Assenagon Asset Management S.A. Increases Stock Holdings in ON Semiconductor Corporation $ON

Assenagon Asset Management S.A. increased its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 27.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,533,760 shares of the semiconductor company’s stock after buying an additional 325,991 shares during the quarter. Assenagon Asset Management S.A. owned 0.38% of ON Semiconductor worth $83,053,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA boosted 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 worth $26,000 after acquiring an additional 220 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of 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 last quarter. Quent Capital LLC bought a new position in shares of ON Semiconductor during the third quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of ON Semiconductor by 68.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 235 shares in the last quarter. Finally, Rexford Capital Inc. purchased a new position in ON Semiconductor during the second quarter worth about $31,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor News Roundup

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

• Positive Sentiment: Quarterly EPS slightly beat estimates (Q4 EPS $0.64 vs. consensus $0.62), showing some operating resilience despite softer revenue. This EPS beat supports the bullish near‑term narrative for the stock.
• Positive Sentiment: Management has authorized a sizable share buyback (a $6 billion repurchase program running through 2028), which provides a technical and cash‑return tailwind that can support the stock when the company repurchases shares. onsemi shares rise 3.5% as buyback support and strategy updates keep sentiment constructive
• Neutral Sentiment: Management is executing a strategic streamlining (exiting non‑core revenue while reallocating resources to silicon carbide and advanced analog). That raises medium/long‑term growth potential but may depress near‑term top‑line visibility.
• Neutral Sentiment: Broader semiconductor sector rotation into liquid, high‑quality chip names is lifting ON as investors re‑allocate into the group; this is sentiment‑driven rather than company‑specific.
• Negative Sentiment: Revenue pressure: quarterly revenue declined ~11% year‑over‑year and the company’s net margin remains thin (reported net margin ~2.0%), highlighting near‑term demand weakness that could limit upside if the cycle does not recover.
• Negative Sentiment: Insider selling has been active (multiple officer/director sales reported in recent months), which investors may view as a negative signal for insider conviction. onsemi shares rise 3.5% as buyback support and strategy updates keep sentiment constructive

Insider Activity at ON Semiconductor

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 value of $4,273,200.00. Following the transaction, the chief financial officer owned 339,460 shares in the company, valued at approximately $24,176,341.20. This represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $73.02, for a total value of $1,460,400.00. Following the transaction, the chief executive officer directly owned 1,015,610 shares of the company’s stock, valued at approximately $74,159,842.20. This trade represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 86,114 shares of company stock worth $6,092,308. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ON shares. Craig Hallum reaffirmed a “hold” rating on shares of ON Semiconductor in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, February 10th. Mizuho reduced their target price on ON Semiconductor from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, February 10th. TD Cowen reaffirmed a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, February 10th. Finally, Barclays began coverage on ON Semiconductor in a research report on Thursday, February 12th. They set an “equal weight” rating and a $75.00 price target for the company. Twelve investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, ON Semiconductor presently has a consensus rating of “Hold” and a consensus price target of $64.19.

ON Semiconductor Stock Performance

NASDAQ ON opened at $62.34 on Wednesday. The company has a market capitalization of $24.56 billion, a PE ratio of 183.36, a price-to-earnings-growth ratio of 0.64 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. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $73.76. The company has a 50-day simple moving average of $63.61 and a 200 day simple moving average of $55.97.

ON Semiconductor (NASDAQ:ON) last released its earnings results 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. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The company’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. On average, research analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.

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.