Rakuten Investment Management Inc. Takes Position in ON Semiconductor Corporation $ON

Rakuten Investment Management Inc. purchased a new stake in ON Semiconductor Corporation (NASDAQ:ON) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 108,022 shares of the semiconductor company’s stock, valued at approximately $5,327,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in ON Semiconductor by 187.9% during the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock valued at $4,863,000 after purchasing an additional 79,206 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of ON Semiconductor by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 507 shares during the period. Farther Finance Advisors LLC increased its position in shares of ON Semiconductor by 52.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,161 shares of the semiconductor company’s stock valued at $323,000 after purchasing an additional 2,115 shares during the last quarter. Sowell Financial Services LLC raised its holdings in ON Semiconductor by 4.1% during the 2nd quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 223 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in ON Semiconductor by 9.7% during the 2nd quarter. Park Avenue Securities LLC now owns 8,918 shares of the semiconductor company’s stock valued at $467,000 after buying an additional 785 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key Headlines Impacting ON Semiconductor

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

Insider Activity

In other 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 transaction 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 filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ON shares. Benchmark reiterated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Cantor Fitzgerald reiterated a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, December 16th. Morgan Stanley increased their price objective on shares of ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. TD Cowen restated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Finally, Robert W. Baird upped their target price on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Thirteen analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.30.

ON Semiconductor Price Performance

ON Semiconductor stock opened at $63.07 on Friday. The stock has a market cap of $25.38 billion, a price-to-earnings ratio of 81.91, a price-to-earnings-growth ratio of 2.74 and a beta of 1.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. ON Semiconductor Corporation has a 1 year low of $31.04 and a 1 year high of $65.77. The firm has a 50-day moving average of $54.84 and a two-hundred day moving average of $52.79.

ON Semiconductor (NASDAQ:ON) last issued its earnings results 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 net margin of 5.16% and a return on equity of 13.60%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company posted $0.99 earnings per share. The company’s quarterly revenue 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, research analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

ON Semiconductor announced that its Board of Directors has authorized a stock repurchase 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 shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.