Mizuho Markets Cayman LP Cuts Stock Holdings in ON Semiconductor Corporation $ON

Mizuho Markets Cayman LP reduced its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 94.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,257 shares of the semiconductor company’s stock after selling 142,550 shares during the quarter. Mizuho Markets Cayman LP’s holdings in ON Semiconductor were worth $407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ON. Private Trust Co. NA grew its position in ON Semiconductor by 72.8% during the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 220 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in ON Semiconductor by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 218 shares during the last quarter. Quent Capital LLC bought a new stake in ON Semiconductor in the third quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of ON Semiconductor by 68.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 235 shares during the period. Finally, Rexford Capital Inc. bought a new position in shares of ON Semiconductor in the second quarter worth approximately $31,000. Institutional investors own 97.70% of the company’s stock.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: Board-authorized buyback: ON has an active share repurchase authorization (up to $6.0 billion), which reduces float and supports EPS — a clear structural positive that can underpin the stock on dips. MarketBeat ON profile & recent results
• Neutral Sentiment: Recent results and guidance: ON reported $0.64 EPS (beat consensus by ~$0.02) and revenue roughly in line with expectations, with revenue down ~11% YoY. Management set Q1 FY2026 EPS guidance of $0.560–$0.660 — a near-term fundamental anchor that gives analysts and models a concrete guide for the quarter. That beat plus guidance helps explain constructive investor reaction despite mixed top-line trends. MarketBeat ON profile & recent results
• Negative Sentiment: Insider sale disclosed: Sudhir Gopalswamy sold 6,114 shares on Mar 13 at an average price of $58.67 (SEC filing). The sale is modest in size but is being read by some traders as a mild negative signal on insider conviction near-term. SEC filing for insider sale
• Negative Sentiment: Analyst sentiment: Wall Street Zen recently lowered ON to a “Hold.” Downgrades can reduce momentum-driven buying and weigh on sentiment even if fundamentals remain intact. American Banking News: Rating lowered to Hold

ON Semiconductor Stock Performance

NASDAQ:ON opened at $59.88 on Tuesday. The company has a quick ratio of 2.98, a current ratio of 4.52 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $63.67 and its 200 day simple moving average is $55.49. The stock has a market cap of $23.59 billion, a P/E ratio of 176.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.52. ON Semiconductor Corporation has a twelve month low of $31.04 and a twelve month high of $73.76.

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

ON Semiconductor announced that its Board of Directors has authorized a stock buyback program on Tuesday, November 18th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase 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 shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ON shares. TD Cowen reaffirmed a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, February 10th. Evercore reissued an “outperform” rating on shares of ON Semiconductor in a report on Wednesday, January 7th. Barclays assumed coverage on shares of ON Semiconductor in a research report on Thursday, February 12th. They issued an “equal weight” rating and a $75.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, February 10th. Finally, Truist Financial increased their target price on shares of ON Semiconductor from $57.00 to $66.00 and gave the stock a “hold” rating in a report on Tuesday, February 10th. Twelve research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ON Semiconductor has a consensus rating of “Hold” and a consensus target price of $64.19.

Insiders Place Their Bets

In other ON Semiconductor news, CFO Trent Thad sold 60,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were 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 filing with the SEC, which is available at this link. Also, insider Sudhir Gopalswamy sold 6,114 shares of ON Semiconductor 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 sale, the insider directly owned 173,943 shares in the company, valued at approximately $10,205,235.81. The trade was a 3.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 86,114 shares of company stock worth $6,092,308 over the last three months. Company insiders own 0.31% of the company’s stock.

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.