Atwood & Palmer Inc. Reduces Holdings in onsemi $ON

Key Points

• Atwood & Palmer cut its onsemi stake by 29.3% in the second quarter, selling 89,840 shares and retaining 216,936 shares worth approximately $20.5 million. Institutional investors collectively own 97.7% of the company.
• onsemi exceeded quarterly expectations with EPS of $0.74 versus $0.72 expected and revenue of $1.60 billion, up 9.2% year over year. Management guided third-quarter EPS to $0.81–$0.93.
• Analyst sentiment remains mixed: some firms cite improving earnings and opportunities in physical AI and robotics, while others point to weaker automotive and industrial demand. The stock carries a consensus “Hold” rating and an average price target of $100.62.

Atwood & Palmer Inc. trimmed its stake in shares of onsemi (NASDAQ:ON - Free Report) by 29.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,936 shares of the semiconductor company's stock after selling 89,840 shares during the quarter. Atwood & Palmer Inc. owned approximately 0.06% of onsemi worth $20,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in onsemi by 187.9% in the 1st quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company's stock worth $4,863,000 after acquiring an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in onsemi by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company's stock valued at $54,000 after purchasing an additional 507 shares during the period. Brown Advisory Inc. bought a new position in onsemi during the 2nd quarter valued at approximately $201,000. Cresset Asset Management LLC lifted its holdings in onsemi by 24.8% in the 2nd quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company's stock worth $531,000 after buying an additional 2,016 shares during the period. Finally, Cerity Partners LLC grew its position in shares of onsemi by 108.0% in the 2nd 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 during the last quarter. Institutional investors own 97.70% of the company's stock.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Optimism around onsemi’s earnings outlook supported the stock after Zacks upgraded the company to a No. 2 (Buy) ranking. The upgrade reflects expectations for improving earnings momentum following the company’s recent quarterly results. ON Semiconductor Corp. Moves to Buy
• Positive Sentiment: Investor interest is also being supported by onsemi’s strategy to become a broader physical-AI and robotics supplier, including technologies for intelligent sensing and power management. A MarketBeat analysis argued that this expansion could create a longer-term growth opportunity beyond the company’s traditional automotive exposure. The AI Chip Stock Making a Quiet Move Toward Dominance
• Positive Sentiment: Some analysts remain constructive: Citigroup set a $98 price target, while a separate analysis raised its valuation target after onsemi’s second-quarter report. The company recently exceeded quarterly EPS and revenue expectations and issued third-quarter EPS guidance of $0.81 to $0.93. onsemi Given New $98 Price Target
• Neutral Sentiment: Analyst sentiment remains mixed. TD Cowen reiterated a Hold rating with a $95 target, while Rosenblatt maintained a Neutral rating, suggesting that data-center strength is being offset by softer automotive and industrial demand. ON Semiconductor Hold Rating Reiterated
• Negative Sentiment: Several firms reduced or maintained cautious targets, including Mizuho’s cut to $110 and pessimistic outlooks from Wells Fargo, B. Riley and Needham. Analysts cited broader semiconductor-sector concerns and uneven recovery in automotive and industrial markets. Why Wall Street Cut ON Semiconductor’s Price Target

onsemi Trading Up 3.6%

onsemi stock opened at $81.17 on Friday. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 52.03, a P/E/G ratio of 0.64 and a beta of 2.03. The firm has a 50 day moving average of $100.70 and a 200 day moving average of $85.42. The company has a current ratio of 3.46, a quick ratio of 3.14 and a debt-to-equity ratio of 0.51.

onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share 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 analyst estimates of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company's revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, research analysts predict that onsemi will post 3.23 earnings per share for the current year.

Wall Street Analyst Weigh In

ON has been the topic of a number of research analyst reports. Mizuho reduced their price objective on shares of onsemi from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Tuesday. Zacks Research lowered shares of onsemi from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Evercore restated an "outperform" rating and issued a $137.00 price objective on shares of onsemi in a report on Friday, June 26th. Wall Street Zen upgraded onsemi from a "hold" rating to a "buy" rating in a report on Monday, April 13th. Finally, UBS Group restated a "neutral" rating and issued a $95.00 target price on shares of onsemi in a research note on Monday, June 29th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $100.62.

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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