Talos Eurisko Asset Management LP Takes $4.78 Million Position in ON Semiconductor Corporation $ON

Talos Eurisko Asset Management LP purchased a new position in shares of ON Semiconductor Corporation (NASDAQ:ON) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 96,900 shares of the semiconductor company’s stock, valued at approximately $4,778,000. ON Semiconductor makes up approximately 0.9% of Talos Eurisko Asset Management LP’s portfolio, making the stock its 20th biggest position.

Several other hedge funds have also recently bought and sold shares of ON. Private Trust Co. NA raised its holdings in ON Semiconductor by 72.8% during the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 220 shares during the last quarter. Quent Capital LLC purchased a new position in shares of ON Semiconductor in the third quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. raised its stake 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 stake in shares of ON Semiconductor by 62.3% during 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 last quarter. Finally, Rexford Capital Inc. purchased a new stake in shares of ON Semiconductor in the 2nd quarter worth about $31,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ON Semiconductor

In other news, CFO Trent Thad sold 60,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $71.22, for a total transaction 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 represents a 15.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor 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 owned 1,015,610 shares in the company, valued at $74,159,842.20. The trade was a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is owned by insiders.

ON Semiconductor News Summary

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

• Positive Sentiment: Q4 EPS beat and clear near‑term guidance — ON reported $0.64 EPS versus ~$0.62 consensus and gave Q1 FY2026 EPS guidance (0.560–0.660), which supports the thesis that margins remain resilient even as revenue moderates. Read More.
• Neutral Sentiment: Management surfaced at the Morgan Stanley Technology, Media & Telecom conference — the presentation/transcript increases transparency and can help reduce uncertainty, but it didn’t supply a major new catalyst or a material change to guidance. Investors may use the transcript to refine their models. Read More.
• Negative Sentiment: Top‑line weakness, modest revenue miss and stretched valuation leave the stock vulnerable to profit‑taking — quarterly revenue slipped ~11% YoY to $1.53B (versus ~$1.54B consensus), and the company’s P/E and recent run toward its 52‑week high may have amplified downside as traders reprice growth expectations. Read More.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ON. Barclays began coverage on shares of ON Semiconductor in a report on Thursday, February 12th. They set an “equal weight” rating and a $75.00 target price for the company. Evercore reiterated an “outperform” rating on shares of ON Semiconductor in a research report on Wednesday, January 7th. Craig Hallum reissued a “hold” rating on shares of ON Semiconductor in a research note on Tuesday, February 10th. BNP Paribas Exane upgraded ON Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, TD Cowen reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, February 10th. Twelve investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $64.19.

ON Semiconductor Price Performance

ON stock opened at $62.53 on Thursday. The stock has a market capitalization of $24.64 billion, a price-to-earnings ratio of 183.92, a price-to-earnings-growth ratio of 0.67 and a beta of 1.52. The stock’s fifty day simple moving average is $63.07 and its 200-day simple moving average is $54.98. ON Semiconductor Corporation has a 52-week low of $31.04 and a 52-week high of $73.76. The company has a quick ratio of 2.98, a current ratio of 4.52 and a debt-to-equity ratio of 0.39.

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

ON Semiconductor announced that its board has initiated a stock repurchase program on Tuesday, November 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 32.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.