Illinois Municipal Retirement Fund Raises Stake in ON Semiconductor Corporation $ON

Illinois Municipal Retirement Fund lifted its stake in ON Semiconductor Corporation (NASDAQ:ON) by 244.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,262 shares of the semiconductor company’s stock after purchasing an additional 73,270 shares during the period. Illinois Municipal Retirement Fund’s holdings in ON Semiconductor were worth $5,092,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its stake in ON Semiconductor by 72.8% in the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 220 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of ON Semiconductor by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 218 shares during the period. Quent Capital LLC purchased a new stake in shares of ON Semiconductor in the third quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in ON Semiconductor by 68.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 235 shares in the last quarter. Finally, Rexford Capital Inc. purchased a new position in ON Semiconductor during the 2nd quarter worth $31,000. Institutional investors own 97.70% of the company’s stock.

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the sale, the chief executive officer directly owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. This trade represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Trent Thad sold 60,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $71.22, for a total value of $4,273,200.00. Following the completion of the sale, the chief financial officer directly owned 339,460 shares of the company’s stock, valued at approximately $24,176,341.20. This represents a 15.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 100,000 shares of company stock valued at $6,834,600 in the last three months. Insiders own 0.31% of the company’s stock.

More ON Semiconductor News

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

• Positive Sentiment: Q4 results beat EPS expectations, management highlighted record free cash flow and the board authorized an incremental $6.0B repurchase program — a structural support for the share price and a likely driver of momentum buying. Onsemi Is Near a Breakout—And Free Cash Flow Could Fuel It
• Positive Sentiment: Several analysts raised targets or issued supportive notes after the quarter (JPMorgan, Truist, Rosenblatt among others), which can attract institutional buying and underpin upside. JPMorgan Increases ON Semiconductor Price Target to $70
• Neutral Sentiment: Barclays initiated coverage with an Equal‑weight rating — increases coverage/liquidity but is not a directional endorsement. Barclays initiates ON Semiconductor coverage
• Neutral Sentiment: Analyst views are mixed overall (some raises, some trims) — that produces two‑way flows and makes the stock sensitive to near‑term execution updates. Seeking Alpha: ON Semiconductor – Reiterate Buy Upon Correction
• Negative Sentiment: Insider selling by senior executives this week — CEO Hassane El‑Khoury and CFO Trent Thad sold sizable blocks (20k and 60k shares respectively). Large insider disposals can weigh on sentiment and prompt short‑term selling. ON Semiconductor CEO Hassane El‑Khoury Sells 20,000 Shares
• Negative Sentiment: Top‑line remains pressured: revenue declined year‑over‑year and management flagged execution/market risks — investors will be watching whether revenue recovery accelerates to justify the current premium valuation. Q4 2025 earnings call transcript

ON Semiconductor Stock Up 2.2%

NASDAQ:ON opened at $72.21 on Friday. The company’s 50-day simple moving average is $59.65 and its 200-day simple moving average is $53.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.54 and a current ratio of 4.52. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $73.63. The stock has a market capitalization of $28.45 billion, a P/E ratio of 212.39, a P/E/G ratio of 0.77 and a beta of 1.56.

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

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

Analyst Ratings Changes

Several brokerages have weighed in on ON. Cfra reiterated a “buy” rating and issued a $64.00 target price on shares of ON Semiconductor in a report on Tuesday, November 4th. Robert W. Baird upped their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Citigroup raised their target price on shares of ON Semiconductor from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of ON Semiconductor from $56.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Finally, Needham & Company LLC increased their price objective on shares of ON Semiconductor from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Twelve analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ON Semiconductor has a consensus rating of “Hold” and an average 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.