ON Semiconductor Corporation $ON Shares Acquired by Mizuho Markets Cayman LP

Mizuho Markets Cayman LP grew its stake in ON Semiconductor Corporation (NASDAQ:ON) by 19.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,721 shares of the semiconductor company’s stock after purchasing an additional 29,914 shares during the period. ON Semiconductor makes up about 0.4% of Mizuho Markets Cayman LP’s holdings, making the stock its 25th largest holding. Mizuho Markets Cayman LP’s holdings in ON Semiconductor were worth $8,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of ON Semiconductor in the 2nd quarter worth $228,835,000. Fisher Funds Management LTD boosted its position 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 valued at $4,326,000 after acquiring an additional 25,949 shares during the last quarter. Polianta Ltd purchased a new stake in shares of ON Semiconductor in the third quarter valued at about $1,420,000. Merit Financial Group LLC increased its position in ON Semiconductor by 75.2% during the third quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company’s stock worth $2,552,000 after purchasing an additional 22,211 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in ON Semiconductor during the third quarter worth about $5,327,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key Stories Impacting ON Semiconductor

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

• Positive Sentiment: Board-authorized buyback: ON’s board has authorized a large repurchase program (~$6.0B authorization reported in recent coverage), which reduces share count and is typically viewed as shareholder-friendly support for the stock. MarketBeat ON profile & recent results
• Neutral Sentiment: Quarterly results & guidance: ON reported $0.64 EPS (beat consensus by ~$0.02) with revenue roughly in line, and issued Q1 FY2026 EPS guidance of $0.560–0.660 — fundamentals that provide a near‑term valuation anchor but show year‑over‑year revenue pressure. MarketBeat ON profile & recent results
• Neutral Sentiment: Increased attention from investors: A Zacks piece notes heavy investor searches/interest in ON, which can boost intraday demand and volume as traders re‑evaluate the name. Zacks: Investors Heavily Search ON
• Negative Sentiment: Insider selling disclosed: ON insider Sudhir Gopalswamy sold 6,114 shares (filed with the SEC). While not large relative to total float, insider sales can be interpreted as a mild negative signal for sentiment. SEC filing for insider sale
• Negative Sentiment: Analyst/ratings action: A recent downgrade from at least one third‑party source to a “Hold” has been reported; downgrades can slow momentum and cap near‑term upside. American Banking News: Rating lowered to Hold

ON Semiconductor Price Performance

ON opened at $60.98 on Wednesday. The stock’s 50-day moving average price is $63.65 and its 200 day moving average price is $55.57. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $73.76. The firm has a market cap of $24.03 billion, a price-to-earnings ratio of 179.36, a PEG ratio of 0.64 and a beta of 1.52. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company earned $0.95 earnings per share. The business’s quarterly revenue was down 11.2% on a year-over-year basis. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. As a group, sell-side analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Rosenblatt Securities raised their price target on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Bank of America raised their target price on ON Semiconductor from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Wall Street Zen lowered ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Sunday. B. Riley Financial boosted their price objective on shares of ON Semiconductor from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Finally, BNP Paribas Exane raised shares of ON Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. Twelve research 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. According to data from MarketBeat, ON Semiconductor presently has an average rating of “Hold” and a consensus price target of $64.19.

Insiders Place Their Bets

In other ON Semiconductor news, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the completion of the transaction, the insider owned 173,943 shares of the company’s stock, valued at $10,205,235.81. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Trent Thad sold 60,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the completion of the transaction, the chief financial officer owned 339,460 shares of the company’s stock, valued at approximately $24,176,341.20. This trade represents a 15.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 86,114 shares of company stock worth $6,092,308 in the last ninety days. 0.31% of the stock is owned by corporate insiders.

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.