Sterling Capital Management LLC Sells 11,325 Shares of onsemi $ON

Sterling Capital Management LLC lessened its position in onsemi (NASDAQ:ON) by 13.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,776 shares of the semiconductor company’s stock after selling 11,325 shares during the quarter. Sterling Capital Management LLC’s holdings in onsemi were worth $4,382,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in onsemi during the 4th quarter valued at about $330,885,000. Two Sigma Investments LP lifted its stake in onsemi by 636.1% in the third quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock worth $184,900,000 after purchasing an additional 3,240,375 shares during the last quarter. Rafferty Asset Management LLC boosted its position in shares of onsemi by 55.0% during the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after buying an additional 2,072,125 shares during the period. Marshall Wace LLP grew its stake in shares of onsemi by 23,784.8% during the fourth quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company’s stock valued at $92,928,000 after buying an additional 1,708,937 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of onsemi by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock valued at $105,401,000 after buying an additional 1,523,866 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ON. JPMorgan Chase & Co. raised their price target on onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Needham & Company LLC upped their price objective on onsemi from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. B. Riley Financial increased their target price on onsemi from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus boosted their target price on shares of onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Susquehanna upped their price target on shares of onsemi from $120.00 to $140.00 and gave the stock a “positive” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $102.35.

onsemi Stock Performance

ON stock opened at $90.65 on Friday. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The business has a 50-day moving average price of $110.67 and a 200 day moving average price of $78.83. The company has a market capitalization of $35.53 billion, a P/E ratio of 64.29, a PEG ratio of 0.81 and a beta of 1.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14.

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

Insider Transactions at onsemi

In related news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction that occurred on Thursday, April 23rd. The shares were 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 $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by insiders.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: The Synaptics deal is onsemi’s largest acquisition ever, and the market is worried about valuation, integration risk, and whether the benefits will justify the price. The $7 Billion Reason ON Semiconductor Stock Is Down Today
• Negative Sentiment: Because the transaction is all stock, existing shareholders face dilution, and some analysts said the deal adds complexity to an already complicated business model. ON Semi tanks 20% following Synaptics deal as CEO defends core business
• Neutral Sentiment: Management says the acquisition expands onsemi’s addressable market, strengthens its edge-AI and connectivity portfolio, and should be accretive to non-GAAP EPS within about 18 months if synergies are realized. onsemi to Acquire Synaptics to Enable the Next Generation of Intelligent Systems for Physical AI
• Neutral Sentiment: Separately, onsemi recently updated Q2 2026 guidance with EPS and revenue ranges that were roughly in line to slightly below expectations, which may be adding to investor caution. Why Is ON Semiconductor Stock Falling On Friday?

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.