Iridian Asset Management LLC CT Purchases 28,778 Shares of ON Semiconductor Corporation $ON

13 Apr 2026, 10:04 by Kim Johansen · The Markets Daily

Iridian Asset Management LLC CT lifted its position in ON Semiconductor Corporation (NASDAQ:ON – Free Report) by 45.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,632 shares of the semiconductor company’s stock after acquiring an additional 28,778 shares during the quarter. ON Semiconductor accounts for 1.8% of Iridian Asset Management LLC CT’s portfolio, making the stock its 22nd largest position. Iridian Asset Management LLC CT’s holdings in ON Semiconductor were worth $4,962,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ON. Private Trust Co. NA lifted its holdings in shares of ON Semiconductor by 72.8% in the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 220 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of 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 acquiring an additional 215 shares during the last quarter. Quent Capital LLC bought a new stake in shares of ON Semiconductor in the 3rd quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of ON Semiconductor by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 235 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted 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 acquiring an additional 218 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Insider Activity

In other news, CFO Trent Thad sold 60,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 339,460 shares in the company, valued at approximately $24,176,341.20. The trade was a 15.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sudhir Gopalswamy sold 6,114 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the sale, the insider owned 173,943 shares of the company’s stock, valued at approximately $10,205,235.81. This represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 86,114 shares of company stock worth $6,092,308. 0.35% of the stock is currently owned by corporate insiders.

ON Semiconductor Stock Performance

Shares of 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 50-day moving average of $63.99 and a 200 day moving average of $57.19. The firm has a market capitalization of $27.00 billion, a price-to-earnings ratio of 201.92, a PEG ratio of 0.73 and a beta of 1.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98.

ON Semiconductor (NASDAQ:ON – Get Free Report) last announced its quarterly earnings data 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 net margin of 2.02% and a return on equity of 12.22%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business posted $0.95 EPS. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. On average, research analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ON shares. TD Cowen restated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, February 10th. Citigroup raised their target price on shares of ON Semiconductor from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Rosenblatt Securities lifted their price objective on shares of ON Semiconductor from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Weiss Ratings lowered shares of ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, January 30th. Finally, Wells Fargo & Company lifted their price objective on shares of ON Semiconductor from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Twelve equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.19.

View Our Latest Report on ON Semiconductor

Trending Headlines about 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.

About ON Semiconductor

(Free Report)

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.