Nissay Asset Management Corp Japan lifted its position in onsemi (NASDAQ:ON – Free Report) by 26.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,308 shares of the semiconductor company’s stock after buying an additional 39,082 shares during the period. Nissay Asset Management Corp Japan’s holdings in onsemi were worth $17,897,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of onsemi by 187.9% during the 1st quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock valued at $4,863,000 after purchasing an additional 79,206 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of onsemi by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 507 shares in the last quarter. Brown Advisory Inc. acquired a new stake in onsemi during the second quarter valued at approximately $201,000. Cresset Asset Management LLC lifted its stake in onsemi by 24.8% during the second quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock valued at $531,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in onsemi by 108.0% during the second quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock worth $1,659,000 after buying an additional 16,435 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the stock. UBS Group restated a “neutral” rating and issued a $95.00 price target on shares of onsemi in a research report on Monday, June 29th. Evercore reiterated an “outperform” rating and set a $137.00 price objective on shares of onsemi in a research report on Friday, June 26th. Bank of America lifted their target price on onsemi from $115.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Barclays lifted their target price on onsemi from $75.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Stifel Nicolaus upped their target price on onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.04.
onsemi Trading Down 2.9%
onsemi stock opened at $72.61 on Friday. The company has a 50 day moving average price of $87.66 and a 200 day moving average price of $87.04. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. The firm has a market capitalization of $28.27 billion, a price-to-earnings ratio of 46.55, a P/E/G ratio of 0.60 and a beta of 2.03.
onsemi (NASDAQ:ON – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Research analysts forecast that onsemi will post 3.23 EPS for the current year.
Key Headlines Impacting onsemi
Here are the key news stories impacting onsemi this week:
- Positive Sentiment: Comparative coverage of onsemi and STMicroelectronics highlights onsemi’s exposure to EV power semiconductors, silicon-carbide momentum, design wins and manufacturing-capacity trends. These areas could support longer-term growth if EV adoption and automotive semiconductor demand improve. STM vs. ON: Which EV Semiconductor Stock Is More Compelling?
- Neutral Sentiment: onsemi presented at the Deutsche Bank 2026 Technology Conference, giving investors an opportunity to assess management’s outlook for automotive demand, EV-related growth, silicon-carbide adoption and capacity utilization. The supplied report does not identify a new earnings revision, major contract or change to formal guidance. ON Semiconductor Corporation Presents at Deutsche Bank 2026 Technology Conference
- Negative Sentiment: The stock’s decline reflects continued investor caution despite onsemi’s latest quarterly beat, including $0.74 in adjusted EPS on $1.60 billion in revenue. Shares remain below both major moving averages, suggesting weak technical momentum and skepticism about the pace of semiconductor-cycle recovery.
- Negative Sentiment: At roughly 46.6 times earnings, onsemi still carries a growth-oriented valuation while facing cyclical automotive and industrial demand risks. Investors may require clearer evidence that EV and silicon-carbide growth can offset near-term softness before assigning the stock a higher multiple.
About onsemi
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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