First Trust Advisors LP Has $142.38 Million Position in ON Semiconductor Corporation $ON

First Trust Advisors LP lessened its position in ON Semiconductor Corporation (NASDAQ:ON) by 13.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,887,468 shares of the semiconductor company’s stock after selling 440,381 shares during the quarter. First Trust Advisors LP owned approximately 0.72% of ON Semiconductor worth $142,381,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ON. Vanguard Group Inc. boosted its position in ON Semiconductor by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 51,367,704 shares of the semiconductor company’s stock worth $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% in the second 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of ON Semiconductor by 0.7% in the second quarter. Geode Capital Management LLC now owns 11,296,301 shares of the semiconductor company’s stock worth $590,383,000 after purchasing an additional 77,795 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in ON Semiconductor by 0.9% during 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 during the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in ON Semiconductor by 55.0% during 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 during the last quarter. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Stock Performance

NASDAQ ON opened at $56.87 on Monday. The stock has a market cap of $22.41 billion, a PE ratio of 167.27, a P/E/G ratio of 0.60 and a beta of 1.52. 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 firm has a 50-day moving average of $63.22 and a 200-day moving average of $55.14. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $73.76.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. On average, sell-side analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current year.

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

Key ON Semiconductor News

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.

Insider Activity at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 20,000 shares of the business’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 completion of the sale, the chief executive officer directly owned 1,015,610 shares in the company, valued at $74,159,842.20. The trade was a 1.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Trent Thad sold 60,000 shares of the business’s stock in a transaction on 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 sale, the chief financial officer owned 339,460 shares of the company’s stock, valued at $24,176,341.20. This trade represents a 15.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ON has been the topic of several recent research reports. Needham & Company LLC lifted their price target on shares of ON Semiconductor from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Morgan Stanley increased their price objective on shares of ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, November 24th. Evercore reaffirmed an “outperform” rating on shares of ON Semiconductor in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, February 10th. Finally, KeyCorp 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 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $64.19.

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.