Empowered Funds LLC Purchases 214,292 Shares of onsemi $ON

Empowered Funds LLC lifted its position in shares of onsemi (NASDAQ:ON) by 814.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,614 shares of the semiconductor company’s stock after purchasing an additional 214,292 shares during the quarter. Empowered Funds LLC’s holdings in onsemi were worth $14,899,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ON. Quantinno Capital Management LP raised its holdings in onsemi by 13.3% during the first quarter. Quantinno Capital Management LP now owns 788,484 shares of the semiconductor company’s stock worth $48,823,000 after buying an additional 92,309 shares during the last quarter. Delta Global Management LP acquired a new position in shares of onsemi during the first quarter valued at about $7,198,000. OMERS ADMINISTRATION Corp increased its position in shares of onsemi by 97.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 30,402 shares of the semiconductor company’s stock worth $1,882,000 after acquiring an additional 14,983 shares in the last quarter. Callodine Capital Management LP increased its position in shares of onsemi by 166.3% during the first quarter. Callodine Capital Management LP now owns 330,730 shares of the semiconductor company’s stock worth $20,479,000 after acquiring an additional 206,530 shares in the last quarter. Finally, Lombard Odier Asset Management Switzerland SA raised its holdings in shares of onsemi by 14.2% in the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 96,273 shares of the semiconductor company’s stock worth $5,961,000 after acquiring an additional 11,975 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Investor commentary continues to identify onsemi as a potential beneficiary of long-term artificial-intelligence infrastructure and “physical AI” trends, including demand for power-management and sensing chips. This supports the company’s longer-term growth narrative. Why ON Semiconductor May Be the Better AI Infrastructure Stock
• Positive Sentiment: Vadzo selected onsemi’s AR0521 image sensor for a driver-monitoring system camera designed to capture both driver-facing and road-facing video in commercial fleets. The design win could provide incremental visibility for onsemi’s automotive sensing business, although financial impact was not disclosed. Vadzo Positions Onsemi AR0521 as a Driver Monitoring System Camera
• Neutral Sentiment: Analysts and investors are focused on onsemi’s upcoming second-quarter 2026 earnings report and operating metrics beyond revenue and EPS. The company previously reported quarterly revenue of $1.51 billion and EPS of $0.64, while issuing second-quarter EPS guidance of $0.65 to $0.77. Exploring Analyst Estimates for ON Semiconductor Q2 Earnings
• Negative Sentiment: onsemi was swept lower with other semiconductor stocks as investors grew more concerned about Chinese competition, elevated AI-related chip valuations and whether hyperscalers’ heavy infrastructure spending can remain sustainable. These concerns are weighing on expectations for future demand, even as recent industry results have been strong. Semiconductor Shares Plummet Amid China Competition and AI Demand Concerns

Wall Street Analyst Weigh In

ON has been the topic of several recent research reports. Roth Capital reaffirmed a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Zacks Research downgraded onsemi from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Bank of America raised their target price on onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. UBS Group reaffirmed a “neutral” rating and set a $95.00 target price on shares of onsemi in a research report on Monday, June 29th. Finally, Rosenblatt Securities upped their price target on onsemi from $60.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Fourteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $102.24.

onsemi Stock Down 6.6%

onsemi stock opened at $78.86 on Thursday. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92. The stock has a market cap of $30.91 billion, a PE ratio of 55.93, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01. The firm’s 50-day simple moving average is $106.20 and its 200 day simple moving average is $84.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87.

onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business 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. Research analysts predict that onsemi will post 3.09 EPS for the current fiscal year.

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.