Andar Capital Management HK Ltd Purchases New Holdings in ON Semiconductor Corporation $ON

Andar Capital Management HK Ltd acquired a new position in ON Semiconductor Corporation (NASDAQ:ON) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 50,000 shares of the semiconductor company’s stock, valued at approximately $2,466,000. ON Semiconductor comprises about 2.5% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 13th largest position.

Other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its stake in shares of ON Semiconductor by 72.8% during the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 220 shares during the last quarter. Quent Capital LLC purchased a new position in shares of ON Semiconductor during the 3rd quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in ON Semiconductor by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 235 shares during the last quarter. Deseret Mutual Benefit Administrators raised its stake in ON Semiconductor by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 218 shares during the period. Finally, Rexford Capital Inc. bought a new stake in ON Semiconductor in the 2nd quarter valued at about $31,000. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Trading Up 2.2%

Shares of NASDAQ:ON opened at $72.21 on Friday. The stock’s 50-day simple moving average is $59.65 and its two-hundred day simple moving average is $53.38. The stock has a market capitalization of $28.45 billion, a price-to-earnings ratio of 212.39, a PEG ratio of 0.77 and a beta of 1.56. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $73.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.54 and a current ratio of 4.52.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

ON Semiconductor announced that its Board of Directors has initiated a share buyback program on Tuesday, November 18th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 32.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: Q4 results beat EPS expectations, management highlighted record free cash flow and the board authorized an incremental $6.0B repurchase program — a structural support for the share price and a likely driver of momentum buying. Onsemi Is Near a Breakout—And Free Cash Flow Could Fuel It
• Positive Sentiment: Several analysts raised targets or issued supportive notes after the quarter (JPMorgan, Truist, Rosenblatt among others), which can attract institutional buying and underpin upside. JPMorgan Increases ON Semiconductor Price Target to $70
• Neutral Sentiment: Barclays initiated coverage with an Equal‑weight rating — increases coverage/liquidity but is not a directional endorsement. Barclays initiates ON Semiconductor coverage
• Neutral Sentiment: Analyst views are mixed overall (some raises, some trims) — that produces two‑way flows and makes the stock sensitive to near‑term execution updates. Seeking Alpha: ON Semiconductor – Reiterate Buy Upon Correction
• Negative Sentiment: Insider selling by senior executives this week — CEO Hassane El‑Khoury and CFO Trent Thad sold sizable blocks (20k and 60k shares respectively). Large insider disposals can weigh on sentiment and prompt short‑term selling. ON Semiconductor CEO Hassane El‑Khoury Sells 20,000 Shares
• Negative Sentiment: Top‑line remains pressured: revenue declined year‑over‑year and management flagged execution/market risks — investors will be watching whether revenue recovery accelerates to justify the current premium valuation. Q4 2025 earnings call transcript

Analyst Ratings Changes

A number of brokerages recently commented on ON. Benchmark cut shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Williams Trading set a $60.00 target price on ON Semiconductor in a research report on Tuesday, November 4th. Barclays began coverage on ON Semiconductor in a report on Thursday. They issued an “equal weight” rating and a $75.00 price target for the company. Weiss Ratings lowered ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday. Twelve analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.19.

Insider Activity at ON Semiconductor

In other news, CFO Trent Thad sold 60,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $71.22, for a total value of $4,273,200.00. Following the completion of the sale, the chief financial officer directly owned 339,460 shares in the company, valued at $24,176,341.20. This represents a 15.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $73.02, for a total value of $1,460,400.00. Following the transaction, the chief executive officer owned 1,015,610 shares in the company, valued at $74,159,842.20. This trade represents a 1.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,000 shares of company stock worth $6,834,600 over the last quarter. Insiders own 0.31% of the company’s stock.

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.