Geode Capital Management LLC Reduces Stake in onsemi $ON

Geode Capital Management LLC reduced its position in onsemi (NASDAQ:ON) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,008,373 shares of the semiconductor company’s stock after selling 165,682 shares during the period. Geode Capital Management LLC’s holdings in onsemi were worth $594,785,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC increased its stake in onsemi by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 215 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in onsemi in the 2nd quarter valued at approximately $32,000. Close Asset Management Ltd purchased a new position in onsemi in the 3rd quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in onsemi by 41.4% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 816 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 239 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in onsemi in the 4th quarter valued at approximately $47,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Recent analyst coverage has stayed constructive, with Mizuho raising its price target on onsemi to $150 and maintaining an outperform rating, implying meaningful upside from current levels.
• Positive Sentiment: Several recent articles highlighted onsemi as a potential beneficiary of the AI and power-management semiconductor cycle, with commentary pointing to improving gross margins and stronger utilization from its Fab Right strategy.
• Positive Sentiment: A new leveraged ETF launch tied to onsemi also signals rising trading interest and broader speculation around the name.
• Neutral Sentiment: Onsemi’s latest earnings were solid, with revenue and EPS both slightly ahead of expectations and Q2 guidance calling for continued growth, but the report is not fresh enough to be the day’s main stock-moving event.
• Neutral Sentiment: A short-interest update showed essentially no meaningful short interest, so the move does not appear to be driven by a squeeze or bearish positioning change.
• Neutral Sentiment: Recent stock commentary from third-party outlets has been largely thematic, focusing on AI semiconductor demand rather than a new fundamental development at onsemi.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ON. Truist Financial reaffirmed a “hold” rating and set a $101.00 price objective (up from $66.00) on shares of onsemi in a research note on Tuesday, May 5th. Mizuho increased their price objective on onsemi from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group reaffirmed a “neutral” rating on shares of onsemi in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company increased their price objective on onsemi from $90.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, onsemi has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Insiders Place Their Bets

In other onsemi news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction dated 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 owned 301,194 shares in the company, valued at $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the transaction, the insider owned 173,943 shares in the company, valued at approximately $10,205,235.81. This represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 66,114 shares of company stock worth $5,548,708 in the last quarter. 0.35% of the stock is owned by insiders.

onsemi Price Performance

Shares of onsemi stock opened at $120.62 on Friday. onsemi has a twelve month low of $41.49 and a twelve month high of $129.13. The stock has a market capitalization of $47.27 billion, a P/E ratio of 85.55, a PEG ratio of 1.07 and a beta of 1.94. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average price is $88.44 and its 200 day moving average price is $69.03.

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

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.