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

KLP Kapitalforvaltning AS boosted its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,700 shares of the semiconductor company’s stock after buying an additional 10,500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in ON Semiconductor were worth $7,678,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its position in ON Semiconductor by 12.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 206,183 shares of the semiconductor company’s stock valued at $10,167,000 after acquiring an additional 22,025 shares in the last quarter. Signaturefd LLC lifted its stake in shares of ON Semiconductor by 11.7% during the 3rd quarter. Signaturefd LLC now owns 9,018 shares of the semiconductor company’s stock worth $445,000 after purchasing an additional 944 shares during the last quarter. SJS Investment Consulting Inc. bought a new stake in ON Semiconductor during the third quarter valued at about $49,000. Accurate Wealth Management LLC purchased a new position in ON Semiconductor in the third quarter valued at about $402,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in ON Semiconductor by 0.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,889,080 shares of the semiconductor company’s stock worth $284,737,000 after purchasing an additional 53,748 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ON. Robert W. Baird lifted their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $50.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. Benchmark reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. UBS Group raised their price objective on ON Semiconductor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of ON Semiconductor in a research report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.56.

Insider Activity at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction dated Wednesday, December 3rd. The stock was 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. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Key ON Semiconductor News

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 Price Performance

Shares of ON opened at $62.16 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. The company’s fifty day moving average price is $52.72 and its 200-day moving average price is $52.40. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $63.63. The firm has a market capitalization of $25.01 billion, a PE ratio of 80.73, a price-to-earnings-growth ratio of 2.64 and a beta of 1.55.

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

ON Semiconductor announced that its board has approved a stock repurchase plan on Tuesday, November 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 32.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.