Baillie Gifford & Co. Reduces Stock Position in ON Semiconductor Corporation $ON

Baillie Gifford & Co. decreased its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,064,602 shares of the semiconductor company’s stock after selling 271,175 shares during the period. Baillie Gifford & Co. owned about 1.24% of ON Semiconductor worth $249,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in ON Semiconductor during the second quarter valued at approximately $228,835,000. Fisher Funds Management LTD increased its holdings in shares of ON Semiconductor by 42.0% in the 3rd quarter. Fisher Funds Management LTD now owns 87,729 shares of the semiconductor company’s stock valued at $4,326,000 after acquiring an additional 25,949 shares during the period. State of Alaska Department of Revenue raised its position in shares of ON Semiconductor by 39.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock worth $7,328,000 after acquiring an additional 39,530 shares in the last quarter. Polianta Ltd purchased a new stake in shares of ON Semiconductor during the 3rd quarter worth $1,420,000. Finally, Merit Financial Group LLC grew its stake in ON Semiconductor by 75.2% in the third quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company’s stock valued at $2,552,000 after purchasing an additional 22,211 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ON has been the subject of several analyst reports. Bank of America increased their price target on shares of ON Semiconductor from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday. Williams Trading set a $60.00 target price on shares of ON Semiconductor in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ON Semiconductor in a report on Monday, December 29th. Cantor Fitzgerald reiterated a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, December 16th. Finally, UBS Group raised their price objective on ON Semiconductor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Thirteen research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.30.

Insider Activity at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total value 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. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

More ON Semiconductor News

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

• Positive Sentiment: Several brokerages have recently upgraded or raised targets for ON, fueling short‑term buying and helping the stock reach a one‑year high earlier this week. Notable coverage cited includes a Bank of America upgrade and other positive analyst notes that highlight recovery potential. Article
• Positive Sentiment: Market commentary argues ON will benefit from a cyclical semiconductor recovery (auto electrification, industrial demand), which supports a constructive medium‑term outlook for revenue and margin improvement. Investors may be accumulating ahead of that potential rebound. Article
• Neutral Sentiment: onsemi set a clear near‑term catalyst: Q4 and full‑year 2025 results will be released after the close on February 9, 2026, followed by a 5:00 PM ET conference call. That upcoming report (and any guidance) is a likely focal point for traders and may increase volatility. Press release
• Neutral Sentiment: Some outlets and data aggregators show a mixed analyst picture — the street median target sits near the current price (Quiver/consensus ~ $59) and BNP Paribas Exane recently set a $62 target with a neutral rating, suggesting limited near‑term upside in some analysts’ views. Finviz / The Fly note
• Negative Sentiment: Insider selling has occurred recently (several executive-level sales disclosed), which can temper investor enthusiasm and create short‑term selling pressure ahead of earnings. Quiver summary
• Negative Sentiment: Institutional flows are mixed (some large holders cutting positions while others add), and ON’s valuation (high P/E and PEG vs. peers) leaves the stock sensitive to any miss in revenue, margin or guidance, raising downside risk into the print. Quiver / filings

ON Semiconductor Trading Down 1.7%

NASDAQ:ON opened at $61.98 on Friday. The company has a market capitalization of $24.94 billion, a P/E ratio of 80.49, a PEG ratio of 2.74 and a beta of 1.55. The company has a current ratio of 5.23, a quick ratio of 3.54 and a debt-to-equity ratio of 0.43. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $65.77. The firm has a fifty day simple moving average of $55.14 and a 200-day simple moving average of $52.84.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The firm’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, equities 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 approved a stock repurchase 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 purchase up to 32.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.