Elo Mutual Pension Insurance Co Makes New $722,000 Investment in ON Semiconductor Corporation $ON

Elo Mutual Pension Insurance Co bought a new stake in shares of ON Semiconductor Corporation (NASDAQ:ON) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,646 shares of the semiconductor company’s stock, valued at approximately $722,000.

A number of other hedge funds also recently made changes to their positions in ON. Huntington National Bank grew its position in ON Semiconductor by 8.1% during the third quarter. Huntington National Bank now owns 6,175 shares of the semiconductor company’s stock valued at $304,000 after buying an additional 463 shares during the period. Quantbot Technologies LP raised its position in ON Semiconductor by 67.3% in the third quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company’s stock worth $4,642,000 after acquiring an additional 37,881 shares during the period. Allianz SE purchased a new position in ON Semiconductor in the third quarter valued at about $637,000. Handelsbanken Fonder AB boosted its stake in ON Semiconductor by 161.5% in the third quarter. Handelsbanken Fonder AB now owns 785,988 shares of the semiconductor company’s stock valued at $38,757,000 after acquiring an additional 485,391 shares during the last quarter. Finally, Andra AP fonden grew its position in shares of ON Semiconductor by 21.7% during the 3rd quarter. Andra AP fonden now owns 747,600 shares of the semiconductor company’s stock valued at $36,864,000 after acquiring an additional 133,051 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ON. Weiss Ratings lowered shares of ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, January 30th. Truist Financial upped their price objective on ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, February 10th. Wells Fargo & Company increased their price objective on ON Semiconductor from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. TD Cowen restated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, February 10th. Finally, B. Riley Financial upped their price target on ON Semiconductor from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Twelve analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $64.19.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: Renewed investor appetite for semiconductor names after a prominent investor bought a large stake in Nvidia — this kind of high-profile buying can lift sentiment across the chip sector and benefit ON as investors rotate into semiconductor exposure. This Billionaire Just Bought 1 MILLION Shares of Nvidia Stock
• Neutral Sentiment: Coverage piece highlighting rising investor attention in ON — notes valuation and liquidity metrics and flags ON as a name drawing retail and analyst focus; such attention can increase trading volume but doesn’t guarantee direction. ON Semiconductor Corporation (ON) is Attracting Investor Attention
• Neutral Sentiment: Recent quarterly results: ON reported $0.64 EPS (slightly above consensus) but revenue was down ~11% year-over-year and missed estimates — the company set Q1 fiscal guidance of $0.560–0.660 EPS. The EPS beat supports valuation, while weaker revenue and modest guidance temper the outlook.
• Negative Sentiment: End-market uncertainty in data-heavy segments: reports that video-game companies and other customers face storage and AI-related adoption issues may reduce near-term demand for components; sector-specific weakness can weigh on ON’s cyclical end markets. SONY vs. MSFT vs. NTDOF: Video Games Have a Storage Problem Thanks to AI
• Negative Sentiment: Valuation and recent run-up: ON’s P/E and recent 50-day/200-day moving average context make the stock vulnerable to profit-taking after hitting multi-month highs; combined with the revenue decline, that likely contributed to today’s downside pressure.

ON Semiconductor Price Performance

ON opened at $56.87 on Friday. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $22.41 billion, a P/E ratio of 167.27, a PEG ratio of 0.65 and a beta of 1.52. The stock has a 50-day moving average price of $63.22 and a 200-day moving average price of $55.06. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month 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 analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.53 billion for 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%.ON Semiconductor’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period last year, the firm posted $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Equities analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor declared that its board has approved a stock buyback program on Tuesday, November 18th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 32.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at ON Semiconductor

In other ON Semiconductor news, CFO Trent Thad sold 60,000 shares of ON Semiconductor stock in a transaction that occurred on Thursday, February 12th. The shares were 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 of the company’s stock, valued at approximately $24,176,341.20. This trade represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hassane El-Khoury sold 20,000 shares of the company’s stock in a transaction on 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 directly owned 1,015,610 shares of the company’s stock, valued at $74,159,842.20. This trade represents a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.31% of the company’s stock.

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.