Brevan Howard Capital Management LP Has $5.51 Million Stock Position in ON Semiconductor Corporation $ON

Brevan Howard Capital Management LP lifted its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 95.5% in the third quarter, HoldingsChannel reports. The fund owned 111,749 shares of the semiconductor company’s stock after buying an additional 54,574 shares during the period. Brevan Howard Capital Management LP’s holdings in ON Semiconductor were worth $5,510,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in ON Semiconductor by 0.5% in the second quarter. Vanguard Group Inc. now owns 51,367,704 shares of the semiconductor company’s stock worth $2,692,181,000 after purchasing an additional 243,238 shares during the period. Ameriprise Financial Inc. lifted its position in ON Semiconductor by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after purchasing an additional 877,533 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of ON Semiconductor by 0.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,889,080 shares of the semiconductor company’s stock valued at $284,737,000 after purchasing an additional 53,748 shares during the last quarter. Rafferty Asset Management LLC grew its position in shares of ON Semiconductor by 55.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after buying an additional 2,072,125 shares during the period. Finally, Norges Bank acquired a new stake in shares of ON Semiconductor during the 2nd quarter worth approximately $228,835,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Key ON Semiconductor News

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

• Positive Sentiment: Q4 results contained an earnings beat and management provided Q1 EPS guidance, which supports near-term expectations for profitability and gives a baseline for investors to model recovery. Here’s Why ON Semiconductor Corp. (ON) Fell More Than Broader Market
• Neutral Sentiment: Street coverage is mixed-to-cautious: the consensus analyst stance is around “Hold,” which limits upside from upgrades but reduces the likelihood of aggressive downgrades right away. ON Semiconductor Receives Average Recommendation of “Hold”
• Negative Sentiment: Leadership change in a core growth business — Simon Keeton’s resignation from officer roles in the Power Solutions Group — has raised execution and continuity concerns for ON’s automotive/energy-efficient power roadmap, putting pressure on the stock. Did a Key Power Unit Leadership Exit Just Shift ON Semiconductor’s (ON) Investment Narrative?
• Negative Sentiment: Underlying revenue trends are weak (quarterly revenue declined year-over-year and missed Street expectations), and several articles note the stock’s pullback since earnings — these fundamentals and investor skepticism are the main reasons for recent downside pressure. Why Is ON Semiconductor Corp. (ON) Down 11.6% Since Last Earnings Report?

Insiders Place Their Bets

In related news, 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 transaction of $1,460,400.00. Following the sale, the chief executive officer 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Trent Thad sold 60,000 shares of ON Semiconductor stock in a transaction dated 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 transaction, the chief financial officer 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. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is owned by corporate insiders.

ON Semiconductor Stock Up 1.5%

Shares of NASDAQ ON opened at $58.55 on Monday. The stock has a market cap of $23.07 billion, a P/E ratio of 172.21, a P/E/G ratio of 0.62 and a beta of 1.52. The firm has a 50 day moving average price of $63.64 and a 200 day moving average price of $55.42. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 4.52. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $73.76.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $1.53 billion for 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 period last year, the business posted $0.95 earnings per share. 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 has initiated 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 an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ON shares. Rosenblatt Securities increased their price objective on shares of ON Semiconductor from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $60.00 target price on shares of ON Semiconductor in a report on Tuesday, February 10th. Bank of America upped their target price on shares of ON Semiconductor from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. B. Riley Financial raised their price target on ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Finally, BNP Paribas Exane raised ON Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. Twelve analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.19.

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.