Rafferty Asset Management LLC Cuts Holdings in ON Semiconductor Corporation $ON

Rafferty Asset Management LLC reduced its position in ON Semiconductor Corporation (NASDAQ:ON) by 34.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,815,754 shares of the semiconductor company’s stock after selling 2,021,748 shares during the period. Rafferty Asset Management LLC’s holdings in ON Semiconductor were worth $188,155,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in ON Semiconductor by 187.9% in the 1st quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock worth $4,863,000 after acquiring an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. grew 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 purchasing an additional 507 shares in the last quarter. AlphaQuest LLC raised its stake in ON Semiconductor by 47.1% during the second quarter. AlphaQuest LLC now owns 4,464 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 1,429 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of ON Semiconductor by 93.2% during the 2nd quarter. Wealthfront Advisers LLC now owns 28,053 shares of the semiconductor company’s stock valued at $1,470,000 after buying an additional 13,534 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in ON Semiconductor by 84.7% during the second quarter. Bessemer Group Inc. now owns 20,782 shares of the semiconductor company’s stock valued at $1,089,000 after purchasing an additional 9,528 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the sale, the chief executive officer owned 1,015,610 shares of the company’s stock, valued at $74,159,842.20. This trade 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 is available through this link. Also, CFO Trent Thad sold 60,000 shares of ON Semiconductor 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 transaction, the chief financial officer owned 339,460 shares in the company, valued at $24,176,341.20. This trade represents a 15.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,000 shares of company stock valued at $6,834,600 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

More ON Semiconductor News

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).

ON Semiconductor Trading Down 2.5%

ON opened at $66.48 on Friday. 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 stock’s fifty day moving average is $62.56 and its two-hundred day moving average is $54.68. The company has a market capitalization of $26.19 billion, a P/E ratio of 195.54, a PEG ratio of 0.72 and a beta of 1.56. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $73.76.

ON Semiconductor (NASDAQ:ON) last announced its quarterly 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 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 revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

ON Semiconductor declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 18th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 32.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Robert W. Baird increased their price target on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. KeyCorp boosted their price objective on shares of ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Cantor Fitzgerald reissued a “neutral” rating and issued a $60.00 price objective on shares of ON Semiconductor in a research report on Tuesday, February 10th. JPMorgan Chase & Co. boosted their price objective on ON Semiconductor from $56.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Finally, Mizuho cut their price objective on ON Semiconductor from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 10th. Twelve analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.19.

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.