38,667 Shares in ON Semiconductor Corporation $ON Acquired by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC bought a new stake in ON Semiconductor Corporation (NASDAQ:ON) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 38,667 shares of the semiconductor company’s stock, valued at approximately $1,907,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in shares of ON Semiconductor by 72.8% in the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 220 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of ON Semiconductor during the 3rd quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of ON Semiconductor by 68.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after buying an additional 235 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of ON Semiconductor by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after buying an additional 218 shares during the period. Finally, Rexford Capital Inc. purchased a new position in shares of ON Semiconductor in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

ON Semiconductor Price Performance

Shares of NASDAQ ON opened at $57.69 on Friday. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $73.76. The business has a 50-day moving average of $63.60 and a 200-day moving average of $55.31. 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 company has a market capitalization of $22.73 billion, a price-to-earnings ratio of 169.68, a PEG ratio of 0.63 and a beta of 1.52.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The company’s revenue was down 11.2% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. On average, equities analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

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

Insider Buying and Selling

In other news, CEO Hassane El-Khoury sold 20,000 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the transaction, the chief executive officer directly owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. This represents a 1.93% 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 this link. Also, CFO Trent Thad sold 60,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the sale, the chief financial officer directly owned 339,460 shares of the company’s stock, valued at approximately $24,176,341.20. The trade was a 15.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.31% of the company’s stock.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: Q4 EPS beat estimates (reported $0.64 vs. $0.62 consensus) and management provided a Q1 2026 EPS guide range (0.560–0.660), which helps limit downside from the print. Here’s Why ON Semiconductor Corp. (ON) Fell More Than Broader Market
• Positive Sentiment: Balance-sheet strength and liquidity metrics are favorable (high quick/current ratios and modest leverage), which reduces short-term financial risk and supports stability through a cyclic semiconductor cycle.
• Neutral Sentiment: Analyst coverage remains mixed-to-positive — some firms are constructive on the long-term story while others are cautious on near-term demand; that keeps volatility likely but provides a base of buy-side interest. Is ON Semiconductor Stock Outperforming the Dow?
• Negative Sentiment: Leadership change in the Power Solutions group: Group President Simon Keeton resigned from officer roles and will transition out by June 30, raising near-term execution and continuity concerns for a key growth division (power and automotive). ON Semiconductor Announces Leadership Transition in Power Solutions
• Negative Sentiment: Revenue weakness: quarterly revenue declined year-over-year (roughly an 11% drop), which alongside the earnings reaction has pressured the stock since the release. Why Is ON Semiconductor Corp. (ON) Down 11.6% Since Last Earnings Report?
• Negative Sentiment: Market reaction: commentators note the stock has traded down materially since the earnings release, amplifying intraday downside as investors reprice growth expectations and near-term demand risks. Here’s Why ON Semiconductor Corp. (ON) Fell More Than Broader Market

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley boosted their price target on ON Semiconductor from $55.00 to $56.00 and gave the company an “equal weight” rating in a research report on Monday, November 24th. B. Riley Financial raised their price objective on ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Truist Financial lifted their price objective on ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, February 10th. Stifel Nicolaus boosted their target price on ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, January 16th. Finally, UBS Group reissued a “neutral” rating on shares of ON Semiconductor in a research report on Monday, February 2nd. Twelve equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ON Semiconductor has an average rating of “Hold” and an average target price of $64.19.

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.