Edgestream Partners L.P. Sells 50,798 Shares of onsemi $ON

Edgestream Partners L.P. decreased its holdings in onsemi (NASDAQ:ON) by 73.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,953 shares of the semiconductor company’s stock after selling 50,798 shares during the quarter. Edgestream Partners L.P.’s holdings in onsemi were worth $1,112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its position in onsemi by 10.9% during the 1st quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock valued at $848,392,000 after purchasing an additional 1,345,894 shares during the period. Empowered Funds LLC raised its holdings in onsemi by 814.1% in the 1st quarter. Empowered Funds LLC now owns 240,614 shares of the semiconductor company’s stock worth $14,899,000 after purchasing an additional 214,292 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of onsemi by 13.3% in the 1st quarter. Quantinno Capital Management LP now owns 788,484 shares of the semiconductor company’s stock worth $48,823,000 after purchasing an additional 92,309 shares during the period. Delta Global Management LP purchased a new stake in shares of onsemi in the 1st quarter worth about $7,198,000. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of onsemi by 97.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 30,402 shares of the semiconductor company’s stock valued at $1,882,000 after purchasing an additional 14,983 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi exceeded Q2 expectations: Revenue rose 9% year over year to $1.604 billion, topping the $1.59 billion consensus estimate, while non-GAAP EPS of $0.74 beat estimates of roughly $0.71–$0.72. GAAP EPS was $0.56, compared with $0.53 a year earlier. ON Semiconductor Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and cash generation improved sharply. Non-GAAP gross margin reached 39.3% and operating margin 20.8%. Operating cash flow increased 150%, free cash flow quadrupled to $425.4 million, and onsemi repurchased $332 million of stock during the quarter. onsemi Reports Second Quarter 2026 Results
• Positive Sentiment: AI is becoming a more important growth driver. Management said demand is strengthening across AI-powered applications and expects AI data-center revenue to more than double this year. The company also highlighted growing adoption of its Treo and high-voltage power solutions, while its third-quarter revenue midpoint of approximately $1.70 billion was reported as above analyst expectations. onsemi Rises on Solid Earnings Beat as AI Data Center Revenue Grows
• Neutral Sentiment: Forward guidance remains favorable but not risk-free. onsemi forecast third-quarter GAAP EPS of $0.79–$0.91, or adjusted EPS of $0.81–$0.93, with revenue of $1.65–$1.75 billion. Investors will continue watching automotive demand, inventory normalization and the company’s planned Synaptics acquisition.
• Negative Sentiment: Insider selling is a potential overhang. Company data show executives, including the CFO and CEO, have reported stock sales and no open-market purchases during the past six months. This does not necessarily indicate deteriorating fundamentals, but it may temper enthusiasm following the earnings-driven advance. onsemi Q2 Revenue Rises 9 Percent

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ON shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of onsemi from a “hold” rating to a “buy” rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a research report on Friday, July 24th. Zacks Research cut onsemi from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Barclays lifted their price target on onsemi from $75.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.24.

onsemi Stock Performance

onsemi stock opened at $80.40 on Tuesday. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $31.51 billion, a P/E ratio of 57.02, a PEG ratio of 0.90 and a beta of 2.03. The stock’s 50 day moving average is $104.28 and its 200 day moving average is $85.07.

onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, equities research analysts predict that onsemi will post 3.09 earnings per share for the current fiscal 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.