Sumitomo Mitsui Trust Group Inc. Reduces Stake in ON Semiconductor Corporation $ON

Key Points

• Sumitomo Mitsui Trust Group reduced its stake in ON Semiconductor by 11.9% in Q4, selling 125,906 shares and holding 931,979 shares worth about $50.47 million after the transaction.
• Mixed fundamentals: ON reported a Q4 EPS beat of $0.64 and issued Q1 guidance of $0.560–$0.660, but revenue fell ~11.2% year‑over‑year and the trailing P/E is elevated (~213), underscoring demand softness and valuation risk.
• Insider selling and heavy institutional ownership: CFO and CEO sold 60,000 and 20,000 shares respectively (86,114 shares sold by insiders in the past 90 days), while institutional investors own roughly 97.7% of the stock.

Sumitomo Mitsui Trust Group Inc. reduced its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 11.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 931,979 shares of the semiconductor company's stock after selling 125,906 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of ON Semiconductor worth $50,467,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ON. AQR Capital Management LLC increased its position in ON Semiconductor by 187.9% during the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company's stock worth $4,863,000 after buying an additional 79,206 shares in the last quarter. Geneos Wealth Management Inc. increased its position in ON Semiconductor by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company's stock worth $54,000 after buying an additional 507 shares in the last quarter. Brown Advisory Inc. purchased a new position in ON Semiconductor during the second quarter worth $201,000. Cresset Asset Management LLC increased its position in ON Semiconductor by 24.8% during the second quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company's stock worth $531,000 after buying an additional 2,016 shares in the last quarter. Finally, Cerity Partners LLC increased its position in ON Semiconductor by 108.0% during the second quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company's stock worth $1,659,000 after buying an additional 16,435 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Key ON Semiconductor News

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

• Positive Sentiment: Bank of America upgraded ON to a Buy, which supports near-term demand for shares and likely helped today's upside. Bank of America Upgrades ON Semiconductor to Buy
• Positive Sentiment: Quarterly EPS beat — ON reported $0.64 EPS (vs. ~$0.62 consensus) and issued Q1 2026 EPS guidance of $0.560–$0.660, giving investors a clearer near-term earnings range to model. (Company results and guidance underlie recent investor interest.) ON Semiconductor profile and results
• Neutral Sentiment: Technicals / momentum: ON is trading near its 1‑year high and above its 50- and 200‑day moving averages, attracting momentum traders but increasing the potential for short‑term profit‑taking. ON Semiconductor technical snapshot
• Negative Sentiment: Revenue weakness: quarterly revenue fell ~11.2% year‑over‑year and missed the consensus by a small amount — a reminder that demand softness persists in parts of the semiconductor end‑market. Q4 results and revenue details
• Negative Sentiment: Valuation risk: trailing P/E is elevated (reported ~213), which increases sensitivity to any earnings misses or weaker forward guidance; investors should weigh growth assumptions embedded in the stock. ON valuation metrics

Analyst Upgrades and Downgrades

Several research firms have weighed in on ON. Craig Hallum reissued a "hold" rating on shares of ON Semiconductor in a research report on Tuesday, February 10th. Wells Fargo & Company raised their price target on ON Semiconductor from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 10th. Cantor Fitzgerald reissued a "neutral" rating and set a $60.00 price target on shares of ON Semiconductor in a research report on Tuesday, February 10th. BNP Paribas Exane raised ON Semiconductor from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ON Semiconductor in a report on Tuesday, February 10th. Thirteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $64.96.

Insider Activity at ON Semiconductor

In related news, CFO Trent Thad sold 60,000 shares of ON Semiconductor stock in a transaction on Thursday, February 12th. The stock was 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 approximately $24,176,341.20. This trade represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of the business's stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the transaction, the chief executive officer owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. This represents a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 86,114 shares of company stock worth $6,092,308. 0.35% of the stock is owned by insiders.

ON Semiconductor Price Performance

Shares of ON Semiconductor stock opened at $72.43 on Thursday. ON Semiconductor Corporation has a twelve month low of $32.85 and a twelve month high of $73.76. The stock has a market capitalization of $28.49 billion, a P/E ratio of 213.04, a PEG ratio of 0.73 and a beta of 1.53. 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 business's fifty day moving average price is $64.64 and its 200 day moving average price is $57.60.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm's revenue for the quarter was down 11.2% compared to the same quarter last year. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. As a group, research analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

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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