Allianz SE purchased a new stake in shares of ON Semiconductor Corporation (NASDAQ:ON) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,921 shares of the semiconductor company’s stock, valued at approximately $637,000.

Other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its position in ON Semiconductor by 72.8% in the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 220 shares during the period. Deseret Mutual Benefit Administrators increased its position in shares of ON Semiconductor by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 218 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of ON Semiconductor during the 3rd quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in ON Semiconductor by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 235 shares during the period. Finally, Rexford Capital Inc. acquired a new position in ON Semiconductor in the second quarter valued at about $31,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor Price Performance

ON opened at $66.48 on Friday. The company has a market capitalization of $26.19 billion, a P/E ratio of 195.54, a PEG ratio of 0.71 and a beta of 1.56. The company has a 50-day moving average of $62.56 and a 200-day moving average of $54.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 4.52. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $73.76.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data 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. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company earned $0.95 earnings per share. ON Semiconductor’s quarterly revenue was down 11.2% on a year-over-year basis. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Equities analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor announced that its board has authorized a share buyback plan on Tuesday, November 18th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Key Stories Impacting ON Semiconductor

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

• Positive Sentiment: Q4 beat on EPS and healthy balance sheet — ON reported $0.64 EPS vs. ~$0.62 consensus (a slight beat) and shows strong liquidity (quick ratio ~2.98, current ratio ~4.52, debt/equity ~0.39). That beat and the clean balance sheet support the stock versus a larger downside.
• Neutral Sentiment: Sector context — broader semiconductor index coverage and investor attention on the PHLX Semiconductor Index (SOX) can amplify moves in ON as traders rotate across chip names; refresh on the SOX index and its components here. PHLX Semiconductor Index (SOX): Key Definition and Companies
• Negative Sentiment: Revenue decline and cautious near-term outlook — ON’s revenue fell ~11.2% year-over-year and it missed revenue consensus narrowly while guiding Q1 FY2026 EPS to a range of $0.56–$0.66. The combination of slowing sales, modest revenue miss and cautious guidance prompted profit-taking, especially given a rich valuation (trailing P/E ~195 on current price).

Analyst Ratings Changes

ON has been the subject of a number of recent analyst reports. Mizuho dropped their price target 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, February 10th. BNP Paribas Exane raised shares of ON Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Truist Financial lifted their target price on shares of ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday, February 10th. Wells Fargo & Company lifted their price objective on ON Semiconductor from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Finally, Morgan Stanley boosted their price objective on ON Semiconductor from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, November 24th. Twelve equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.19.

Insider Buying and Selling

In related news, CFO Trent Thad sold 60,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $24,176,341.20. This represents a 15.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Hassane El-Khoury sold 20,000 shares of the firm’s 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 transaction, the chief executive officer owned 1,015,610 shares in the company, valued at $74,159,842.20. This trade represents a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 100,000 shares of company stock valued at $6,834,600 over the last quarter. Company 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.