Schroder Investment Management Group Decreases Position in ON Semiconductor Corporation $ON

Key Points

• Schroder Investment Management cut its stake in ON Semiconductor by 11.4%, selling 106,189 shares and now owning 823,149 shares (~0.20% of the company) worth about $40.96 million.
• ON reported Q4 EPS of $0.64 (vs. $0.62 consensus) but revenue missed at $1.53B (down ~11% YoY), set Q1 guidance of $0.56–$0.66 EPS, and the stock dropped roughly 11.6% after the results.
• The board authorized a $6.0 billion share buyback (up to 32.7% of outstanding shares) even as insiders sold material positions — the CFO sold 60,000 shares and the CEO sold 20,000 shares in February.

Schroder Investment Management Group lessened its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 11.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 823,149 shares of the semiconductor company's stock after selling 106,189 shares during the period. Schroder Investment Management Group owned about 0.20% of ON Semiconductor worth $40,960,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA increased its position in shares of ON Semiconductor by 72.8% during 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 in the last quarter. Quent Capital LLC bought a new position in ON Semiconductor in the 3rd quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in ON Semiconductor by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 235 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in ON Semiconductor by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 218 shares during the last quarter. Finally, Rexford Capital Inc. purchased a new stake in ON Semiconductor during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Key Stories Impacting ON Semiconductor

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

• Positive Sentiment: Q4 EPS slightly beat estimates — ON reported $0.64 a share vs. a $0.62 consensus, which cushions downside by showing margin resilience despite falling sales. This is the main constructive data point from the quarterly release. Zacks: Why Is ON Semiconductor Corp. Down?
• Neutral Sentiment: Leadership change in Power Solutions — ON disclosed a transition involving Simon Keeton (Group President). Management moves can create short-term uncertainty but are not yet described as a strategic pivot; investors will watch replacement timing and messaging on the division’s roadmap. TipRanks: ON Semiconductor leadership transition
• Neutral Sentiment: Sector dynamics: competitors with AI/data-center focused power products (e.g., Navitas) are drawing investor interest — that rotation can divert capital from diversified suppliers like ON or highlight opportunities for ON to push into higher-growth power segments. Monitor product / win announcements and margin mix. Fool: Navitas AI data center platforms
• Negative Sentiment: Analyst caution and price reaction — coverage pieces note ON is down materially since the earnings release (~11.6%) as revenue missed expectations, y/y sales declined (~11% reported), and Q1 guidance (EPS 0.56–0.66) leaves room for downside. High valuation metrics (elevated P/E) make the name sensitive to small execution misses. Expect near-term analyst revisions and volatile trading until clarity on demand and margins returns. Yahoo Finance: Why Is ON Semiconductor Down?

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings cut ON Semiconductor from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, January 30th. Craig Hallum reaffirmed a "hold" rating on shares of ON Semiconductor in a research report on Tuesday, February 10th. Truist Financial lifted their price objective on ON Semiconductor from $57.00 to $66.00 and gave the stock a "hold" rating in a report on Tuesday, February 10th. Wall Street Zen raised ON Semiconductor from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Finally, Rosenblatt Securities upped their target price on shares of ON Semiconductor from $50.00 to $60.00 and gave the company a "neutral" 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $64.19.

Insider Activity

In other news, CFO Trent Thad sold 60,000 shares of the 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 in the company, valued at $24,176,341.20. This represents a 15.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Hassane El-Khoury sold 20,000 shares of the firm'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 completion of the transaction, the chief executive officer directly owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. The trade was a 1.93% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.31% of the company's stock.

ON Semiconductor Price Performance

Shares of ON opened at $59.23 on Thursday. The firm has a fifty day simple moving average of $63.53 and a two-hundred day simple moving average of $55.29. The firm has a market cap of $23.34 billion, a PE ratio of 174.21, a P/E/G ratio of 0.63 and a beta of 1.52. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $73.76.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm 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%.The company's revenue for the quarter was down 11.2% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. On average, equities analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current year.

ON Semiconductor declared that its board has authorized a stock buyback program 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company's management 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.

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