Assenagon Asset Management S.A. Buys 1,201,534 Shares of onsemi $ON

Posted by Brenda Bartman on Aug 7th, 2026

Assenagon Asset Management S.A. increased its stake in onsemi (NASDAQ:ON – Free Report) by 74.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,807,808 shares of the semiconductor company’s stock after acquiring an additional 1,201,534 shares during the period. Assenagon Asset Management S.A.’s holdings in onsemi were worth $265,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC lifted its stake in onsemi by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 149 shares during the period. DV Equities LLC purchased a new stake in shares of onsemi in the 4th quarter worth $30,000. Darwin Wealth Management LLC bought a new position in shares of onsemi during the 2nd quarter valued at approximately $32,000. Summit Securities Group LLC increased its holdings in onsemi by 346.3% in the 4th quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 464 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in onsemi during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

onsemi Trading Up 1.8%

Shares of onsemi stock opened at $78.33 on Friday. The stock’s 50 day simple moving average is $101.49 and its 200-day simple moving average is $85.45. The stock has a market cap of $30.49 billion, a P/E ratio of 50.21, a P/E/G ratio of 0.64 and a beta of 2.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 3.14. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92.

onsemi (NASDAQ:ON – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Analysts predict that onsemi will post 3.2 EPS for the current fiscal year.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

Positive Sentiment: onsemi reported second-quarter revenue of $1.60 billion and adjusted earnings of $0.74 per share, exceeding consensus estimates of $1.59 billion and $0.72, respectively. Revenue grew 9.2% year over year, and management guided for third-quarter EPS of $0.81 to $0.93, supporting expectations for continued earnings growth.
Positive Sentiment: Management highlighted accelerating demand tied to AI infrastructure and data centers, including opportunities for power-management and intelligent-sensing products. Analysts also pointed to improving cyclical conditions and AI-related momentum as potential catalysts for the stock. ON Semiconductor rises after solid Q2
Positive Sentiment: Zacks upgraded ON to a Rank #2, or “Buy,” citing improving earnings prospects. ON Semiconductor upgraded to Buy
Neutral Sentiment: Analyst sentiment remains divided. Citigroup reduced its price target to $98 from $120 while maintaining a Neutral rating; TD Cowen kept a Hold rating with a $95 target, and Rosenblatt reaffirmed Neutral. These targets remain above the current trading level but signal limited conviction in a rapid recovery. onsemi receives new Citigroup price target
Negative Sentiment: Analysts continue to flag weakness in onsemi’s automotive and industrial businesses, partially offsetting stronger data-center demand. Several firms, including Needham, Wells Fargo and B. Riley, issued cautious or pessimistic outlooks, reinforcing concerns about the pace and durability of the recovery.

Analyst Ratings Changes

ON has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective on shares of onsemi in a report on Friday, July 31st. UBS Group reissued a “neutral” rating and issued a $95.00 target price on shares of onsemi in a research note on Monday, June 29th. Barclays upped their price target on shares of onsemi from $75.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Wells Fargo & Company cut their target price on shares of onsemi from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Evercore restated an “outperform” rating and set a $137.00 price objective on shares of onsemi in a research note on Friday, June 26th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $100.62.

Get Our Latest Report on ON

About onsemi

(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.

Assenagon Asset Management S.A. Buys 1,201,534 Shares of onsemi $ON

onsemi Trading Up 1.8%

Key Stories Impacting onsemi

Analyst Ratings Changes

About onsemi

Further Reading

You might be interested in: