Bank of New York Mellon Corp Sells 778,203 Shares of onsemi $ON

Key Points

• Bank of New York Mellon cut its onsemi stake by 24% in the fourth quarter, selling 778,203 shares and leaving it with 2.47 million shares worth about $133.5 million.
• onsemi’s latest earnings topped expectations, with Q1 results showing EPS of $0.64 versus estimates of $0.61 and revenue of $1.51 billion versus $1.49 billion expected. The company also guided Q2 2026 EPS to $0.65-$0.77.
• Analysts remain cautious but constructive: several firms raised price targets, and the stock’s consensus rating is now “Moderate Buy” with an average target price of $92, even as insider selling and a recent 11% share price drop weighed on sentiment.

Bank of New York Mellon Corp reduced its holdings in onsemi (NASDAQ:ON - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,465,254 shares of the semiconductor company's stock after selling 778,203 shares during the quarter. Bank of New York Mellon Corp owned about 0.61% of onsemi worth $133,494,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CVA Family Office LLC boosted its position in shares of onsemi by 83.7% during the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 215 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of onsemi by 42.1% in the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 149 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of onsemi in the second quarter worth $32,000. Close Asset Management Ltd purchased a new stake in shares of onsemi in the third quarter worth $38,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of onsemi by 41.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 816 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 239 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

onsemi Trading Down 11.0%

onsemi stock opened at $117.26 on Friday. The business has a 50-day simple moving average of $95.02 and a two-hundred day simple moving average of $71.76. The company has a market cap of $45.95 billion, a P/E ratio of 83.16, a P/E/G ratio of 1.04 and a beta of 1.97. onsemi has a 52-week low of $44.56 and a 52-week high of $134.92. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41.

onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Analysts predict that onsemi will post 3.09 EPS for the current year.

Insider Activity

In related news, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the sale, the insider owned 173,943 shares in the company, valued at approximately $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Trent Thad sold 30,000 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the sale, the chief financial officer owned 301,194 shares of the company's stock, valued at $28,011,042. This represents a 9.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 66,114 shares of company stock valued at $5,548,708 in the last quarter. 0.35% of the stock is currently owned by company insiders.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: 247WallSt highlighted onsemi as a potential “big tech stock” for 2026, pointing to its sharp recovery and room for further upside. Prediction: ON Semiconductor Could Be 2026’s Big Tech Stock
• Positive Sentiment: Zacks said onsemi is gaining traction in renewable energy infrastructure, citing silicon-carbide technology, energy storage, microgrids, and new design wins tied to AI-driven power demand. How onsemi Is Winning in Renewable Energy Infrastructure
• Positive Sentiment: Recent commentary on sector positioning continues to frame ON as a beneficiary of demand tied to electrification and power efficiency, which supports the bull case for earnings growth.
• Neutral Sentiment: The company also presented at the Bank of America 2026 Global Technology Conference, which generally signals ongoing investor outreach but did not include a new material announcement. ON Semiconductor Corporation (ON) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Quantum-computing stocks sold off sharply today after sector-specific pressure, reinforcing a risk-off tone across high-beta tech names that may be weighing on sentiment for semiconductor stocks like onsemi.

Analysts Set New Price Targets

A number of research firms have recently commented on ON. JPMorgan Chase & Co. increased their target price on onsemi from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. Cantor Fitzgerald upped their price target on onsemi from $95.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, May 13th. KeyCorp upped their price target on onsemi from $65.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 10th. Benchmark downgraded onsemi from a "buy" rating to a "hold" rating in a report on Tuesday, February 10th. Finally, Craig Hallum reaffirmed a "hold" rating on shares of onsemi in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $92.00.

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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