AXQ Capital LP Takes $2.50 Million Position in onsemi $ON

Key Points

• AXQ Capital LP purchased 26,499 shares of onsemi in the second quarter, valued at approximately $2.5 million. Institutional investors collectively own 97.7% of the company.
• Analysts have a “Moderate Buy” consensus rating, with 15 Buy and 15 Hold ratings and an average price target of $96.44.
• onsemi exceeded quarterly expectations, reporting $0.74 in EPS versus the $0.72 estimate and $1.60 billion in revenue. However, the stock remained below its 50-day and 200-day moving averages, reflecting ongoing volatility and chart risk.

AXQ Capital LP bought a new stake in onsemi (NASDAQ:ON - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,499 shares of the semiconductor company's stock, valued at approximately $2,505,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. iSAM Funds UK Ltd purchased a new stake in shares of onsemi in the 2nd quarter worth approximately $255,000. B. Metzler seel. Sohn & Co. AG raised its position in shares of onsemi by 35.8% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 14,094 shares of the semiconductor company's stock worth $1,332,000 after purchasing an additional 3,717 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of onsemi in the 2nd quarter worth about $266,000. Proficio Capital Partners LLC bought a new position in onsemi in the 2nd quarter worth about $269,000. Finally, Teza Capital Management LLC purchased a new stake in onsemi during the 2nd quarter valued at about $321,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group reaffirmed a "neutral" rating and set a $95.00 price target on shares of onsemi in a report on Monday, June 29th. Sanford C. Bernstein reissued an "outperform" rating and set a $62.00 price target on shares of onsemi in a report on Wednesday, August 12th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $85.00 price objective on shares of onsemi in a report on Tuesday, August 4th. Stifel Nicolaus upped their price objective on onsemi from $90.00 to $107.00 and gave the company a "hold" rating in a research report on Wednesday, June 24th. Finally, Zacks Research cut shares of onsemi from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $96.44.

onsemi Stock Performance

NASDAQ ON opened at $73.65 on Friday. The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The business has a 50-day moving average price of $83.86 and a 200-day moving average price of $87.28. The firm has a market cap of $28.67 billion, a price-to-earnings ratio of 47.21, a price-to-earnings-growth ratio of 0.59 and a beta of 2.00.

onsemi (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $1.60 billion for 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 firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, equities research analysts predict that onsemi will post 3.23 EPS for the current fiscal year.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Recent earnings exceeded expectations. onsemi reported quarterly EPS of $0.74 versus the $0.72 consensus estimate and revenue of $1.60 billion versus $1.59 billion expected. Year-over-year revenue rose 9.2%, while third-quarter EPS guidance of $0.81–$0.93 suggests continued sequential improvement. Q2 earnings roundup: Onsemi and the rest of the analog semiconductors segment
• Positive Sentiment: Technical momentum may be improving. A Forbes analysis said the stock’s pullback has brought a bullish trendline into focus, potentially giving technical traders a support level to monitor after the sharp decline from its 52-week high. ON Semiconductor Stock's Pullback Puts Bullish Trendline In Focus
• Positive Sentiment: Onsemi sensor adoption continues in specialized applications. Vadzo Imaging announced validation of a 120-frame-per-second monochrome GigE camera built around onsemi’s AR0234 image sensor, supporting the company’s positioning in industrial imaging and other high-performance vision markets. The announcement is strategically favorable, although the revenue impact is not disclosed. Vadzo Imaging validates high-frame-rate streaming on an onsemi sensor camera
• Neutral Sentiment: Valuation and chart risks remain. Despite the rebound, onsemi trades below its 50-day and 200-day moving averages, while its elevated beta indicates substantial volatility. Investors will likely look for evidence that automotive and industrial semiconductor demand can sustain the earnings recovery.

onsemi Company Profile

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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