Kerrisdale Advisers LLC Sells 22,615 Shares of onsemi $ON

Kerrisdale Advisers LLC reduced its position in shares of onsemi (NASDAQ:ON) by 60.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,595 shares of the semiconductor company’s stock after selling 22,615 shares during the period. Kerrisdale Advisers LLC’s holdings in onsemi were worth $1,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ON. Root Financial Partners LLC lifted its position 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 buying an additional 149 shares in the last quarter. DV Equities LLC purchased a new position in onsemi in the fourth quarter worth $30,000. SHP Wealth Management purchased a new stake in shares of onsemi during the 4th quarter valued at $32,000. Summit Securities Group LLC raised its stake in shares of onsemi by 346.3% during the 4th quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 464 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of onsemi in the 2nd quarter worth about $32,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

onsemi Stock Performance

NASDAQ ON opened at $72.61 on Monday. The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $87.66 and its two-hundred day simple moving average is $87.19. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The company has a market capitalization of $28.27 billion, a price-to-earnings ratio of 46.55, a PEG ratio of 0.60 and a beta of 2.03.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. onsemi’s revenue for the quarter was up 9.2% on a year-over-year basis. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Research analysts forecast that onsemi will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ON shares. Needham & Company LLC decreased their price target on shares of onsemi from $130.00 to $116.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. JPMorgan Chase & Co. increased 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. Citigroup lowered their price objective on onsemi from $120.00 to $98.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. UBS Group reiterated a “neutral” rating and issued a $95.00 target price on shares of onsemi in a research note on Monday, June 29th. Finally, Weiss Ratings upgraded shares of onsemi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $97.04.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Comparative coverage of onsemi and STMicroelectronics highlights onsemi’s exposure to EV power semiconductors, silicon-carbide momentum, design wins and manufacturing-capacity trends. These areas could support longer-term growth if EV adoption and automotive semiconductor demand improve. STM vs. ON: Which EV Semiconductor Stock Is More Compelling?
• Neutral Sentiment: onsemi presented at the Deutsche Bank 2026 Technology Conference, giving investors an opportunity to assess management’s outlook for automotive demand, EV-related growth, silicon-carbide adoption and capacity utilization. The supplied report does not identify a new earnings revision, major contract or change to formal guidance. ON Semiconductor Corporation Presents at Deutsche Bank 2026 Technology Conference
• Negative Sentiment: The stock’s decline reflects continued investor caution despite onsemi’s latest quarterly beat, including $0.74 in adjusted EPS on $1.60 billion in revenue. Shares remain below both major moving averages, suggesting weak technical momentum and skepticism about the pace of semiconductor-cycle recovery.
• Negative Sentiment: At roughly 46.6 times earnings, onsemi still carries a growth-oriented valuation while facing cyclical automotive and industrial demand risks. Investors may require clearer evidence that EV and silicon-carbide growth can offset near-term softness before assigning the stock a higher multiple.

onsemi Company 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.