Corient Private Wealth LP Sells 47,814 Shares of onsemi $ON

Key Points

• Corient Private Wealth LP cut its onsemi stake by 25.9% in the second quarter, selling 47,814 shares and retaining 136,709 shares valued at approximately $12.9 million. Other major institutions increased their positions, with institutional investors collectively owning 97.7% of the stock.
• Analyst sentiment remains mixed but moderately positive: 15 analysts rate onsemi a Buy and 15 rate it a Hold, producing an average price target of $96.44 versus the stock’s reported $73.20 price.
• onsemi exceeded quarterly expectations with adjusted EPS of $0.74 versus $0.72 expected and revenue of $1.60 billion, up 9.2% year over year. The company guided for third-quarter EPS of $0.81–$0.93, although the stock has underperformed amid broader semiconductor-sector pressure.

Corient Private Wealth LP reduced its position in onsemi (NASDAQ:ON - Free Report) by 25.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,709 shares of the semiconductor company's stock after selling 47,814 shares during the quarter. Corient Private Wealth LP's holdings in onsemi were worth $12,925,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of onsemi during the fourth quarter worth approximately $330,885,000. Janus Henderson Group PLC grew its holdings in shares of onsemi by 10.9% during the 1st quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company's stock valued at $848,392,000 after purchasing an additional 1,345,894 shares during the last quarter. Assenagon Asset Management S.A. raised its position in onsemi by 74.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,807,808 shares of the semiconductor company's stock worth $265,450,000 after purchasing an additional 1,201,534 shares during the period. Boston Trust Walden Corp raised its position in onsemi by 524.0% in the 1st quarter. Boston Trust Walden Corp now owns 1,038,146 shares of the semiconductor company's stock worth $64,282,000 after purchasing an additional 871,786 shares during the period. Finally, National Pension Service lifted its stake in onsemi by 1,862.0% in the fourth quarter. National Pension Service now owns 791,127 shares of the semiconductor company's stock worth $42,840,000 after purchasing an additional 750,804 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ON shares. Bank of America raised their price objective on onsemi from $115.00 to $138.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Citigroup dropped their target price on onsemi from $120.00 to $98.00 and set a "neutral" rating for the company in a report on Wednesday, August 5th. Stifel Nicolaus raised their price target on onsemi from $90.00 to $107.00 and gave the stock a "hold" rating in a research report on Wednesday, June 24th. Mizuho decreased their price target on onsemi from $125.00 to $110.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 4th. Finally, Evercore reiterated an "outperform" rating and issued a $137.00 price objective on shares of onsemi in a research report on Friday, June 26th. Fifteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $96.44.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Vadzo Imaging validated a camera platform using onsemi’s AR1335 13-megapixel image sensor with a Rockchip processor. The announcement provides evidence of continued design adoption for onsemi’s sensor technology, although it does not disclose a material revenue impact. Vadzo Imaging Validates Bolt-1335MRS
• Neutral Sentiment: Market coverage noted that onsemi has underperformed the broader semiconductor industry over the past year, while analysts remain cautiously optimistic about its longer-term prospects. This suggests valuation and industry-cycle concerns remain important factors for investors. How Is ON Semiconductor's Stock Performance Compared to Other Semiconductor Stocks?
• Negative Sentiment: onsemi recently declined more than the broader market, reflecting continued pressure on semiconductor stocks and investor caution toward the company’s near-term outlook. The report did not identify a new earnings warning or specific negative filing, indicating that sector sentiment and recent underperformance were likely the primary pressures. ON Semiconductor Corp. Declines More Than Market

onsemi Stock Up 2.2%

NASDAQ ON opened at $73.20 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49. The stock has a market capitalization of $28.50 billion, a PE ratio of 46.92, a PEG ratio of 0.59 and a beta of 2.00. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The business's 50-day moving average is $80.77 and its 200 day moving average is $87.42.

onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, beating 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 return on equity of 14.06% and a net margin of 10.17%.onsemi's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Sell-side analysts forecast that onsemi will post 3.23 earnings per share for the current 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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