Main Street Research LLC Makes New $641,000 Investment in onsemi $ON

Main Street Research LLC acquired a new stake in shares of onsemi (NASDAQ:ON) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 10,350 shares of the semiconductor company’s stock, valued at approximately $641,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ON. Norges Bank purchased a new position in shares of onsemi in the fourth quarter worth $330,885,000. Two Sigma Investments LP grew its stake in onsemi by 636.1% during 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 acquiring an additional 3,240,375 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in 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 acquiring an additional 2,072,125 shares during the last quarter. Marshall Wace LLP increased its holdings in onsemi by 23,784.8% in the 4th 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 last quarter. Finally, Alliancebernstein L.P. lifted its stake in onsemi by 312.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after purchasing an additional 1,523,866 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

onsemi Stock Up 4.4%

Shares of NASDAQ ON opened at $97.87 on Friday. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The firm’s 50-day moving average price is $111.18 and its 200-day moving average price is $81.41. The stock has a market capitalization of $38.36 billion, a price-to-earnings ratio of 69.41, a P/E/G ratio of 0.84 and a beta of 2.01.

onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business posted $0.55 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, equities research analysts anticipate that onsemi will post 3.09 EPS for the current fiscal year.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Bank of America said onsemi’s proposed Synaptics deal could create long-term synergies and help build a more complete edge-AI portfolio, reinforcing the strategic case for the acquisition. Article Title
• Positive Sentiment: Zacks said onsemi’s divestitures support its “Fab Right” plan, which should lower costs, improve manufacturing efficiency, and back margin expansion in AI, auto, and industrial end markets. Article Title
• Positive Sentiment: Separate market commentary emphasized onsemi’s role as a beneficiary of AI-powered vehicles, with demand expected to rise for memory, processors, sensors, networking, and power chips. Article Title
• Neutral Sentiment: onsemi was also mentioned in broader semiconductor coverage and valuation discussions following index inclusion and the Synaptics deal, adding to investor attention but not clearly changing the fundamental outlook. Article Title
• Negative Sentiment: Some of the optimism is offset by a Zacks Research downgrade from “strong-buy” to “hold,” suggesting the rally may face near-term valuation concerns. Article Title

Analyst Ratings Changes

Several research firms have commented on ON. Stifel Nicolaus increased their price objective on shares of onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Zacks Research downgraded onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday. Bank of America increased their price target on onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Wells Fargo & Company raised their price target on onsemi from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen raised onsemi from a “hold” rating to a “buy” rating in a research note on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.24.

Insider Activity at onsemi

In other news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the completion of the transaction, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. The trade was a 9.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.