138,377 Shares of onsemi $ON Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds acquired 138,377 onsemi shares worth approximately $10.6 million, making onsemi its 13th-largest holding. Institutional investors collectively own 97.7% of the company.
• Analyst sentiment remains positive but mixed: onsemi carries a “Moderate Buy” consensus rating with an average price target of $95.56, while recent targets range from $90 to $137.
• Shares opened at $72.02, well below their 200-day moving average of $89.66. The company’s latest quarter beat estimates, and management’s third-quarter 2026 EPS guidance is $0.81–$0.93 ahead of results scheduled for November 2, 2026.

Counterpoint Mutual Funds LLC acquired a new stake in shares of onsemi (NASDAQ:ON - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 138,377 shares of the semiconductor company's stock, valued at approximately $10,637,000. onsemi comprises about 0.9% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 13th largest position.

Other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. lifted its position in shares of onsemi by 3,650.4% in the third quarter. TD Waterhouse Canada Inc. now owns 26,740 shares of the semiconductor company's stock worth $2,140,000 after buying an additional 26,027 shares in the last quarter. Michael J. Porro & Co. Financial Advisors Inc. bought a new position in onsemi during the third quarter valued at approximately $321,000. V Square Quantitative Management LLC boosted its stake in onsemi by 75.0% during the third quarter. V Square Quantitative Management LLC now owns 6,807 shares of the semiconductor company's stock valued at $523,000 after buying an additional 2,917 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in onsemi by 7.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,026,628 shares of the semiconductor company's stock valued at $232,657,000 after buying an additional 218,820 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. grew its holdings in onsemi by 7.9% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 4,565 shares of the semiconductor company's stock valued at $351,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Insider Transactions at onsemi

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Cantor Fitzgerald reduced their price objective on onsemi from $110.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, September 17th. Evercore restated an "outperform" rating and issued a $137.00 price target on shares of onsemi in a research report on Friday, June 26th. B. Riley Financial dropped their price objective on shares of onsemi from $135.00 to $127.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Robert W. Baird boosted their target price on shares of onsemi from $100.00 to $108.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Finally, Seaport Research Partners assumed coverage on shares of onsemi in a report on Tuesday, September 22nd. They issued a "buy" rating and a $100.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, onsemi presently has an average rating of "Moderate Buy" and a consensus target price of $95.56.

onsemi Price Performance

Shares of onsemi stock opened at $72.02 on Friday. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of 46.17, a price-to-earnings-growth ratio of 0.60 and a beta of 2.05. 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 stock has a 50 day moving average price of $75.76 and a 200-day moving average price of $89.66. onsemi has a one year low of $44.56 and a one year high of $134.92.

onsemi (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Equities analysts expect that onsemi will post 3.21 EPS for the current year.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: StoneX initiated coverage with a “Strong Buy” rating and reportedly sees substantial upside, citing onsemi’s exposure to automotive and industrial chips, improving supply conditions and firmer pricing. StoneX initiates coverage of ON Semiconductor with buy
• Positive Sentiment: Sungrow is adopting onsemi’s EliteSiC silicon-carbide hybrid power modules for its PowerTitan 3.0 utility-scale energy-storage platform. The collaboration targets system efficiency of up to 99.3%, supporting onsemi’s positioning in renewable-energy and battery-storage applications. onsemi and Sungrow Target 99.3% Efficiency in Utility-Scale BESS
• Positive Sentiment: Vadzo Imaging validated an onsemi AR0521 5-megapixel image sensor in a camera platform using a Rockchip processor. The design win provides additional evidence of demand for onsemi’s imaging products in embedded and industrial applications. Vadzo Imaging Validates Low Noise Imaging on Bolt-521CRS
• Neutral Sentiment: Third-quarter results are scheduled for November 2, 2026, after the market close. Investors will focus on whether automotive, industrial and power-management demand supports the company’s outlook. Previous quarterly results exceeded consensus estimates, and current guidance calls for third-quarter EPS of $0.81–$0.93. onsemi to Announce Third Quarter Financial Results
• Negative Sentiment: Near-term sentiment remains pressured by valuation and technical factors. onsemi trades at a relatively elevated earnings multiple while its shares remain below key moving averages, leaving investors sensitive to any signs of weaker demand, margin pressure or cautious guidance ahead of earnings.

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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