BlackRock Maintains Significant Stake in ON Semiconductor
Ticker: ON · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1097864
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of ON Semiconductor, showing continued institutional backing.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 25, 2024, reporting its ownership of ON SEMICONDUCTOR CORP common stock as of December 31, 2023. This filing indicates that BlackRock continues to be a significant institutional holder, maintaining its position as a passive investor. For shareholders, this means a major institutional investor remains confident in ON Semiconductor, which can provide a sense of stability and continued institutional interest in the stock.
Why It Matters
This filing confirms BlackRock's continued substantial, passive investment in ON Semiconductor, signaling ongoing institutional confidence in the company.
Risk Assessment
Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and risk.
Analyst Insight
An investor should view this as a confirmation of stable institutional interest, but not necessarily a signal for immediate action, as it reflects a passive holding.
Key Players & Entities
- BlackRock Inc. (company) — reporting person and institutional investor
- ON SEMICONDUCTOR CORP (company) — issuer of the securities
- December 31, 2023 (date) — date of event requiring the filing
- January 25, 2024 (date) — filing date of the SC 13G/A
- 682189105 (number) — CUSIP number for ON Semiconductor common stock
Forward-Looking Statements
- BlackRock will likely maintain its passive investment strategy in ON Semiconductor. (BlackRock Inc.) — high confidence, target: Next 12 months
- ON Semiconductor's stock will continue to benefit from institutional investor confidence. (ON SEMICONDUCTOR CORP) — medium confidence, target: Next 6 months
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major institutional investment manager based at 50 Hudson Yards, New York, NY.
What company's securities are the subject of this filing?
The subject company is ON SEMICONDUCTOR CORP, with its business address at 5701 North Pima Road, Scottsdale, AZ.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding ON SEMICONDUCTOR CORP (ON).