Saudi Central Bank Has $2.60 Million Position in onsemi $ON

Saudi Central Bank increased its position in shares of onsemi (NASDAQ:ON) by 85.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,533 shares of the semiconductor company’s stock after buying an additional 12,681 shares during the quarter. Saudi Central Bank’s holdings in onsemi were worth $2,603,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Compass Financial Management LLC bought a new position in shares of onsemi during the 2nd quarter worth approximately $67,000. AlphaGrep UK Ltd bought a new stake in shares of onsemi in the second quarter worth $240,000. Three Seasons Wealth LLC acquired a new position in onsemi during the second quarter worth $842,000. Raiffeisen Bank International AG boosted its holdings in onsemi by 2.6% during the second quarter. Raiffeisen Bank International AG now owns 154,196 shares of the semiconductor company’s stock worth $13,657,000 after purchasing an additional 3,940 shares during the last quarter. Finally, Knollwood Investment Advisory LLC grew its position in onsemi by 36.6% in the second quarter. Knollwood Investment Advisory LLC now owns 20,873 shares of the semiconductor company’s stock valued at $1,973,000 after purchasing an additional 5,595 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Neutral Sentiment: The listed articles focused on unrelated companies and sectors, including insurance, hospitality, biotechnology, energy, and other semiconductor or technology firms. None reported new orders, acquisitions, guidance changes, analyst actions, or regulatory developments involving onsemi.
• Neutral Sentiment: Investors continue to have the company’s latest reported results as the primary fundamental reference: onsemi exceeded quarterly EPS and revenue expectations, with revenue increasing 9.2% year over year, and issued third-quarter 2026 EPS guidance of $0.81–$0.93.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Bank of America boosted 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. Zacks Research cut onsemi from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Mizuho dropped their target price on onsemi from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Rosenblatt Securities reissued a “neutral” rating and set a $85.00 price target on shares of onsemi in a research report on Tuesday, August 4th. Finally, Truist Financial set a $40.00 price target on onsemi in a research note on Wednesday, August 12th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, onsemi currently has an average rating of “Moderate Buy” and an average target price of $96.44.

onsemi Price Performance

NASDAQ:ON opened at $74.38 on Tuesday. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The firm has a market capitalization of $28.96 billion, a price-to-earnings ratio of 47.68, a P/E/G ratio of 0.61 and a beta of 2.00. The stock’s 50 day moving average price is $83.25 and its two-hundred day moving average price is $87.31. The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 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 company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, analysts anticipate that onsemi will post 3.23 earnings per share for the current year.

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.