Headlands Technologies LLC purchased a new stake in onsemi (NASDAQ:ON - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 30,970 shares of the semiconductor company's stock, valued at approximately $2,928,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its position in shares of onsemi by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 149 shares in the last quarter. DV Equities LLC acquired a new stake in shares of onsemi in the 4th quarter valued at about $30,000. SHP Wealth Management acquired a new stake in shares of onsemi in the 4th quarter valued at about $32,000. Summit Securities Group LLC grew its stake in onsemi by 346.3% during the 4th quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company's stock worth $32,000 after buying an additional 464 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in onsemi during the 2nd quarter worth approximately $32,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
onsemi Price Performance
onsemi stock opened at $72.61 on Monday. The stock's 50 day moving average price is $87.66 and its 200 day moving average price is $87.19. The company has a market cap of $28.27 billion, a PE ratio of 46.55, a price-to-earnings-growth ratio of 0.60 and a beta of 2.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92.
onsemi (NASDAQ:ON - Get Free Report) last released its 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 company had revenue of $1.60 billion during 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%.onsemi's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, sell-side analysts predict that onsemi will post 3.23 EPS for the current fiscal year.
onsemi News Summary
Here are the key news stories impacting onsemi this week:
- Positive Sentiment: Comparative coverage of onsemi and STMicroelectronics highlights onsemi’s exposure to EV power semiconductors, silicon-carbide momentum, design wins and manufacturing-capacity trends. These areas could support longer-term growth if EV adoption and automotive semiconductor demand improve. STM vs. ON: Which EV Semiconductor Stock Is More Compelling?
- Neutral Sentiment: onsemi presented at the Deutsche Bank 2026 Technology Conference, giving investors an opportunity to assess management’s outlook for automotive demand, EV-related growth, silicon-carbide adoption and capacity utilization. The supplied report does not identify a new earnings revision, major contract or change to formal guidance. ON Semiconductor Corporation Presents at Deutsche Bank 2026 Technology Conference
- Negative Sentiment: The stock’s decline reflects continued investor caution despite onsemi’s latest quarterly beat, including $0.74 in adjusted EPS on $1.60 billion in revenue. Shares remain below both major moving averages, suggesting weak technical momentum and skepticism about the pace of semiconductor-cycle recovery.
- Negative Sentiment: At roughly 46.6 times earnings, onsemi still carries a growth-oriented valuation while facing cyclical automotive and industrial demand risks. Investors may require clearer evidence that EV and silicon-carbide growth can offset near-term softness before assigning the stock a higher multiple.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. TD Cowen decreased their price target on shares of onsemi from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of onsemi in a research note on Tuesday, May 5th. Jefferies Financial Group increased their target price on shares of onsemi from $73.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Cantor Fitzgerald reissued a "neutral" rating and set a $110.00 price target on shares of onsemi in a report on Monday, August 17th. Finally, Susquehanna boosted their price target on onsemi from $140.00 to $150.00 and gave the company a "positive" rating in a research report on Thursday, July 9th. Fifteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, onsemi has a consensus rating of "Moderate Buy" and an average price target of $97.04.
Read Our Latest Stock Report on ON
About onsemi
(
Free Report)
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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