onsemi $ON Stake Lowered by CIBC Asset Management Inc

CIBC Asset Management Inc reduced its stake in shares of onsemi (NASDAQ:ON) by 26.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,494 shares of the semiconductor company’s stock after selling 34,859 shares during the period. CIBC Asset Management Inc’s holdings in onsemi were worth $5,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ON. Norges Bank purchased a new position in shares of onsemi during the 4th quarter valued at $330,885,000. Two Sigma Investments LP grew its holdings in shares of onsemi by 636.1% during 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 acquiring an additional 3,240,375 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of onsemi by 55.0% during 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 in the last quarter. Alliancebernstein L.P. grew its holdings in shares of onsemi by 312.8% during the 2nd 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. Finally, Voloridge Investment Management LLC grew its holdings in shares of onsemi by 53.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 3,331,427 shares of the semiconductor company’s stock valued at $164,273,000 after acquiring an additional 1,157,962 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Jefferies Financial Group boosted their price target on shares of onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Cantor Fitzgerald lifted their price objective on shares of onsemi from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a research note on Wednesday, April 29th. Robert W. Baird lifted their price objective on shares of onsemi from $56.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

onsemi Stock Down 11.0%

ON stock opened at $117.26 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 1 year low of $44.56 and a 1 year high of $134.92. The company has a fifty day simple moving average of $95.02 and a 200 day simple moving average of $71.76. The firm has a market cap of $45.95 billion, a PE ratio of 83.16, a PEG ratio of 1.04 and a beta of 1.97.

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

Insiders Place Their Bets

In other onsemi news, insider Sudhir Gopalswamy sold 6,114 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the transaction, the insider owned 173,943 shares of the company’s stock, valued at $10,205,235.81. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the transaction, the chief financial officer directly owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. This represents a 9.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 66,114 shares of company stock valued at $5,548,708. Company insiders own 0.35% of the company’s stock.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: 247WallSt highlighted onsemi as a potential “big tech stock” for 2026, pointing to its sharp recovery and room for further upside. Prediction: ON Semiconductor Could Be 2026’s Big Tech Stock
• Positive Sentiment: Zacks said onsemi is gaining traction in renewable energy infrastructure, citing silicon-carbide technology, energy storage, microgrids, and new design wins tied to AI-driven power demand. How onsemi Is Winning in Renewable Energy Infrastructure
• Positive Sentiment: Recent commentary on sector positioning continues to frame ON as a beneficiary of demand tied to electrification and power efficiency, which supports the bull case for earnings growth.
• Neutral Sentiment: The company also presented at the Bank of America 2026 Global Technology Conference, which generally signals ongoing investor outreach but did not include a new material announcement. ON Semiconductor Corporation (ON) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Quantum-computing stocks sold off sharply today after sector-specific pressure, reinforcing a risk-off tone across high-beta tech names that may be weighing on sentiment for semiconductor stocks like onsemi.

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.