28,600 Shares in onsemi $ON Acquired by Andra AP fonden

Key Points

• Andra AP fonden acquired 28,600 shares of onsemi in the second quarter, valued at approximately $2.7 million. Institutional investors and hedge funds collectively own 97.7% of the company.
• Analyst sentiment remains moderately positive, with a consensus rating of “Moderate Buy” and an average price target of $94.76, although several firms recently lowered their targets while others cited upside from AI power demand and data-center growth.
• onsemi exceeded quarterly expectations with $0.74 in adjusted EPS and $1.60 billion in revenue, up 9.2% year over year. Shares opened at $74.10, but valuation, technical weakness and semiconductor-sector volatility remain key risks.

Andra AP fonden bought a new position in onsemi (NASDAQ:ON - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,600 shares of the semiconductor company's stock, valued at approximately $2,704,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allstate Corp grew its stake in shares of 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 period. Kornitzer Capital Management Inc. KS raised its stake in 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 during the period. Swiss National Bank boosted its holdings in onsemi by 5.4% in the first quarter. Swiss National Bank now owns 1,180,800 shares of the semiconductor company's stock worth $73,115,000 after acquiring an additional 60,200 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in onsemi in the fourth quarter worth approximately $2,777,000. Finally, Engineers Gate Manager LP grew its stake in onsemi by 570.3% in the second quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company's stock valued at $28,776,000 after acquiring an additional 258,968 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on onsemi from $90.00 to $75.00 and set a "hold" rating for the company in a report on Thursday, September 17th. Citigroup cut their target price on onsemi from $120.00 to $98.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Needham & Company LLC reissued a "buy" rating and issued a $116.00 price target on shares of onsemi in a research report on Thursday, September 17th. Rosenblatt Securities restated a "neutral" rating and set a $85.00 price target on shares of onsemi in a research note on Thursday, September 17th. Finally, Susquehanna upped their price objective on shares of onsemi from $140.00 to $150.00 and gave the stock a "positive" rating in a report on Thursday, July 9th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $94.76.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Jefferies defended onsemi’s margin outlook, saying investor concerns following the company’s analyst day were overstated. The firm views the 53% gross-margin target as a milestone rather than a ceiling, with potential upside from higher volumes, lower costs and the ramp of differentiated data-center products. Jefferies believes rising data-center power demand positions onsemi for growth. Onsemi well positioned for rising data center power demand, Jefferies says
• Positive Sentiment: Seaport initiated coverage with a Buy rating and a $100 price target, citing improving semiconductor demand and onsemi’s potential role in the AI power market. Other coverage highlighted the company’s efforts to pursue a reported $213 billion AI-power opportunity, adding to investor enthusiasm around its strategic repositioning. ON Semiconductor’s $100 Bull Case Runs Into a Bearish Chart
• Positive Sentiment: onsemi and Valens Semiconductor are developing a cost-optimized integrated automotive camera sensor using MIPI A-PHY connectivity. The 3-megapixel product is aimed at high-volume vehicle applications and could simplify camera designs while strengthening onsemi’s automotive image-sensing opportunity. Valens Semiconductor to Collaborate with onsemi on a Cost-Optimized Integrated Sensor
• Neutral Sentiment: Investors are weighing a business in transition. onsemi is emerging from a cyclical trough and balancing component allocation between AI customers and automotive buyers. Its latest quarter exceeded consensus expectations, while guidance points to continued earnings improvement, but the recovery still depends on execution and sustained demand.
• Negative Sentiment: Technical and valuation risks remain. The stock trades below its key moving averages, and the analyst-day discussion raised questions about the timing of margin expansion. With a relatively high earnings multiple and a beta of 2.0, shares may remain sensitive to semiconductor-sector volatility and any signs that AI-related demand is slower to convert into revenue.

onsemi Trading Up 0.7%

Shares of onsemi stock opened at $74.10 on Thursday. The stock has a fifty day simple moving average of $77.97 and a 200 day simple moving average of $87.68. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The company has a market capitalization of $28.85 billion, a P/E ratio of 47.50, a price-to-earnings-growth ratio of 0.60 and a beta of 2.00. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51.

onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The business's revenue was up 9.2% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, sell-side analysts anticipate that onsemi will post 3.23 earnings per share for the current fiscal year.

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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