Atlantic Union Bankshares Corp Takes $737,000 Position in ON Semiconductor Corporation $ON

Atlantic Union Bankshares Corp acquired a new stake in shares of ON Semiconductor Corporation (NASDAQ:ON) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,950 shares of the semiconductor company’s stock, valued at approximately $737,000.

A number of other large investors have also made changes to their positions in ON. Norges Bank bought a new position in shares of ON Semiconductor in the 2nd quarter worth approximately $228,835,000. Rafferty Asset Management LLC boosted its stake in shares of ON Semiconductor by 55.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after acquiring an additional 2,072,125 shares during the last quarter. M&G PLC grew its position in shares of ON Semiconductor by 164.2% during the 2nd quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company’s stock valued at $127,873,000 after acquiring an additional 1,528,311 shares during the period. Alliancebernstein L.P. increased its stake in shares of ON Semiconductor by 312.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after purchasing an additional 1,523,866 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in ON Semiconductor by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after purchasing an additional 877,533 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Insider Transactions at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 379,448 shares of the company’s stock, valued at $20,888,612.40. This represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company raised their price objective on ON Semiconductor from $62.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Weiss Ratings lowered shares of ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 30th. Evercore ISI restated an “outperform” rating on shares of ON Semiconductor in a research note on Wednesday, January 7th. TD Cowen reiterated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Finally, UBS Group restated a “neutral” rating on shares of ON Semiconductor in a research report on Monday. Thirteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ON Semiconductor presently has a consensus rating of “Hold” and a consensus price target of $61.30.

ON Semiconductor News Summary

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

• Positive Sentiment: Investor focus on Q4 results — Analysts and investors are parsing Wall Street estimates and metric-level forecasts ahead of ON’s quarterly release; previews (Zacks) have put the company into the spotlight, which often drives short-term buying into the print. Ahead of ON Semiconductor Q4 Earnings (Zacks)
• Positive Sentiment: Technical and volume support — the stock is trading above both its 50‑day ($57.28) and 200‑day ($52.88) moving averages with volume meaningfully above average, signaling momentum buyers are active.
• Neutral Sentiment: Recent track record — ON beat consensus in its last reported quarter (EPS $0.63 vs $0.59; revenue $1.55B vs $1.52B) but revenue was down ~12% year-over-year. Analysts currently model ~2.6 EPS for the fiscal year, so the upcoming print will be judged on both current-quarter beats and updated guidance.
• Negative Sentiment: Valuation and demand risk — ON trades at a rich P/E (~80.6) and faces semiconductor cyclicality; the prior revenue decline underscores exposure to weaker end‑market demand, so any softening in orders, guidance, or margins could trigger a pullback.

ON Semiconductor Stock Up 4.4%

Shares of ON stock opened at $62.06 on Thursday. The company’s fifty day simple moving average is $57.53 and its two-hundred day simple moving average is $52.94. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $66.86. The stock has a market cap of $24.97 billion, a P/E ratio of 80.60, a PEG ratio of 2.58 and a beta of 1.56. The company has a quick ratio of 3.54, a current ratio of 5.23 and a debt-to-equity ratio of 0.43.

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 the consensus estimate of $0.59 by $0.04. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue was down 12.0% compared to the same quarter last year. Analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor declared that its board has approved a stock buyback plan on Tuesday, November 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to reacquire up to 32.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.