AIA Group Ltd Raises Position in ON Semiconductor Corporation $ON

AIA Group Ltd increased its stake in ON Semiconductor Corporation (NASDAQ:ON) by 127.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,130 shares of the semiconductor company’s stock after buying an additional 40,465 shares during the quarter. AIA Group Ltd’s holdings in ON Semiconductor were worth $3,557,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ON. Private Trust Co. NA grew its holdings in ON Semiconductor by 72.8% during the 3rd 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 in the last quarter. Deseret Mutual Benefit Administrators increased its stake in 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 buying an additional 218 shares during the period. Quent Capital LLC acquired a new position in ON Semiconductor in the 3rd quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. boosted its position 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 last quarter. Finally, Rexford Capital Inc. acquired a new stake in shares of ON Semiconductor during the second quarter valued at about $31,000. 97.70% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor Trading Down 1.9%

ON Semiconductor stock opened at $59.29 on Friday. ON Semiconductor Corporation has a 1 year low of $31.04 and a 1 year high of $73.76. The firm’s 50-day moving average is $63.59 and its 200-day moving average is $55.63. 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 company has a market cap of $23.36 billion, a P/E ratio of 174.39, a PEG ratio of 0.64 and a beta of 1.52.

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 business had revenue of $1.53 billion during 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%. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. 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 earnings per share for the current year.

Key Stories Impacting ON Semiconductor

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

• Positive Sentiment: The Yahoo Finance piece argues the recent pullback may be a reassessment opportunity — highlights ON’s long-term growth exposure to automotive and power semiconductors and suggests the dip could offer a buying entry for investors focused on secular demand. Is It Time To Reassess Onsemi After Recent Share Price Pullback?
• Positive Sentiment: ON beat quarterly EPS estimates (reported $0.64 vs. $0.62 consensus) — an upside on profitability that supports earnings momentum even as revenue softened year-over-year. (Company results & guidance referenced in company filings/earnings release.)
• Neutral Sentiment: Broader semiconductor strength in global markets (KOSPI semiconductor rally reported) is a positive backdrop that could lift ON if it regains momentum — but it also increases focus on relative performance. KOSPI seesaws on semiconductor gains, Middle East oil spikes
• Negative Sentiment: ON underperformed its semiconductor peers today, according to MarketWatch — investors are rotating into other chip names despite sector strength, which pressures ON’s price action. ON Semiconductor Corp. stock underperforms Thursday when compared to competitors
• Negative Sentiment: Underlying fundamentals remain mixed — revenue declined ~11% year-over-year while net margin is thin (recent quarter showed low single-digit net margin). Management set Q1 FY2026 EPS guidance of $0.56–$0.66, which may feel cautious and keeps focus on near-term demand trends.
• Negative Sentiment: Valuation is stretched on a trailing basis (P/E ~174) versus historical norms — that raises sensitivity to any execution misses or guidance cuts and helps explain why the stock falls when relative performance lags.

Analyst Upgrades and Downgrades

ON has been the topic of several recent analyst reports. Rosenblatt Securities boosted their price target on ON Semiconductor from $50.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. B. Riley Financial raised their price objective on ON Semiconductor from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. lifted their price objective on ON Semiconductor from $56.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Benchmark lowered ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings downgraded shares of ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, ON Semiconductor currently has an average rating of “Hold” and a consensus price target of $64.19.

Insider Activity at ON Semiconductor

In other ON Semiconductor news, 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 sale, the chief executive officer directly owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. This trade represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 86,114 shares of company stock worth $6,092,308 in the last 90 days. 0.31% of the stock is currently owned by company insiders.

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.