Nissay Asset Management Corp Japan Has $17.90 Million Stock Holdings in onsemi $ON

Nissay Asset Management Corp Japan boosted its position in shares of onsemi (NASDAQ:ON) by 26.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,308 shares of the semiconductor company’s stock after purchasing an additional 39,082 shares during the period. Nissay Asset Management Corp Japan’s holdings in onsemi were worth $17,897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ON. Norges Bank acquired a new stake in shares of onsemi during the 4th quarter valued at about $330,885,000. Two Sigma Investments LP grew its stake in shares of onsemi by 636.1% in the 3rd 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 increased its holdings in onsemi by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after buying an additional 2,072,125 shares during the last quarter. Marshall Wace LLP increased its holdings in onsemi by 23,784.8% in the fourth quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company’s stock worth $92,928,000 after buying an additional 1,708,937 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in onsemi by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock valued at $105,401,000 after acquiring an additional 1,523,866 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

onsemi Trading Down 2.9%

Shares of ON stock opened at $72.61 on Friday. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. 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’s 50 day moving average is $87.66 and its two-hundred day moving average is $87.04. 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.

onsemi (NASDAQ:ON) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. onsemi’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Equities analysts predict that onsemi will post 3.23 EPS for the current 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.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ON. Wells Fargo & Company reduced their target price on shares of onsemi from $130.00 to $110.00 and set an “overweight” rating for the company in a research note on Tuesday, August 4th. Rosenblatt Securities restated a “neutral” rating and set a $85.00 price target on shares of onsemi in a report on Tuesday, August 4th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of onsemi in a research note on Monday, August 17th. Jefferies Financial Group upped their price objective on shares of onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, onsemi currently has a consensus rating of “Moderate Buy” and an average price target of $97.04.

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.