onsemi $ON Stock: Assenagon Asset Management S.A. Boosts Stake

Key Points

• Assenagon Asset Management increased its onsemi stake by 7.8% in the third quarter, acquiring 218,820 additional shares and bringing its holdings to 3.03 million shares valued at approximately $232.7 million. Institutional investors collectively own 97.7% of the company.
• Analyst sentiment is moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $95.56 versus the stock’s $73.70 opening price.
• onsemi recently exceeded quarterly earnings and revenue expectations, reporting $0.74 EPS on $1.60 billion in revenue. Investors are also watching its energy-storage design win with Sungrow and upcoming quarterly results for evidence of stronger automotive, industrial and silicon-carbide demand.

Assenagon Asset Management S.A. increased its position in shares of onsemi (NASDAQ:ON - Free Report) by 7.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,026,628 shares of the semiconductor company's stock after buying an additional 218,820 shares during the quarter. Assenagon Asset Management S.A. owned 0.78% of onsemi worth $232,657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SHP Wealth Management acquired a new position in onsemi during the 4th quarter worth approximately $32,000. Ascentis Independent Advisors acquired a new stake in shares of onsemi in the first quarter valued at approximately $36,000. Ninety One UK Ltd acquired a new stake in shares of onsemi in the third quarter valued at approximately $36,000. Root Financial Partners LLC lifted its position in shares of onsemi by 39.4% in the first quarter. Root Financial Partners LLC now owns 701 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 198 shares in the last quarter. Finally, Compass Financial Management LLC bought a new stake in shares of onsemi in the second quarter worth $67,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on ON shares. Rosenblatt Securities restated a "neutral" rating and set a $85.00 target price on shares of onsemi in a report on Thursday, September 17th. Stifel Nicolaus lifted their price target on shares of onsemi from $75.00 to $80.00 and gave the company a "hold" rating in a research note on Monday, October 5th. Seaport Research Partners began coverage on shares of onsemi in a research note on Tuesday, September 22nd. They issued a "buy" rating and a $100.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $116.00 price target on shares of onsemi in a research report on Friday, October 2nd. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $62.00 price target on shares of onsemi in a research report on Wednesday, August 12th. Fifteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $95.56.

onsemi Stock Up 0.5%

ON stock opened at $73.70 on Friday. 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 business has a 50 day moving average price of $75.94 and a two-hundred day moving average price of $89.79. The company has a market cap of $28.69 billion, a price-to-earnings ratio of 47.24, a P/E/G ratio of 0.61 and a beta of 2.05. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92.

onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm 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 business's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Analysts anticipate that onsemi will post 3.20 EPS for the current fiscal year.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Energy-storage design win: Sungrow is integrating onsemi’s EliteSiC silicon-carbide hybrid power modules into its PowerTitan 3.0 utility-scale battery-storage platform. The technology is expected to improve inverter efficiency by 0.4%, exceed 99.3% peak efficiency and save more than 475 MWh annually in a 100 MW installation. Sungrow expects to deliver 10 GWh of PowerTitan 3.0 systems in Europe during 2026, supporting the growth outlook for onsemi’s power products. onsemi and Sungrow Advance Utility-Scale Energy Storage Performance
• Positive Sentiment: Bullish analyst view: StoneX reportedly initiated coverage with a Buy rating and sees approximately 54% upside, citing chip-growth potential. Separately, Susquehanna analyst Christopher Rolland has highlighted tightening supply, firmer pricing and improving automotive and industrial demand. Onsemi started at buy at StoneX
• Neutral Sentiment: Earnings catalyst approaching: onsemi will release third-quarter results after the market closes on November 2, 2026, followed by a conference call. Investors will focus on automotive and industrial demand, margins, silicon-carbide adoption and forward guidance. The company’s prior quarter delivered $0.74 in EPS on $1.60 billion of revenue, while current-year analyst consensus is $3.20 EPS. onsemi to Announce Third Quarter Financial Results
• Negative Sentiment: Insider-selling overhang: Quiver data shows onsemi insiders have reported four open-market transactions in the past six months, all sales, including approximately 90,000 shares sold by CFO Trent Thad. This is not necessarily fundamental evidence of weakness, but it may temper sentiment.

Insiders Place Their Bets

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the business's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the transaction, the insider directly owned 158,177 shares in the company, valued at approximately $12,654,160. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company's stock.

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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