Handelsbanken Fonder AB Has $38.76 Million Position in ON Semiconductor Corporation $ON

Handelsbanken Fonder AB boosted its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 161.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 785,988 shares of the semiconductor company’s stock after acquiring an additional 485,391 shares during the quarter. Handelsbanken Fonder AB owned 0.20% of ON Semiconductor worth $38,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Andra AP fonden grew its stake in shares of ON Semiconductor by 21.7% in the 3rd quarter. Andra AP fonden now owns 747,600 shares of the semiconductor company’s stock valued at $36,864,000 after purchasing an additional 133,051 shares during the period. Close Asset Management Ltd acquired a new stake in ON Semiconductor in the 3rd quarter valued at $38,000. DNB Asset Management AS grew its position in ON Semiconductor by 30.9% in the third quarter. DNB Asset Management AS now owns 723,688 shares of the semiconductor company’s stock valued at $35,685,000 after acquiring an additional 170,635 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in ON Semiconductor by 3.6% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 906,863 shares of the semiconductor company’s stock worth $44,717,000 after acquiring an additional 31,847 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of ON Semiconductor during the third quarter valued at $991,000. 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: Q4 beat on EPS and healthy balance sheet — ON reported $0.64 EPS vs. ~$0.62 consensus (a slight beat) and shows strong liquidity (quick ratio ~2.98, current ratio ~4.52, debt/equity ~0.39). That beat and the clean balance sheet support the stock versus a larger downside.
• Neutral Sentiment: Sector context — broader semiconductor index coverage and investor attention on the PHLX Semiconductor Index (SOX) can amplify moves in ON as traders rotate across chip names; refresh on the SOX index and its components here. PHLX Semiconductor Index (SOX): Key Definition and Companies
• Negative Sentiment: Revenue decline and cautious near-term outlook — ON’s revenue fell ~11.2% year-over-year and it missed revenue consensus narrowly while guiding Q1 FY2026 EPS to a range of $0.56–$0.66. The combination of slowing sales, modest revenue miss and cautious guidance prompted profit-taking, especially given a rich valuation (trailing P/E ~195 on current price).

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ON shares. Bank of America upped their target price on shares of ON Semiconductor from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Morgan Stanley upped 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 note on Monday, November 24th. Truist Financial lifted their target price on shares of ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, February 10th. Robert W. Baird increased their price target on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Piper Sandler raised their price target on ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Twelve equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.19.

Insider Activity

In related news, 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 completion of the sale, the chief financial officer directly owned 339,460 shares in the company, valued at $24,176,341.20. This trade represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the sale, the chief executive officer directly owned 1,015,610 shares of the company’s stock, valued at $74,159,842.20. This represents a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 100,000 shares of company stock worth $6,834,600. 0.31% of the stock is owned by company insiders.

ON Semiconductor Stock Performance

Shares of ON Semiconductor stock opened at $66.48 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98. The firm has a 50 day simple moving average of $62.56 and a 200 day simple moving average of $54.68. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $73.76. The firm has a market cap of $26.19 billion, a P/E ratio of 195.54, a P/E/G ratio of 0.72 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Sell-side analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor announced that its board has approved 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 reacquire up to 32.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

ON Semiconductor 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.