Bank of New York Mellon Corp Sells 45,868 Shares of onsemi $ON

Bank of New York Mellon Corp cut its stake in onsemi (NASDAQ:ON) by 1.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,419,386 shares of the semiconductor company’s stock after selling 45,868 shares during the quarter. Bank of New York Mellon Corp’s holdings in onsemi were worth $149,808,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ON. AQR Capital Management LLC increased 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 valued at $4,863,000 after buying an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake 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 position in shares of onsemi in the 2nd quarter worth approximately $201,000. Cresset Asset Management LLC grew its holdings in shares of onsemi by 24.8% in the second quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock valued at $531,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of onsemi by 108.0% in the second quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock valued at $1,659,000 after acquiring an additional 16,435 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

ON has been the subject of a number of recent analyst reports. Cantor Fitzgerald upped their price objective on onsemi from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, June 29th. Mizuho lowered their target price on onsemi from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 1st. Jefferies Financial Group boosted their price target on shares of onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wells Fargo & Company increased their price target on shares of onsemi from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $102.64.

Insider Transactions at onsemi

In other news, CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.35% of the company’s stock.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Investors are focusing on AI-related upside: onsemi was featured in articles highlighting semiconductor stocks positioned to benefit from surging AI demand, and a separate piece said the company is making a large strategic bet on AI by pursuing Synaptics as a natural expansion into “physical AI.” This keeps the long-term growth story intact.
• Positive Sentiment: onsemi confirmed it will report second-quarter 2026 results after the market close on August 3, which could act as a near-term catalyst if results or guidance surprise to the upside.
• Neutral Sentiment: Analyst sentiment remains mixed but generally constructive, with recent coverage pointing to a “Hold” consensus and some articles arguing the stock may be fully valued after its strong multiyear run.
• Negative Sentiment: Another market wrap noted ON Semiconductor stock fell in the latest session, suggesting traders may be taking profits or rotating out of the name after a big run.
• Negative Sentiment: A PR Newswire item reported that Pomerantz LLP is investigating claims on behalf of onsemi investors, which can create an overhang even if no wrongdoing has been established.

onsemi Stock Performance

NASDAQ:ON opened at $87.37 on Monday. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The stock’s fifty day moving average price is $109.90 and its two-hundred day moving average price is $82.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14. The company has a market cap of $34.24 billion, a P/E ratio of 61.96, a P/E/G ratio of 0.78 and a beta of 2.01.

onsemi (NASDAQ:ON) last posted its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share 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 during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. The company’s quarterly 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, analysts expect that onsemi will post 3.1 EPS for the current 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.