Oak Thistle LLC Sells 17,942 Shares of ON Semiconductor Corporation $ON

Oak Thistle LLC cut its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 58.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,720 shares of the semiconductor company’s stock after selling 17,942 shares during the quarter. Oak Thistle LLC’s holdings in ON Semiconductor were worth $627,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new position in ON Semiconductor during the second quarter valued at approximately $29,000. Rexford Capital Inc. bought a new stake in shares of ON Semiconductor during the 2nd quarter valued at $31,000. Darwin Wealth Management LLC purchased a new position in shares of ON Semiconductor during the 2nd quarter valued at $32,000. Evelyn Partners Asset Management Ltd bought a new position in ON Semiconductor in the 2nd quarter worth $35,000. Finally, Geneos Wealth Management Inc. increased its stake in ON Semiconductor by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after buying an additional 507 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ON has been the topic of several research analyst reports. Truist Financial boosted their price objective on ON Semiconductor from $51.00 to $57.00 and gave the company a “hold” rating in a research report on Friday. TD Cowen lifted their target price on ON Semiconductor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Benchmark reissued a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Cowen reaffirmed a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $50.00 price objective on shares of ON Semiconductor in a research report on Tuesday, November 4th. Fourteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.35.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total transaction 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 trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by insiders.

ON Semiconductor Stock Performance

NASDAQ ON opened at $55.21 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $67.95. The business has a 50 day simple moving average of $51.14 and a two-hundred day simple moving average of $51.85. The stock has a market capitalization of $22.22 billion, a PE ratio of 71.70, a P/E/G ratio of 2.90 and a beta of 1.57.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data 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. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The company’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. 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 fiscal year.

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

Key Stores Impacting ON Semiconductor

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

• Positive Sentiment: onsemi announced a collaboration with GlobalFoundries to develop next‑generation 650V lateral GaN power devices targeting AI data centers, automotive, aerospace and other high‑growth end markets — a product expansion that can lift ASPs and address high‑margin demand for power ICs. onsemi to Develop Next-Generation GaN Power Devices with GlobalFoundries
• Positive Sentiment: Truist raised its price target on ON (from $51 to $57) and kept a Hold rating — analyst action provides validation for upside vs. prior estimates and can support short‑term buying. Benzinga note on Truist price target
• Neutral Sentiment: Broader market context — U.S. inflation data and rate expectations have been moderating, which generally supports semiconductors via lower discount rates and potential easing of end‑market demand concerns; this is a market tailwind but not company‑specific.
• Negative Sentiment: Earlier weakness and short‑term volatility remain risks: some analysts/news highlighted recent pullbacks in ON’s price and the company’s trailing results show revenue softness year‑over‑year, leaving execution and margin recovery as watch points for investors. Zacks: ON suffered a larger drop than market

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.