CIBC Asset Management Inc Has $6.43 Million Position in ON Semiconductor Corporation $ON

CIBC Asset Management Inc lessened its position in ON Semiconductor Corporation (NASDAQ:ON) by 58.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,353 shares of the semiconductor company’s stock after selling 185,145 shares during the period. CIBC Asset Management Inc’s holdings in ON Semiconductor were worth $6,428,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Private Trust Co. NA boosted its position in ON Semiconductor by 72.8% in the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 220 shares in the last quarter. Quent Capital LLC bought a new position in shares of ON Semiconductor in the third quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of ON Semiconductor by 68.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 235 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of 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 in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in ON Semiconductor during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ON. Cfra restated a “buy” rating and set a $64.00 target price on shares of ON Semiconductor in a report on Tuesday, November 4th. Piper Sandler upped their price target on shares of ON Semiconductor from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Rosenblatt Securities reissued a “neutral” rating and set a $50.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. Bank of America boosted their target price on shares of ON Semiconductor from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Finally, Benchmark reiterated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Thirteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat, ON Semiconductor has a consensus rating of “Hold” and a consensus target price of $61.30.

ON Semiconductor Trading Up 2.5%

Shares of NASDAQ:ON opened at $62.63 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. The company’s 50-day moving average price is $55.79 and its two-hundred day moving average price is $52.81. The stock has a market capitalization of $25.20 billion, a PE ratio of 81.34, a price-to-earnings-growth ratio of 2.65 and a beta of 1.55. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $65.77.

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

ON Semiconductor declared that its board has initiated a stock buyback plan on Tuesday, November 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 379,448 shares in the company, valued at approximately $20,888,612.40. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company’s stock.

ON Semiconductor News Roundup

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

• Positive Sentiment: Surge in investor attention is supporting momentum. Zacks flagged ON as a heavily searched semiconductor name, which can drive short‑term buying interest and volume as traders rotate into widely discussed names. Zacks: Investors Heavily Search ON
• Positive Sentiment: Recent earnings beat and forward guidance (Q3 Nov. results beat EPS estimates and Q4 guidance set at $0.57–$0.67) give investors confidence in near‑term profitability and execution — a common catalyst for multiple expansion in semiconductor stocks.
• Neutral Sentiment: Industry/market news around chip supply and M&A could indirectly affect sentiment for semiconductor suppliers like ON; for example, recent deals to shore up U.S. chip capacity highlight continued focus on domestic supply chains but don’t change ON’s near‑term fundamentals. Benzinga: IonQ buys SkyWater
• Negative Sentiment: Valuation is stretched versus fundamentals — ON’s trailing P/E is elevated (around 80+), which increases downside risk if revenue/margin recovery lags expectations.
• Negative Sentiment: Top‑line weakness persists: recent quarterly revenue declined year‑over‑year, and average daily volume today is below the 3‑month average, which can amplify moves and reduce conviction for sustained rallies.

ON Semiconductor Company 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.