Knights of Columbus Asset Advisors LLC Purchases 11,151 Shares of ON Semiconductor Corporation $ON

Knights of Columbus Asset Advisors LLC raised its position in shares of ON Semiconductor Corporation (NASDAQ:ON) by 13.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 92,300 shares of the semiconductor company’s stock after acquiring an additional 11,151 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in ON Semiconductor were worth $4,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC boosted its stake in ON Semiconductor by 187.9% in the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock worth $4,863,000 after purchasing an additional 79,206 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of ON Semiconductor by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 507 shares during the last quarter. GC Wealth Management RIA LLC bought a new stake in ON Semiconductor during the 2nd quarter worth about $401,000. HB Wealth Management LLC grew its holdings in ON Semiconductor by 38.8% during the 2nd quarter. HB Wealth Management LLC now owns 10,980 shares of the semiconductor company’s stock worth $575,000 after acquiring an additional 3,071 shares during the last quarter. Finally, Greenleaf Trust bought a new position in shares of ON Semiconductor in the second quarter worth about $284,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting ON Semiconductor

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

• Positive Sentiment: Technical momentum: ON hit an 80-plus relative strength rating, a sign of strong recent outperformance that can attract momentum traders and institutional interest. ON Semiconductor reaches 80-plus relative strength rating benchmark
• Neutral Sentiment: Recent fundamentals: ON beat Q3 estimates and set Q4 guidance (EPS 0.570–0.670). The company trades at a premium (P/E ~80.8) with a market cap near $25B; 50‑day / 200‑day SMAs are ~$56.5 / $53.0 — fundamentals support the business but valuation implies high growth expectations.
• Negative Sentiment: Short-term selling and relative weakness: market reports show ON underperformed competitors today and suffered a larger intraday decline than the broader market, consistent with profit-taking or sector rotation after its run. Monitor the linked summaries for context. ON Semiconductor underperforms competitors Zacks: ON suffers a larger drop than the general market

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ON shares. Morgan Stanley boosted their target price on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. BNP Paribas Exane set a $62.00 price objective on shares of ON Semiconductor and gave the company a “neutral” rating in a report on Thursday, January 22nd. Benchmark reaffirmed a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Cfra reaffirmed a “buy” rating and set a $64.00 target price on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, Stifel Nicolaus increased their price target on ON Semiconductor from $50.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, January 16th. Thirteen research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat.com, ON Semiconductor currently has a consensus rating of “Hold” and a consensus price target of $61.30.

ON Semiconductor Stock Performance

Shares of ON Semiconductor stock opened at $62.20 on Friday. The stock’s fifty day simple moving average is $56.51 and its 200 day simple moving average is $52.96. 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 company has a market capitalization of $25.03 billion, a PE ratio of 80.78, a PEG ratio of 2.82 and a beta of 1.55. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $66.86.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, research analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.

ON Semiconductor declared that its board has initiated a share buyback program on Tuesday, November 18th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 32.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total value of $1,101,000.00. Following the completion of the transaction, the chief financial officer owned 379,448 shares in the company, valued at $20,888,612.40. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

About ON Semiconductor

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.