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

ON Semiconductor Corporation (NASDAQ:ON) CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the transaction, the chief financial officer owned 301,194 shares of the company’s stock, valued at $28,011,042. This trade represents a 9.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 16th, Trent Thad sold 30,000 shares of ON Semiconductor stock. The shares were sold at an average price of $80.00, for a total value of $2,400,000.00.
• 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 value of $4,273,200.00.

ON Semiconductor Stock Down 0.4%

Shares of NASDAQ:ON opened at $98.04 on Tuesday. The company’s fifty day moving average is $68.07 and its 200-day moving average is $59.93. 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 $37.19 and a 52 week high of $100.30. The company has a market capitalization of $38.56 billion, a PE ratio of 288.36, a P/E/G ratio of 0.99 and a beta of 1.53.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter last year, the company posted $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Equities research analysts predict that ON Semiconductor Corporation will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

ON has been the subject of a number of recent analyst reports. Rosenblatt Securities raised their price target on ON Semiconductor from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Wells Fargo & Company boosted their price objective on ON Semiconductor from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. KeyCorp raised their target price on ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. TD Cowen reaffirmed a “buy” rating on shares of ON Semiconductor in a report on Tuesday, February 10th. Finally, Benchmark downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Fourteen analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ON Semiconductor presently has an average rating of “Hold” and a consensus price target of $67.15.

Key Stories Impacting ON Semiconductor

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

• Positive Sentiment: Expanded strategic collaboration with NIO to support next‑generation 900V EV platforms using onsemi’s EliteSiC power technology — a direct demand catalyst for high‑voltage SiC power devices, with NIO models (including the ES9) to be showcased at the Beijing Auto Show. onsemi and NIO Expand Strategic Collaboration
• Positive Sentiment: Sector tailwind: coverage highlights a rally in industrial/automotive chips driven by AI and EV electrification — supports a multi‑year demand story for onsemi’s power and sensing products. Industrial Chips Are in Rally Mode—5 Ways to Play
• Neutral Sentiment: Analyst frames and institutional flows are mixed: several price targets published in recent months sit below the current market level, and quarter‑end portfolio moves show both sizable adds and reductions — this suggests upside is contingent on execution and continued demand visibility. Quiver Quant: onsemi Expands Collaboration
• Negative Sentiment: Insider selling: CFO Trent Thad sold 30,000 shares on April 23 under a pre‑arranged 10b5‑1 plan (SEC filing). Quiver data also shows recent insider sell activity — which can prompt short‑term profit‑taking or feed perception of reduced insider conviction despite the company’s commercial wins. SEC filing: Trent Thad sale

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Fisher Funds Management LTD boosted its holdings in ON Semiconductor by 42.0% during the third quarter. Fisher Funds Management LTD now owns 87,729 shares of the semiconductor company’s stock worth $4,326,000 after buying an additional 25,949 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of ON Semiconductor by 75.2% in the 3rd quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company’s stock valued at $2,552,000 after acquiring an additional 22,211 shares during the last quarter. Quantbot Technologies LP raised its position in shares of ON Semiconductor by 67.3% in the 3rd quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company’s stock valued at $4,642,000 after acquiring an additional 37,881 shares during the period. Rakuten Investment Management Inc. bought a new position in ON Semiconductor during the 3rd quarter worth approximately $5,327,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in ON Semiconductor during the third quarter valued at approximately $1,134,000. 97.70% of the stock is currently owned by institutional investors.

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.