Jefferies Financial Group Inc. Sells 371,638 Shares of ON Semiconductor Corporation $ON

Key Points

• Jefferies Financial Group cut its stake in ON Semiconductor by 94.1% in Q3, selling 371,638 shares and leaving it with 23,358 shares worth about $1.15 million.
• ON Semiconductor beat Q4 EPS slightly ($0.64 vs. $0.62) but revenue was down about 11.2% YoY; management guided Q1 FY2026 EPS to $0.560–0.660 and the stock has fallen amid demand concerns and a leadership exit in the Power Solutions group.
• The board approved a $6 billion share buyback (up to ~32.7% of shares) while insiders—including the CEO and CFO—recently sold stock, presenting mixed signals to investors.

Jefferies Financial Group Inc. lowered its stake in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 94.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,358 shares of the semiconductor company's stock after selling 371,638 shares during the quarter. Jefferies Financial Group Inc.'s holdings in ON Semiconductor were worth $1,152,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ON. Private Trust Co. NA increased its stake in ON Semiconductor by 72.8% in the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 220 shares during the last quarter. Quent Capital LLC purchased a new stake in ON Semiconductor during the third quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in ON Semiconductor by 68.7% during 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 during the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of ON Semiconductor by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 218 shares in the last quarter. Finally, Rexford Capital Inc. purchased a new position in shares of ON Semiconductor in the 2nd quarter worth about $31,000. 97.70% of the stock is owned by institutional investors.

ON Semiconductor News Summary

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

• Positive Sentiment: Q4 EPS beat estimates (reported $0.64 vs. $0.62 consensus) and management provided a Q1 2026 EPS guide range (0.560–0.660), which helps limit downside from the print. Here's Why ON Semiconductor Corp. (ON) Fell More Than Broader Market
• Positive Sentiment: Balance-sheet strength and liquidity metrics are favorable (high quick/current ratios and modest leverage), which reduces short-term financial risk and supports stability through a cyclic semiconductor cycle.
• Neutral Sentiment: Analyst coverage remains mixed-to-positive — some firms are constructive on the long-term story while others are cautious on near-term demand; that keeps volatility likely but provides a base of buy-side interest. Is ON Semiconductor Stock Outperforming the Dow?
• Negative Sentiment: Leadership change in the Power Solutions group: Group President Simon Keeton resigned from officer roles and will transition out by June 30, raising near-term execution and continuity concerns for a key growth division (power and automotive). ON Semiconductor Announces Leadership Transition in Power Solutions
• Negative Sentiment: Revenue weakness: quarterly revenue declined year-over-year (roughly an 11% drop), which alongside the earnings reaction has pressured the stock since the release. Why Is ON Semiconductor Corp. (ON) Down 11.6% Since Last Earnings Report?
• Negative Sentiment: Market reaction: commentators note the stock has traded down materially since the earnings release, amplifying intraday downside as investors reprice growth expectations and near-term demand risks. Here's Why ON Semiconductor Corp. (ON) Fell More Than Broader Market

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on ON Semiconductor from $56.00 to $70.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. Mizuho cut their target price on ON Semiconductor from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Tuesday, February 10th. Wells Fargo & Company increased their price target on shares of ON Semiconductor from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Tuesday, February 10th. KeyCorp lifted their price target on shares of ON Semiconductor from $65.00 to $75.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 10th. Finally, Needham & Company LLC upped 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 investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $64.19.

ON Semiconductor Stock Performance

ON Semiconductor stock opened at $57.69 on Friday. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. The firm has a market cap of $22.73 billion, a P/E ratio of 169.68, a P/E/G ratio of 0.63 and a beta of 1.52. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $73.76. The firm has a 50-day moving average of $63.60 and a 200-day moving average of $55.31.

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

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

Insider Activity at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the transaction, the chief executive officer directly owned 1,015,610 shares of the company's stock, valued at approximately $74,159,842.20. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Trent Thad sold 60,000 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $71.22, for a total value of $4,273,200.00. Following the transaction, the chief financial officer 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. The SEC filing for this sale provides additional information. 0.31% of the stock is currently owned by insiders.

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.

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