KLP Kapitalforvaltning AS Raises Stock Position in ON Semiconductor Corporation $ON

KLP Kapitalforvaltning AS boosted its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 7.2% in the third quarter, HoldingsChannel reports. The firm owned 155,700 shares of the semiconductor company’s stock after buying an additional 10,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in ON Semiconductor were worth $7,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in ON Semiconductor during the second quarter worth about $228,835,000. State of Alaska Department of Revenue grew its stake in shares of ON Semiconductor by 39.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock worth $7,328,000 after purchasing an additional 39,530 shares during the period. Polianta Ltd purchased a new position in shares of ON Semiconductor during the 3rd quarter valued at approximately $1,420,000. Merit Financial Group LLC lifted its stake in shares of ON Semiconductor by 75.2% in the 3rd quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company’s stock valued at $2,552,000 after purchasing an additional 22,211 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in ON Semiconductor by 7.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock worth $42,892,000 after buying an additional 60,050 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ON has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, December 16th. Cfra restated a “buy” rating and issued a $64.00 price target on shares of ON Semiconductor in a research note on Tuesday, November 4th. Cowen reiterated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Williams Trading set a $60.00 price objective on ON Semiconductor in a report on Tuesday, November 4th. Finally, Truist Financial upped their target price on ON Semiconductor from $51.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. Fifteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, ON Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.56.

ON Semiconductor Trading Up 2.1%

ON stock opened at $62.16 on Friday. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $63.63. The business’s 50-day moving average is $52.72 and its 200 day moving average is $52.40. 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 stock has a market cap of $25.01 billion, a price-to-earnings ratio of 80.73, a PEG ratio of 2.64 and a beta of 1.55.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The business’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, sell-side analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

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

Insider Transactions at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of the company’s 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 sale, the chief financial officer owned 379,448 shares of the company’s stock, 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 this hyperlink. 0.31% of the stock is currently owned by company insiders.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: Management expanded the share buyback program, signaling confidence and reducing effective float — a direct support to the share price and EPS. This item is a primary driver cited by market headlines. ON Semiconductor (ON) Is Up 12.4% After Expanding Buybacks And Advancing EU Power‑Chip Capacity – What’s Changed
• Positive Sentiment: Company update on advancing EU power‑chip capacity (localized power/automotive chip production) improves long‑term supply positioning and ties into strong demand in EV/industrial end markets — a strategic growth signal. ON Semiconductor (ON) Is Up 12.4% After Expanding Buybacks And Advancing EU Power‑Chip Capacity – What’s Changed
• Positive Sentiment: Recent fundamentals: ON beat consensus in its most recent quarter and set Q4 FY2025 guidance (EPS 0.57–0.67), providing an earnings backdrop that supports the buyback/news reaction.
• Neutral Sentiment: Technical momentum: coverage noted ON reached an 80‑plus relative strength rating, which can attract momentum/quant flows but isn’t a fundamental catalyst on its own. ON Semiconductor reaches 80‑plus relative strength rating benchmark
• Neutral Sentiment: Sector tailwinds: reports of expanded semiconductor investment and workforce support (South Korea growth push; Texas semiconductor training grants) are healthy for the industry but are broad‑based and not unique to ON. South Korea targets 2% growth on semiconductor boom Gov. Abbott Awards $3.5M Grant To TSTC For Semiconductor Workforce Training
• Negative Sentiment: Valuation and execution risk: ON trades at a high P/E (background P/E ~80x), so positive corporate actions may already be priced in; investors should watch buyback details (size, timing) and capital allocation versus capex for capacity buildouts.

ON Semiconductor 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.