Resona Asset Management Co. Ltd. Cuts Stock Holdings in onsemi $ON

Posted by George Bondi on May 23rd, 2026

Resona Asset Management Co. Ltd. decreased its position in shares of onsemi (NASDAQ:ON – Free Report) by 8.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 122,006 shares of the semiconductor company’s stock after selling 10,683 shares during the period. Resona Asset Management Co. Ltd.’s holdings in onsemi were worth $6,604,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. North Dakota State Investment Board purchased a new stake in shares of onsemi during the fourth quarter valued at approximately $784,000. May Hill Capital LLC purchased a new stake in onsemi in the fourth quarter worth approximately $212,000. Canada Post Corp Registered Pension Plan boosted its holdings in onsemi by 31.7% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 9,020 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 2,170 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in onsemi in the fourth quarter worth approximately $214,000. Finally, DNB Asset Management AS boosted its holdings in onsemi by 13.7% in the fourth quarter. DNB Asset Management AS now owns 822,902 shares of the semiconductor company’s stock worth $44,560,000 after purchasing an additional 99,214 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

onsemi Stock Up 6.0%

ON opened at $116.20 on Friday. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. onsemi has a 1-year low of $40.62 and a 1-year high of $119.10. The company has a market capitalization of $45.54 billion, a PE ratio of 82.41, a PEG ratio of 0.98 and a beta of 1.94. The firm’s 50 day simple moving average is $82.14 and its two-hundred day simple moving average is $66.46.

onsemi (NASDAQ:ON – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, equities analysts forecast that onsemi will post 3.09 EPS for the current year.

Insider Activity at onsemi

In other onsemi news, CFO Trent Thad sold 30,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the transaction, the chief financial officer directly owned 301,194 shares in the company, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the transaction, the insider owned 173,943 shares in the company, valued at $10,205,235.81. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 66,114 shares of company stock worth $5,548,708 over the last quarter. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ON shares. Robert W. Baird raised their target price on shares of onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of onsemi from a “hold” rating to a “buy” rating in a report on Monday, April 13th. UBS Group restated a “neutral” rating on shares of onsemi in a report on Monday, February 2nd. Susquehanna raised their target price on shares of onsemi from $100.00 to $120.00 and gave the stock a “positive” rating in a report on Tuesday, May 5th. Finally, Bank of America upgraded shares of onsemi from a “neutral” rating to a “buy” rating and raised their target price for the stock from $70.00 to $85.00 in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.19.

Get Our Latest Stock Report on onsemi

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

Positive Sentiment: Recent analyst target hikes and constructive ratings have reinforced confidence in onsemi’s recovery story, especially around power semiconductors and AI/data-center demand. onsemi jumps 5.5% as recent analyst target hikes and upbeat post-earnings tone keep AI/power-semiconductor bid strong
Positive Sentiment: Market commentary says onsemi looks like the clearer AI power-infrastructure play versus smaller peers, with expanding margins and rising data-center revenue supporting the stock. Navitas vs onsemi: Which Stock Wins the AI Power Infrastructure Race?
Neutral Sentiment: Coverage from Yahoo Finance framed ON as a momentum stock that has risen strongly over the past week, reflecting renewed trader interest rather than a new company-specific catalyst. ON Semiconductor Corp. (ON) Is Up 9.60% in One Week: What You Should Know

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.

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Institutional Ownership by Quarter for onsemi (NASDAQ:ON)

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