Carmel Capital Partners LLC Sells 15,082 Shares of ON Semiconductor Corporation $ON

Carmel Capital Partners LLC cut its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 31.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,472 shares of the semiconductor company’s stock after selling 15,082 shares during the period. Carmel Capital Partners LLC’s holdings in ON Semiconductor were worth $1,651,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ON. Norges Bank bought a new stake in shares of ON Semiconductor during the 2nd quarter worth about $228,835,000. Rafferty Asset Management LLC lifted its holdings in ON Semiconductor by 55.0% in the 2nd 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. M&G PLC boosted its position in ON Semiconductor by 164.2% during the second quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company’s stock worth $127,873,000 after purchasing an additional 1,528,311 shares during the period. Alliancebernstein L.P. grew its holdings in ON Semiconductor by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock valued at $105,401,000 after purchasing an additional 1,523,866 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position 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 period. 97.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the sale, the chief financial officer owned 379,448 shares in the company, valued at $20,888,612.40. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by company insiders.

ON Semiconductor Stock Down 0.1%

ON stock opened at $63.07 on Friday. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $65.77. The company has a quick ratio of 3.54, a current ratio of 5.23 and a debt-to-equity ratio of 0.43. The company has a market cap of $25.38 billion, a PE ratio of 81.91, a price-to-earnings-growth ratio of 2.74 and a beta of 1.55. The business’s 50-day simple moving average is $54.84 and its 200 day simple moving average is $52.79.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the company earned $0.99 EPS. The company’s quarterly revenue was down 12.0% on a year-over-year basis. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, research analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ON. Cfra reaffirmed a “buy” rating and set a $64.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. UBS Group upped their price target on shares of ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, October 27th. B. Riley lifted their price objective on ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday. Stifel Nicolaus increased their target price on ON Semiconductor from $50.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, January 16th. Finally, BNP Paribas Exane set a $62.00 target price on ON Semiconductor and gave the company a “neutral” rating in a report on Thursday. Thirteen analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.30.

Key ON Semiconductor News

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

• Positive Sentiment: Bank of America raised its price target to $65 (from $60) — a modest analyst upgrade that supports upside and reflects continued confidence in ON’s growth outlook. Bank of America raises PT to $65
• Positive Sentiment: The stock recently hit a 52-week high, signaling strong buying interest and momentum that can attract momentum/technical traders. 52-week high report
• Positive Sentiment: ON’s Relative Strength (RS) rating jumped (reported coverage notes an RS increase to 84), reinforcing the view that price momentum is improving versus peers. RS rating jump
• Neutral Sentiment: Market aggregate remains cautious — sources show ON’s consensus analyst rating as roughly a “Hold,” indicating mixed views among sell-side analysts. That moderates the impact of single-firm upgrades. Analyst consensus ‘Hold’
• Neutral Sentiment: Research/feature pieces (e.g., TipRanks coverage) continue to highlight ON’s stable 2026 outlook and industry exposure to automotive and industrial chips — useful context but not an immediate catalyst. Is ON a good buy in 2026?
• Negative Sentiment: BNP Paribas Exane set a new $62 price target with a “neutral” rating — a lower target that can weigh on sentiment for investors seeking higher upside. BNP Paribas Exane PT $62

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.