SCHEDULE 13G: State Street Corporation Discloses 5.1% Passive Stake in ON Semiconductor Corp

State Street Corporation has filed a Schedule 13G, revealing a 5.1% beneficial ownership stake in ON Semiconductor Corp as of March 31, 2025.

Summary

• State Street Corporation, a Massachusetts-based parent holding company, has reported beneficial ownership of 21,323,141 shares of ON Semiconductor Corp's common stock.
• This ownership represents 5.1% of ON Semiconductor Corp's outstanding common stock.
• State Street Corporation holds shared voting power over 13,929,897 shares and shared dispositive power over 21,309,351 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• The beneficial ownership is held through various subsidiaries, including SSGA Funds Management, Inc., State Street Bank and Trust Company, and several State Street Global Advisors entities across different regions.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. The presence of a large institutional investor can be seen as a positive signal, but the filing itself does not convey explicit positive or negative sentiment about the company's performance.

Positives

• The disclosure of a significant 5.1% stake by a major institutional investor like State Street Corporation can signal confidence in ON Semiconductor Corp's long-term prospects.
• Increased institutional ownership can enhance the company's visibility and liquidity in the market.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding ON Semiconductor Corp's future performance or State Street Corporation's investment strategy beyond the passive nature of the stake.

Industry Context

This filing reflects a standard institutional investment disclosure. Large asset managers like State Street frequently hold significant, passive stakes in publicly traded companies across various industries, including the semiconductor sector. Such filings provide transparency into major ownership positions but do not typically indicate strategic shifts or operational changes within the investee company.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, potentially increasing confidence and market liquidity.
• Investment Professionals: Offers insight into institutional ownership trends and major holders of ON Semiconductor Corp stock.

Key Dates

Keywords

ON Semiconductor Corp, State Street Corporation, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Semiconductor Industry, Passive Investment, SEC Filing