QRG Capital Management Inc. Has $1.23 Million Stock Position in ON Semiconductor Corporation $ON

QRG Capital Management Inc. lessened its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 38.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,940 shares of the semiconductor company’s stock after selling 15,716 shares during the period. QRG Capital Management Inc.’s holdings in ON Semiconductor were worth $1,230,000 as of its most recent filing with the SEC.

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

ON Semiconductor Price Performance

ON Semiconductor stock opened at $60.06 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $63.63. The stock has a market capitalization of $24.17 billion, a P/E ratio of 78.00, a price-to-earnings-growth ratio of 2.62 and a beta of 1.55. The stock has a fifty day moving average of $54.27 and a 200-day moving average of $52.65.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The firm had revenue of $1.55 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, sell-side analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of ON Semiconductor from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Williams Trading set a $60.00 price target on ON Semiconductor in a research note on Tuesday, November 4th. Benchmark restated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Wells Fargo & Company upped their target price on ON Semiconductor from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, Stifel Nicolaus increased their target price on ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, January 16th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.74.

Insider Buying and Selling

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total value of $1,101,000.00. Following the sale, the chief financial officer owned 379,448 shares in the company, valued at $20,888,612.40. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by insiders.

ON Semiconductor News Summary

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

• Positive Sentiment: Macro/sector demand pickup — analysts and press are reporting a semiconductor “super cycle” that is lifting expectations for higher chip demand across auto, industrial and data-center markets; that strengthens the outlook for ON’s power, analog and sensor businesses. US chipmakers capitalize on semiconductor ‘super cycle’
• Positive Sentiment: Regional capacity expansion — Viettel’s new semiconductor plant in Hanoi signals further global capacity investment in the semiconductor supply chain; more fabs and assembly activity over time can increase demand for ON’s discrete, analog and power-management components. Viettel breaks ground on semiconductor plant in Hanoi, Vietnam
• Neutral Sentiment: Industry competitive context — comparative pieces on memory and broader semiconductor peers (e.g., Micron and equipment suppliers) provide useful signals on where capital and sentiment are flowing, but they don’t directly change ON’s near-term revenue drivers. Use these to monitor sector rotation and relative valuation trends. Comparative Study: Micron Technology And Industry Competitors
• Negative Sentiment: Company fundamentals remain a headwind — ON reported Q3 revenue down ~12% year-over-year and while it beat EPS on the last print, the company set Q4 2025 EPS guidance of $0.570–$0.670, which is cautious; slowing top-line trends make investors wary even with sector tailwinds. (Company disclosures and recent quarterly commentary)
• Negative Sentiment: Rich valuation and lower intraday liquidity — ON’s P/E (~78) and PEG (~2.6) suggest high expectations are already priced in; midday volume is below average, which can amplify moves lower when sentiment sours or when earnings/guidance disappoints. (Market data and metrics)

About ON Semiconductor

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.