BlueCrest Capital Management Ltd Lowers Position in onsemi $ON

BlueCrest Capital Management Ltd lessened its holdings in shares of onsemi (NASDAQ:ON) by 100.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,180 shares of the semiconductor company’s stock after selling 25,059,820 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in onsemi were worth $962,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AQR Capital Management LLC grew its stake in onsemi by 187.9% in the 1st quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock worth $4,863,000 after buying an additional 79,206 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of onsemi by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after buying an additional 507 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of onsemi during the 2nd quarter valued at $201,000. Cresset Asset Management LLC lifted its holdings in shares of onsemi by 24.8% during the 2nd quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock worth $531,000 after acquiring an additional 2,016 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of onsemi by 108.0% during the 2nd quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock worth $1,659,000 after acquiring an additional 16,435 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

onsemi Stock Performance

onsemi stock opened at $70.98 on Thursday. The firm has a fifty day simple moving average of $82.31 and a two-hundred day simple moving average of $87.33. The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The company has a market capitalization of $27.63 billion, a PE ratio of 45.50, a P/E/G ratio of 0.58 and a beta of 2.00.

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. The firm 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 company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Research analysts expect that onsemi will post 3.23 EPS for the current year.

Key Stories Impacting onsemi

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Zacks Research cut onsemi from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. TD Cowen dropped their price target on onsemi from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Rosenblatt Securities reiterated a “neutral” rating and set a $85.00 price objective on shares of onsemi in a research report on Tuesday, August 4th. Robert W. Baird raised their price objective on onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Finally, Wells Fargo & Company dropped their target price on onsemi from $110.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. Fifteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $96.44.

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.