Jag Capital Management LLC Takes Position in onsemi $ON

Jag Capital Management LLC bought a new position in shares of onsemi (NASDAQ:ON) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,188 shares of the semiconductor company’s stock, valued at approximately $445,000.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in onsemi by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after buying an additional 877,533 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in onsemi by 8.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock valued at $360,828,000 after buying an additional 474,725 shares in the last quarter. Norges Bank purchased a new position in onsemi in the fourth quarter valued at $330,885,000. Rafferty Asset Management LLC raised its position in shares of onsemi by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after acquiring an additional 2,072,125 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in shares of onsemi by 15.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock worth $284,495,000 after acquiring an additional 615,905 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

onsemi Stock Down 4.8%

onsemi stock opened at $88.12 on Friday. The stock’s fifty day simple moving average is $110.22 and its 200-day simple moving average is $82.70. 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 has a twelve month low of $44.56 and a twelve month high of $134.92. The firm has a market capitalization of $34.53 billion, a P/E ratio of 62.50, a P/E/G ratio of 0.82 and a beta of 2.01.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, equities analysts expect that onsemi will post 3.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ON has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Zacks Research downgraded shares of onsemi from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Mizuho dropped their target price on shares of onsemi from $150.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. Jefferies Financial Group boosted their target price on shares of onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Bank of America upped their price target on shares of onsemi from $115.00 to $138.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Fourteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $102.64.

Insider Activity

In other onsemi 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 transaction, the chief financial officer directly owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Analysts remain constructive on onsemi’s longer-term earnings outlook, with KeyCorp recently raising estimates for FY2026 and FY2027, suggesting confidence in the company’s growth trajectory and margin potential.
• Positive Sentiment: Recent commentary has highlighted onsemi’s exposure to higher-growth areas such as EV power management, image sensing, and AI datacenter demand, which supports the investment case.
• Neutral Sentiment: onsemi confirmed it will release Q2 2026 results after the market close on August 3 and host a conference call the same day, keeping attention focused on upcoming earnings rather than new operational news. onsemi to Announce Second Quarter Financial Results
• Neutral Sentiment: KeyCorp published updated earnings estimates for onsemi, lifting FY2027 EPS expectations well above the current-year consensus, which signals optimism but no immediate fundamental change. onsemi stock page
• Negative Sentiment: Pomerantz LLP announced an investor investigation into onsemi, which can create overhang and pressure the shares despite limited details so far. Investor Alert: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ON Semiconductor Corporation – ON

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.