105,491 Shares in onsemi $ON Purchased by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. purchased a new stake in onsemi (NASDAQ:ON - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 105,491 shares of the semiconductor company's stock, valued at approximately $9,973,000.

A number of other hedge funds have also added to or reduced their stakes in ON. Twin Capital Management Inc. bought a new position in shares of onsemi during the fourth quarter valued at about $585,000. North Dakota State Investment Board bought a new stake in onsemi in the 4th quarter worth about $784,000. Maxi Investments CY Ltd increased its stake in onsemi by 166.7% in the 4th quarter. Maxi Investments CY Ltd now owns 47,200 shares of the semiconductor company's stock valued at $2,556,000 after buying an additional 29,500 shares during the last quarter. Allstate Corp increased its stake in onsemi by 89.0% in the 4th quarter. Allstate Corp now owns 28,136 shares of the semiconductor company's stock valued at $1,524,000 after buying an additional 13,250 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in shares of onsemi by 103.0% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 89,080 shares of the semiconductor company's stock worth $5,516,000 after buying an additional 45,200 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ON. Evercore reaffirmed an "outperform" rating and issued a $137.00 target price on shares of onsemi in a report on Friday, June 26th. Zacks Research lowered onsemi from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Jefferies Financial Group boosted their price objective on onsemi from $73.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Susquehanna upped their price objective on onsemi from $140.00 to $150.00 and gave the company a "positive" rating in a research note on Thursday, July 9th. Finally, Mizuho decreased their target price on onsemi from $125.00 to $110.00 and set an "outperform" rating for the company in a research report on Tuesday, August 4th. Fifteen 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.04.

onsemi Price Performance

onsemi stock opened at $74.09 on Tuesday. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51. The business's 50 day simple moving average is $86.51 and its 200 day simple moving average is $87.24. The company has a market cap of $28.84 billion, a price-to-earnings ratio of 47.49, a PEG ratio of 0.60 and a beta of 2.03.

onsemi (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The business's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Sell-side analysts forecast that onsemi will post 3.23 EPS for the current year.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: The company’s latest reported quarter remains supportive: onsemi exceeded consensus estimates for earnings and revenue, with EPS of $0.74 versus $0.72 expected and revenue of $1.60 billion versus $1.59 billion expected. Revenue grew 9.2% year over year, and management’s third-quarter 2026 EPS guidance of $0.81–$0.93 indicates continued earnings momentum.
• Neutral Sentiment: Trading data show elevated volatility, with a beta of 2.03. The shares remain below both their 50-day and 200-day moving averages, suggesting that the recent increase may reflect short-term technical trading or broader semiconductor-sector activity rather than a confirmed change in fundamentals.
• Negative Sentiment: No new orders, forecasts, analyst actions, or semiconductor-industry developments involving onsemi were included in the supplied news. Investors therefore lack a specific near-term reason to expect the move to continue.

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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