onsemi $ON Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its stake in shares of onsemi (NASDAQ:ON - Free Report) by 570.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,377 shares of the semiconductor company's stock after buying an additional 258,968 shares during the quarter. Engineers Gate Manager LP owned approximately 0.08% of onsemi worth $28,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ON. California State Teachers Retirement System lifted its stake in onsemi by 11,638.4% in the second quarter. California State Teachers Retirement System now owns 55,231,686 shares of the semiconductor company's stock valued at $5,221,604,000 after buying an additional 54,761,166 shares during the last quarter. Norges Bank acquired a new position in shares of onsemi in the 4th quarter worth approximately $330,885,000. Two Sigma Investments LP increased its holdings in shares of onsemi by 636.1% in the third quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company's stock valued at $184,900,000 after buying an additional 3,240,375 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of onsemi by 55.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company's stock valued at $305,943,000 after purchasing an additional 2,072,125 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of onsemi by 23,784.8% during the fourth quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company's stock valued at $92,928,000 after acquiring an additional 1,708,937 shares during the period. 97.70% of the stock is currently owned by institutional investors.

onsemi Stock Down 0.1%

NASDAQ:ON opened at $70.98 on Thursday. 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 stock's 50 day moving average price is $82.31 and its two-hundred day moving average price is $87.33. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The firm has a market capitalization of $27.63 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 0.58 and a beta of 2.00.

onsemi (NASDAQ:ON - Get Free Report) last posted its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $1.60 billion for 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%.The firm's revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Equities research analysts expect that onsemi will post 3.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ON shares. TD Cowen cut their target price on shares of onsemi from $110.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, July 13th. Stifel Nicolaus increased 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. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $85.00 price target on shares of onsemi in a report on Tuesday, August 4th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $62.00 price objective on shares of onsemi in a report on Wednesday, August 12th. Finally, B. Riley Financial decreased their price objective on shares of onsemi from $135.00 to $127.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $96.44.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi’s latest quarterly results remain a supportive backdrop: revenue increased 9.2% year over year, EPS exceeded consensus, and management provided third-quarter 2026 EPS guidance of $0.81–$0.93. However, these results were reported previously and are not a fresh catalyst today.
• Neutral Sentiment: The broader semiconductor sector has recently benefited from enthusiasm around artificial-intelligence infrastructure and advanced-chip demand, which could provide some support for onsemi’s power and automotive semiconductor businesses. Why Onto Innovation Stock Is Up Today
• Negative Sentiment: Recent market coverage highlighted onsemi’s 4.44% decline in the prior trading session, reflecting heavier selling than the broader market. The stock is also trading below its 50-day and 200-day moving averages, indicating continued technical pressure and limited near-term momentum. ON Semiconductor Falls More Steeply Than Broader Market
• Negative Sentiment: A Seeking Alpha analysis characterized the stock’s recent setup as a potential “bull trap,” raising concerns that optimism about an AI-driven portfolio refresh may not yet be translating into sustained earnings momentum. That caution may be weighing on investors following the recent selloff. ON Semiconductor’s Bull Trap Over

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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