onsemi $ON Stock: M&G PLC Lowers Position

Posted by Geri Gentry on Nov 10th, 2026

M&G PLC trimmed its position in onsemi (NASDAQ:ON – Free Report) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,867,090 shares of the semiconductor company’s stock after selling 43,401 shares during the period. M&G PLC’s holdings in onsemi were worth $143,766,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Engineers Gate Manager LP increased its stake in shares of onsemi by 570.3% during the second quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company’s stock worth $28,776,000 after acquiring an additional 258,968 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in shares of onsemi during the 3rd quarter worth $635,000. Counterpoint Mutual Funds LLC acquired a new position in shares of onsemi during the 3rd quarter worth $10,637,000. Iridian Asset Management LLC CT grew its stake in shares of onsemi by 20.8% during the 3rd quarter. Iridian Asset Management LLC CT now owns 88,134 shares of the semiconductor company’s stock worth $6,775,000 after purchasing an additional 15,155 shares during the period. Finally, Baird Financial Group Inc. purchased a new position in onsemi in the second quarter valued at about $680,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on ON. TD Cowen restated a “hold” rating and issued a $75.00 price target on shares of onsemi in a report on Tuesday, November 3rd. Seaport Research Partners began coverage on onsemi in a report on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 price target for the company. Evercore dropped their target price on onsemi from $137.00 to $90.00 in a report on Monday, November 2nd. DA Davidson set a $110.00 target price on shares of onsemi in a research report on Tuesday, November 3rd. Finally, Rosenblatt Securities decreased their price objective on shares of onsemi from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, onsemi presently has a consensus rating of “Moderate Buy” and an average price target of $95.03.

Get Our Latest Analysis on onsemi

onsemi Trading Up 9.2%

Shares of ON stock opened at $69.11 on Tuesday. The stock has a 50-day simple moving average of $74.15 and a 200 day simple moving average of $82.19. The stock has a market capitalization of $26.90 billion, a P/E ratio of 40.18, a P/E/G ratio of 0.57 and a beta of 2.11. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92. The company has a quick ratio of 2.49, a current ratio of 3.55 and a debt-to-equity ratio of 0.49.

onsemi (NASDAQ:ON – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. onsemi had a net margin of 10.82% and a return on equity of 15.53%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business earned $0.63 earnings per share. onsemi’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, sell-side analysts expect that onsemi will post 3.27 earnings per share for the current fiscal year.

More onsemi News

Here are the key news stories impacting onsemi this week:

Positive Sentiment: onsemi was among semiconductor names reported to have rallied, providing a sector-wide tailwind for the stock. The article does not specify a company-specific catalyst for the move. Article: Semiconductor and technology shares rally
Neutral Sentiment: Vadzo Imaging announced camera products using onsemi image sensors, including a 4K camera with the AR1335 sensor and UAV and GigE/Wi-Fi cameras featuring other onsemi sensors. These applications may highlight product adoption, but the announcements disclose no sales, orders, or financial contribution. Article: Vadzo launches camera using onsemi sensor

Insider Activity

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total value of $1,246,240.00. Following the sale, the insider directly owned 158,177 shares in the company, valued at $12,654,160. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by corporate insiders.

onsemi Profile

(Free Report)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.