Baillie Gifford & Co. Sells 339,086 Shares of ON Semiconductor Corporation $ON

Key Points

• Baillie Gifford cut its stake in ON Semiconductor by 6.7% in Q4, selling 339,086 shares and now owning 4,725,516 shares (about 1.17% of the company) valued at roughly $255.9 million.
• Insider selling accelerated last quarter with 86,114 shares sold (including CFO Trent Thad's 60,000‑share sale at $71.22 and Sudhir Gopalswamy's 6,114‑share sale at $58.67), leaving insiders with just 0.35% ownership.
• Analysts and fundamentals: firms have modestly raised targets but the consensus rating is "Hold" with an average target of $64.19; revenue was down 11.2% year‑over‑year and the stock trades at a high PE (~201.9), creating valuation risk ahead of upcoming earnings.

Baillie Gifford & Co. reduced its stake in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,725,516 shares of the semiconductor company's stock after selling 339,086 shares during the period. Baillie Gifford & Co. owned about 1.17% of ON Semiconductor worth $255,887,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Cromwell Holdings LLC lifted its position in shares of ON Semiconductor by 17.4% during the fourth quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company's stock valued at $71,000 after purchasing an additional 194 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of ON Semiconductor by 4.9% during the third quarter. Versant Capital Management Inc now owns 4,264 shares of the semiconductor company's stock worth $210,000 after purchasing an additional 201 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of ON Semiconductor by 4.1% during the third quarter. UMB Bank n.a. now owns 5,334 shares of the semiconductor company's stock worth $263,000 after purchasing an additional 211 shares in the last quarter. NorthCrest Asset Manangement LLC grew its holdings in shares of ON Semiconductor by 1.9% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 11,475 shares of the semiconductor company's stock worth $673,000 after purchasing an additional 212 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in ON Semiconductor by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company's stock worth $26,000 after buying an additional 215 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Sudhir Gopalswamy sold 6,114 shares of ON Semiconductor stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the completion of the transaction, the insider owned 173,943 shares in the company, valued at approximately $10,205,235.81. The trade was a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Trent Thad sold 60,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the completion of the sale, the chief financial officer directly owned 339,460 shares in the company, valued at $24,176,341.20. This trade represents a 15.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 86,114 shares of company stock valued at $6,092,308 in the last quarter. 0.35% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on ON. Citigroup boosted their target price on ON Semiconductor from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 10th. B. Riley Financial upped their target price on ON Semiconductor from $54.00 to $58.00 and gave the company a "neutral" rating in a report on Tuesday, January 20th. Needham & Company LLC increased their price target on shares of ON Semiconductor from $68.00 to $72.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Rosenblatt Securities increased their price target on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 10th. Finally, Stifel Nicolaus increased their price objective on ON Semiconductor from $50.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, January 16th. Twelve investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $64.19.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: Broad semiconductor rally lifts peers including onsemi — chip stocks jumped after news of geopolitical de‑escalation and a wider risk‑on move, which helped push ON higher as investors rotated back into semiconductors. onsemi, Seagate, Impinj, and Amtech Shares Are Soaring
• Positive Sentiment: Upcoming earnings act as a near-term catalyst — previews from market outlets note analysts expect stronger bottom‑line results for the quarter (double‑digit EPS growth anticipated), so some investors are positioning ahead of the report in hopes of an upside surprise or bullish guidance. Earnings Preview: What to Expect From ON Semiconductor's Report
• Positive Sentiment: Edge‑AI / infrastructure narrative supports demand visibility — coverage that lists ON among relevant edge‑AI names reinforces the company’s exposure to power management, sensing and custom ICs used in AI/edge and automotive applications, a positive thematic driver for long‑term demand. 3 Edge AI Stocks to Watch as the Next Wave of AI Demand Builds (ON)
• Neutral Sentiment: Increased media and analyst attention — Zacks and other outlets flag that ON is attracting more views from retail and institutional investors, which can raise short‑term volume and volatility but doesn’t guarantee direction. ON Semiconductor Corporation (ON) is Attracting Investor Attention
• Negative Sentiment: Fundamentals / valuation risks to monitor — recent reported revenue was down year‑over‑year and ON trades at a rich P/E, so the stock is vulnerable if the company issues cautious guidance or revenue misses. Investors should watch the upcoming earnings release and management commentary closely. Article reference: Zacks and company filings discussed above.

ON Semiconductor Price Performance

Shares of NASDAQ:ON opened at $68.65 on Monday. ON Semiconductor Corporation has a 1-year low of $32.10 and a 1-year high of $73.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98. The business has a fifty day moving average price of $63.99 and a 200-day moving average price of $57.19. The company has a market capitalization of $27.00 billion, a PE ratio of 201.92, a PEG ratio of 0.73 and a beta of 1.53.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the company earned $0.95 earnings per share. The company's revenue was down 11.2% on a year-over-year basis. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. As a group, equities analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

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.

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