SCHEDULE: FMR LLC Reports 8.2% Stake in ON Semiconductor

FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, disclosing beneficial ownership of 8.2% of ON Semiconductor's common stock as of September 30, 2026.

Summary

• FMR LLC, along with Abigail P. Johnson, has filed an amended Schedule 13G, reporting beneficial ownership of 31,915,449.72 shares of ON Semiconductor's common stock.
• This holding represents 8.2% of the total outstanding common stock as of the filing date, September 30, 2026.
• The filing indicates that FMR LLC has sole dispositive power over these shares.
• The filing is an amendment, suggesting a continuation or minor adjustment of a previously established ownership position.
• Several entities under FMR LLC, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company BK, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, are identified as holding these securities.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, reflecting a significant but stable institutional ownership stake without immediate indications of aggressive action or significant shifts.

Positives

• Significant institutional ownership by FMR LLC, a major financial services firm, can signal confidence in the company's long-term prospects.
• The filing confirms a substantial, stable investment in ON Semiconductor, which may be viewed positively by the market.
• The reporting entities are classified as investment advisers (IA) and banks (BK), indicating a professional and strategic approach to investment.

Negatives

• The filing does not provide specific reasons for the ownership level or any strategic intent beyond standard investment practices.
• The amendment nature of the filing suggests this is an update to an existing position rather than a new, aggressive accumulation.

Risks

• While not explicitly stated as a risk in this filing, significant institutional ownership can sometimes lead to increased pressure on management for short-term performance.
• Changes in FMR LLC's investment strategy or market conditions could lead to future sales of ON Semiconductor stock, potentially impacting its price.

Future Outlook

This filing is an update to a Schedule 13G and does not contain specific forward-looking statements or guidance from ON Semiconductor itself. The future outlook is based on the continued significant investment by FMR LLC.

Management Comments

• Stephanie J. Brown, Duly authorized under Power of Attorney, signed on behalf of FMR LLC and Abigail P. Johnson.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Industry Context

StockSavvy.ai notes that significant institutional ownership in the semiconductor industry, particularly in a company like ON Semiconductor which is critical to various technology supply chains, often reflects strategic long-term investment rather than short-term trading.

Comparison to Industry Standards

• FMR LLC's 8.2% stake is a substantial holding for an institutional investor in the semiconductor sector. Many large-cap semiconductor companies see institutional ownership ranging from 60% to 90% in aggregate.
• While specific comparable companies are not detailed in this filing, typical large institutional holders in the semiconductor space include Vanguard, BlackRock, and other asset managers who often hold similar or larger percentages across multiple companies.
• The filing does not provide enough detail to compare specific investment strategies or returns against industry benchmarks for FMR LLC's performance with ON Semiconductor.

Stakeholder Impact

• Shareholders: The continued significant investment by FMR LLC may provide a degree of stability and confidence in the stock.
• Management: The substantial ownership by a major financial institution may lead to increased scrutiny and expectations for performance.
• Creditors/Suppliers: No direct impact indicated by this filing.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their beneficial ownership of ON Semiconductor shares.
• Future amendments to this Schedule 13G will be filed if there are material changes in beneficial ownership.

Key Dates

Keywords

ON Semiconductor, FMR LLC, Abigail P. Johnson, Schedule 13G, Institutional Ownership, Common Stock, Semiconductor Industry, Investment Holding