Pacer Advisors Inc. Has $90.30 Million Stake in ON Semiconductor Corporation $ON

Pacer Advisors Inc. trimmed its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 12.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,831,207 shares of the semiconductor company’s stock after selling 265,557 shares during the quarter. Pacer Advisors Inc.’s holdings in ON Semiconductor were worth $90,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ON. Private Trust Co. NA raised its position 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 valued at $26,000 after acquiring an additional 220 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of ON Semiconductor in the 2nd quarter worth $29,000. Rexford Capital Inc. acquired a new stake in shares of ON Semiconductor during the second quarter worth $31,000. Darwin Wealth Management LLC bought a new stake in ON Semiconductor in the second quarter valued at about $32,000. Finally, Evelyn Partners Asset Management Ltd acquired a new position in ON Semiconductor in the second quarter valued at about $35,000. 97.70% of the stock is owned by institutional investors.

Insider Buying and Selling at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Key Headlines Impacting ON Semiconductor

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

• Neutral Sentiment: Data note on short interest is confusing and non‑directional — published short‑interest numbers for December show an apparent increase but the reported figures are zero/NaN, making the signal unreliable; investors should treat short‑interest reporting here as ambiguous until corrected.
• Neutral Sentiment: U.S. trade/policy headlines could be a mixed, longer‑term headwind — reports that the U.S. will raise tariffs / tighten policy toward Chinese semiconductor chips add regulatory risk to the industry but the concrete tariff start date is distant (mid‑2027), so near‑term impact is uncertain. U.S. to impose new tariffs on Chinese semiconductors
• Negative Sentiment: Headline coverage flagged ON’s underperformance versus competitors on Dec. 24 — articles note ON lagged the market amid a broader rally, prompting short‑term selling and investor caution. ON Semiconductor underperforms
• Negative Sentiment: Coverage saying “ON stock sinks as market gains” highlights profit‑taking and relative weakness that likely drove the drop — with lighter holiday volumes, weakness can amplify moves and widen the gap vs. peers. ON stock sinks as market gains

Analyst Ratings Changes

Several research firms have recently issued reports on ON. Benchmark restated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. UBS Group boosted their price objective on shares of ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Cfra reaffirmed a “buy” rating and issued a $64.00 target price on shares of ON Semiconductor in a research note on Tuesday, November 4th. TD Cowen lifted their price target on shares of ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Cowen restated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Fourteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $59.35.

ON Semiconductor Stock Performance

Shares of ON opened at $55.15 on Friday. The firm has a market cap of $22.19 billion, a P/E ratio of 71.62, a PEG ratio of 2.94 and a beta of 1.57. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $67.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23. The firm’s 50 day moving average price is $51.52 and its two-hundred day moving average price is $52.03.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The firm’s revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor announced that its Board of Directors has approved a share buyback program on Tuesday, November 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is 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.