Engineers Gate Manager LP Purchases 258,968 Shares of onsemi $ON

Engineers Gate Manager LP raised its position in shares of onsemi (NASDAQ:ON) by 570.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,377 shares of the semiconductor company’s stock after purchasing an additional 258,968 shares during the period. Engineers Gate Manager LP’s holdings in onsemi were worth $28,776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ON. Twin Capital Management Inc. acquired a new stake in shares of onsemi during the fourth quarter valued at about $585,000. North Dakota State Investment Board acquired a new position in shares of onsemi in the fourth quarter valued at approximately $784,000. Allstate Corp raised its holdings in onsemi by 89.0% in the 4th quarter. Allstate Corp now owns 28,136 shares of the semiconductor company’s stock valued at $1,524,000 after buying an additional 13,250 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its position in onsemi by 103.0% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 89,080 shares of the semiconductor company’s stock worth $5,516,000 after buying an additional 45,200 shares during the period. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in onsemi during the 4th quarter worth approximately $2,777,000. 97.70% of the stock is currently owned by institutional investors.

onsemi Stock Performance

Shares of onsemi stock opened at $70.98 on Thursday. The business’s fifty day simple moving average is $82.31 and its 200 day simple moving average is $87.33. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. The firm has a market capitalization of $27.63 billion, a P/E ratio of 45.50, a price-to-earnings-growth ratio of 0.58 and a beta of 2.00.

onsemi (NASDAQ:ON) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, analysts anticipate that onsemi will post 3.23 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on ON. Stifel Nicolaus upped their price target on shares of onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Citigroup decreased their price objective on shares of onsemi from $120.00 to $98.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Cantor Fitzgerald reiterated a “neutral” rating on shares of onsemi in a report on Wednesday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $85.00 price target on shares of onsemi in a research note on Tuesday, August 4th. Finally, B. Riley Financial decreased their price objective on onsemi from $135.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.44.

More onsemi News

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.