20,102 Shares in ON Semiconductor Corporation $ON Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in ON Semiconductor Corporation (NASDAQ:ON) during the third quarter, Holdings Channel reports. The institutional investor bought 20,102 shares of the semiconductor company’s stock, valued at approximately $991,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in ON Semiconductor during the second quarter valued at approximately $228,835,000. Fisher Funds Management LTD increased its stake in shares of ON Semiconductor by 42.0% during the 3rd quarter. Fisher Funds Management LTD now owns 87,729 shares of the semiconductor company’s stock worth $4,326,000 after purchasing an additional 25,949 shares during the last quarter. Polianta Ltd bought a new position in shares of ON Semiconductor during the 3rd quarter valued at $1,420,000. Merit Financial Group LLC lifted 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 purchasing an additional 22,211 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in ON Semiconductor in the third quarter worth $5,327,000. 97.70% of the stock is owned by institutional investors and hedge funds.

More ON Semiconductor News

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

• Positive Sentiment: Big AI/quantum hardware headlines lifted investor appetite for industrial tech and chip suppliers — IonQ’s strong Q4 and bullish 2026 guidance are driving optimism for compute and specialized-hardware demand, which can indirectly support semiconductor suppliers over time. IonQ Inc. (IONQ) Stock Rises on Q4 2025 Earnings
• Positive Sentiment: Early-stage AI infrastructure activity continues — JetScale AI’s oversubscribed seed round signals sustained demand for cloud/AI optimization software and services that ultimately increase spend on data‑center hardware and chips. JetScale AI Raises Oversubscribed $5.4M Seed Funding Round
• Neutral Sentiment: Crypto and consumer app product news (Telegram wallet vaults for BTC/ETH/USDT) are market-positive for software/platform plays but have limited direct impact on auto/analog power and sensor chips that drive most of ON’s revenue. Telegram’s in-app crypto wallet to offer yield on Bitcoin, Ether and USDt
• Neutral Sentiment: Mixed quarterly results across multiple sectors continue to move sentiment day-to-day; these are macro/market drivers rather than ON-specific catalysts. PENN NATIONAL GAMING (PENN) Releases Q4 2025 Earnings
• Negative Sentiment: No fresh company news plus the stock’s recent run-up leaves room for profit-taking. ON’s most recent quarter (reported Feb. 9) showed a slight EPS beat but revenue down ~11% Y/Y and only steady Q1 guidance — together with a high trailing valuation (very high P/E) that increases sensitivity to any slowdown in demand. This mix helps explain why shares are drifting lower today.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup raised their target price on ON Semiconductor from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Robert W. Baird raised their price objective on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. KeyCorp increased their price target on ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Weiss Ratings lowered shares of ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ON Semiconductor from $56.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Twelve investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.19.

Insider Activity at ON Semiconductor

In related 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 transaction, the chief financial officer directly owned 339,460 shares in the company, valued at approximately $24,176,341.20. This represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the transaction, the chief executive officer directly owned 1,015,610 shares of the company’s stock, valued at approximately $74,159,842.20. This trade represents a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 100,000 shares of company stock valued at $6,834,600. Insiders own 0.31% of the company’s stock.

ON Semiconductor Price Performance

Shares of ON Semiconductor stock opened at $68.16 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98. The company has a market cap of $26.86 billion, a PE ratio of 200.48, a price-to-earnings-growth ratio of 0.74 and a beta of 1.56. The firm has a fifty day moving average price of $62.34 and a two-hundred day moving average price of $54.54. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $73.76.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. 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 declared that its board has approved a share repurchase program on Tuesday, November 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase up to 32.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.