Trent Thad Sells 30,000 Shares of ON Semiconductor (NASDAQ:ON) Stock

ON Semiconductor Corporation (NASDAQ:ON) CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $80.00, for a total transaction of $2,400,000.00. Following the completion of the sale, the chief financial officer owned 331,194 shares of the company’s stock, valued at $26,495,520. This trade represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trent Thad also recently made the following trade(s):

• On Thursday, February 12th, Trent Thad sold 60,000 shares of ON Semiconductor stock. The stock was sold at an average price of $71.22, for a total transaction of $4,273,200.00.

ON Semiconductor Stock Performance

Shares of ON opened at $83.01 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98. ON Semiconductor Corporation has a one year low of $33.20 and a one year high of $83.52. The company has a 50-day simple moving average of $65.33 and a two-hundred day simple moving average of $58.05. The firm has a market capitalization of $32.65 billion, a PE ratio of 244.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.53.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the business earned $0.95 earnings per share. The business’s 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, analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Hedge Funds Weigh In On ON Semiconductor

Hedge funds have recently added to or reduced their stakes in the company. CVA Family Office LLC raised its holdings in ON Semiconductor by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 215 shares during the last quarter. Root Financial Partners LLC raised its holdings in ON Semiconductor by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 149 shares during the last quarter. Private Trust Co. NA raised its holdings in ON Semiconductor by 72.8% in 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. DV Equities LLC purchased a new position in ON Semiconductor in the 4th quarter worth approximately $30,000. Finally, Deseret Mutual Benefit Administrators raised its holdings in ON Semiconductor by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 218 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ON shares. Stifel Nicolaus lifted their target price on shares of ON Semiconductor from $50.00 to $60.00 and gave the company a “hold” rating in a report on Friday, January 16th. Weiss Ratings lowered shares of ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 30th. Wells Fargo & Company lifted their target price on shares of ON Semiconductor from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, February 10th. Finally, Citigroup lifted their target price on shares of ON Semiconductor from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Thirteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.96.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: Bank of America upgraded ON to a Buy, highlighting an expanding AI-power product pipeline (including the new Treo platform) and a large share‑repurchase program that it says could be a multi‑billion dollar tailwind for valuation; the upgrade appears to have pushed investor sentiment more positive. Is Bank of America’s Upgrade Reframing ON Semiconductor’s (ON) AI Power Strategy or Just the Buyback?
• Positive Sentiment: Unusually large call‑option buying and elevated volume suggest short‑term bullish positioning and speculative interest from traders — this kind of flow can amplify intraday/near‑term rallies. ON Semiconductor Corp. (ON) Moves 10.4% Higher: Will This Strength Last?
• Neutral Sentiment: Media and research pieces are asking whether the rally is sustainable (earnings‑estimate revisions and sentiment are improving), creating both momentum buyers and short‑term traders watching for confirmation. ON Semiconductor Corp. (ON) Moves 10.4% Higher: Will This Strength Last?
• Neutral Sentiment: ON has an upcoming near‑term catalyst: the company will report Q1 results after the close on May 4, 2026 — investors will watch guidance and product‑mix commentary for AI and power offerings. onsemi to Announce First Quarter Financial Results
• Negative Sentiment: Insider selling has been noticeable in recent months (several executive/management sales reported), which some investors view as a potential cautionary signal on near‑term upside or simply as executive liquidity. $ON stock is up 7% today. Here’s what we see in our data.
• Negative Sentiment: Operational headwinds remain — recent quarters showed revenue pressure (year‑over‑year declines and softer end‑market demand), so strong gains rely on visible improvement in sales or margin recovery rather than sentiment alone. Is Bank of America’s Upgrade Reframing ON Semiconductor’s (ON) AI Power Strategy or Just the Buyback?

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.