Bank of New York Mellon Corp Cuts Position in onsemi $ON

Bank of New York Mellon Corp lessened its position in shares of onsemi (NASDAQ:ON) by 24.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,465,254 shares of the semiconductor company’s stock after selling 778,203 shares during the quarter. Bank of New York Mellon Corp’s holdings in onsemi were worth $133,494,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC lifted its stake in shares of onsemi by 41.8% in the 4th quarter. Natixis Advisors LLC now owns 339,867 shares of the semiconductor company’s stock valued at $18,404,000 after purchasing an additional 100,214 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of onsemi by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 149 shares during the last quarter. One Capital Management LLC lifted its stake in shares of onsemi by 36.9% during the 4th quarter. One Capital Management LLC now owns 38,009 shares of the semiconductor company’s stock worth $2,058,000 after acquiring an additional 10,252 shares during the last quarter. MUFG Securities EMEA plc lifted its stake in shares of onsemi by 110.7% during the 4th quarter. MUFG Securities EMEA plc now owns 16,496 shares of the semiconductor company’s stock worth $893,000 after acquiring an additional 8,668 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc lifted its stake in shares of onsemi by 3.8% during the 4th quarter. Guinness Atkinson Asset Management Inc now owns 12,873 shares of the semiconductor company’s stock worth $695,000 after acquiring an additional 477 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Sudhir Gopalswamy sold 6,114 shares of onsemi stock in a transaction on 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 directly owned 173,943 shares in the company, valued at approximately $10,205,235.81. This trade represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the completion of the transaction, the chief financial officer owned 301,194 shares in the company, valued at $28,011,042. This represents a 9.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 66,114 shares of company stock worth $5,548,708 over the last quarter. Company insiders own 0.35% of the company’s stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: 247WallSt highlighted onsemi as a potential “big tech stock” for 2026, pointing to its sharp recovery and room for further upside. Prediction: ON Semiconductor Could Be 2026’s Big Tech Stock
• Positive Sentiment: Zacks said onsemi is gaining traction in renewable energy infrastructure, citing silicon-carbide technology, energy storage, microgrids, and new design wins tied to AI-driven power demand. How onsemi Is Winning in Renewable Energy Infrastructure
• Positive Sentiment: Recent commentary on sector positioning continues to frame ON as a beneficiary of demand tied to electrification and power efficiency, which supports the bull case for earnings growth.
• Neutral Sentiment: The company also presented at the Bank of America 2026 Global Technology Conference, which generally signals ongoing investor outreach but did not include a new material announcement. ON Semiconductor Corporation (ON) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Quantum-computing stocks sold off sharply today after sector-specific pressure, reinforcing a risk-off tone across high-beta tech names that may be weighing on sentiment for semiconductor stocks like onsemi.

onsemi Trading Down 11.0%

Shares of NASDAQ:ON opened at $117.26 on Friday. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The business’s fifty day simple moving average is $95.02 and its 200-day simple moving average is $71.76. The company has a market capitalization of $45.95 billion, a PE ratio of 83.16, a P/E/G ratio of 1.04 and a beta of 1.97. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41.

onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) 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 business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business posted $0.55 EPS. The business’s revenue 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, equities research analysts predict that onsemi will post 3.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ON. Needham & Company LLC raised their price target on onsemi from $72.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. KeyCorp lifted their target price on onsemi from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Rosenblatt Securities lifted their target price on onsemi from $60.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Finally, Susquehanna lifted their target price on onsemi from $100.00 to $120.00 and gave the company a “positive” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

onsemi 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.