Kerrisdale Advisers LLC Has $1.38 Million Stake in onsemi $ON

Key Points

• Kerrisdale Advisers cut its onsemi stake by 60.8% in the second quarter, selling 22,615 shares and retaining 14,595 shares valued at approximately $1.38 million. Institutional investors collectively own 97.7% of the company.
• onsemi exceeded quarterly expectations with $0.74 in EPS and $1.60 billion in revenue, while revenue rose 9.2% year over year. The company issued third-quarter 2026 EPS guidance of $0.81–$0.93.
• Shares opened at $72.61, below their 50-day and 200-day moving averages, indicating weak technical momentum. Analysts maintain a “Moderate Buy” consensus with an average price target of $97.04, but investors remain focused on cyclical automotive demand and the company’s EV and silicon-carbide growth prospects.

Kerrisdale Advisers LLC reduced its holdings in onsemi (NASDAQ:ON - Free Report) by 60.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,595 shares of the semiconductor company's stock after selling 22,615 shares during the quarter. Kerrisdale Advisers LLC's holdings in onsemi were worth $1,380,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ON. AQR Capital Management LLC grew its position in shares of onsemi by 187.9% in the 1st quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company's stock valued at $4,863,000 after buying an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of onsemi by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company's stock worth $54,000 after acquiring an additional 507 shares during the period. Brown Advisory Inc. bought a new position in onsemi during the 2nd quarter worth approximately $201,000. Cresset Asset Management LLC increased its position in shares of onsemi by 24.8% during the second 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 lifted its holdings in onsemi by 108.0% in the second quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company's stock valued at $1,659,000 after buying an additional 16,435 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

onsemi Price Performance

Shares of NASDAQ:ON opened at $72.61 on Monday. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The stock's 50 day moving average is $87.66 and its 200-day moving average is $87.19. The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $28.27 billion, a price-to-earnings ratio of 46.55, a PEG ratio of 0.60 and a beta of 2.03.

onsemi (NASDAQ:ON - Get Free Report) last announced 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. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the business posted $0.53 EPS. onsemi's quarterly revenue was up 9.2% on a year-over-year basis. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Sell-side analysts forecast 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: 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.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Susquehanna increased their price target on onsemi from $140.00 to $150.00 and gave the stock a "positive" rating in a report on Thursday, July 9th. Roth Capital restated a "buy" rating on shares of onsemi in a research report on Tuesday, May 5th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $85.00 target price on shares of onsemi in a research note on Tuesday, August 4th. B. Riley Financial dropped their price target on onsemi from $135.00 to $127.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Finally, Stifel Nicolaus lifted their price objective on shares of onsemi from $90.00 to $107.00 and gave the company a "hold" rating in a research note on Wednesday, June 24th. Fifteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $97.04.

onsemi 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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