SG Americas Securities LLC Acquires 94,879 Shares of ON Semiconductor Corporation $ON

SG Americas Securities LLC grew its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 24.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 485,504 shares of the semiconductor company’s stock after purchasing an additional 94,879 shares during the quarter. SG Americas Securities LLC owned approximately 0.12% of ON Semiconductor worth $23,940,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ON. Norges Bank bought a new position in ON Semiconductor in the second quarter worth approximately $228,835,000. Rafferty Asset Management LLC raised its position in shares of ON Semiconductor by 55.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after acquiring an additional 2,072,125 shares in the last quarter. M&G PLC lifted its stake in shares of ON Semiconductor by 164.2% during the 2nd quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company’s stock worth $127,873,000 after purchasing an additional 1,528,311 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of ON Semiconductor by 312.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after purchasing an additional 1,523,866 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in ON Semiconductor by 7.7% during the second 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 in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Piper Sandler increased their price target on shares of ON Semiconductor from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday. Rosenblatt Securities reiterated a “neutral” rating and set a $50.00 price objective on shares of ON Semiconductor in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of ON Semiconductor in a research note on Monday, December 29th. Benchmark reaffirmed a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, December 16th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.56.

Insider Activity

In related news, CFO Trent Thad sold 20,000 shares of ON Semiconductor 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 sale, the chief financial officer owned 379,448 shares of the company’s stock, valued at $20,888,612.40. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is currently owned by insiders.

More ON Semiconductor News

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

• Positive Sentiment: Technical strength — ON has cleared the 80+ relative strength benchmark, a signal some momentum traders use to justify continued exposure; that can support the stock if demand holds. ON Semiconductor reaches 80-plus relative strength rating benchmark
• Neutral Sentiment: Quarterly results mixed — ON reported $0.63 EPS vs. consensus ~$0.59 and revenue of $1.55B vs. ~$1.52B, so it beat estimates on both EPS and top line. Management set Q4 FY2025 guidance of $0.57–$0.67 EPS, which is modest and leaves room for debate about near‑term growth.
• Negative Sentiment: Underlying softness and valuation risk — revenue fell ~12% year‑over‑year and margins/net income remain pressured, making the stock sensitive given a high P/E (~79). The shares have traded down amid lower intraday volume (≈10.15M vs. a ~11.95M avg), suggesting some profit‑taking after the move toward the one‑year high (~$63.63).

ON Semiconductor Trading Down 1.6%

NASDAQ ON opened at $60.89 on Friday. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $63.63. The company has a fifty day simple moving average of $52.48 and a two-hundred day simple moving average of $52.34. The company has a current ratio of 5.23, a quick ratio of 3.54 and a debt-to-equity ratio of 0.43. The stock has a market cap of $24.50 billion, a P/E ratio of 79.08, a P/E/G ratio of 2.69 and a beta of 1.55.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm earned $0.99 EPS. The firm’s revenue was down 12.0% on a year-over-year basis. 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 earnings per share for the current year.

ON Semiconductor announced that its board has approved a stock repurchase plan on Tuesday, November 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 32.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors 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.