
What smart money is saying about ON Semiconductor Corporation
2 funds in our archive have pitched ON Semiconductor Corporation, most recently Heartland Advisors Mid Cap Value Fund in June 2026.
ON Semiconductor Corporation operates as a global provider of sophisticated power and sensing solutions. Their cutting-edge power innovations are pivotal in modernizing various sectors: they contribute to the development of lighter, extended-range electric vehicles, underpin rapid-charging infrastructure, and bolster sustainable energy initiatives for applications such as solar arrays, industrial power systems, and energy storage. The company's operations are structured into three main divisions: the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group. ON Semiconductor offers a broad array of semiconductor products, including analog components, discrete devices, modules, and integrated circuits. These products are designed to perform numerous critical functions, such as power switching, energy conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation. Beyond these standard offerings, the firm also designs and develops specialized analog, mixed-signal, advanced logic, application-specific integrated circuits (ASICs) and standard products, radio frequency (RF) components, and integrated power management solutions, catering to a diverse range of end-market consumers. Furthermore, it provides foundry and design services specifically for government clients. The company's portfolio also encompasses advanced imaging technologies. This includes the creation of complementary metal-oxide-semiconductor (CMOS) image sensors, sophisticated image signal processors, and single photon detectors like silicon photomultipliers (SiPMs) and single-photon avalanche diode (SPAD) arrays. Additionally, ON Semiconductor produces actuator drivers essential for autofocus and image stabilization, serving a wide spectrum of end-users across numerous industries. Established in 1992, ON Semiconductor Corporation is headquartered in Phoenix, Arizona.
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Position history
Between Q1 2026 and Q3 2026, 3 fund letters reported a position in ON Semiconductor Corporation, with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 0 |
| Q2 2026 | 0 | 0 | 0 | 1 |
| Q1 2026 | 1 | 1 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 3 positions · 1 move
- September 2026
“Cambiar’s overweight exposure to Technology added value from an allocation perspective but was overshadowed by below-benchmark performance for the period. At a stock level, ON Semiconductor and Lattice Semi each registered declines in the July rotation out of hardware names.”
ON Semiconductor Corporation - September 2026
“After representing the strongest sector by a wide margin in 2Q, Technology was again one of the leading sectors in the third quarter. Cambiar’s ongoing underweight was subsequently a relative performance headwind, compounded by pullbacks in Applied Materials and ON Semiconductor.”
ON Semiconductor Corporation - New positionCambiar Smid Cap fundMarch 2026
“We also made a swap within the Tech sector, selling IT services provider Amdocs in favor of ON Semiconductor. Amdocs has historically been more of a ‘defensive’ tech holding – falling behind in more frothy environments, such as 2025, but holding up well in the 2022 drawdowns. With the recent announcement of a CEO transition and fairly muted upside at current valuations, we sold Amdocs in favor of ON, which we view to offer a more attractive return profile.”
ON Semiconductor Corporation
Also mentioned · 1
These funds discuss ON Semiconductor Corporation as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedFPA Queens Road Small Cap Value FundJune 2026
“Synaptics develops chips for Internet of Things (IoT) and edge-processing applications and agreed to be acquired by ON Semiconductor (ON) in an all-stock transaction announced on June 25.”
ON Semiconductor Corporation
Fund coverage · 2 theses
ON Semiconductor is a power-management and image-sensing semiconductor company benefiting from silicon-carbide leadership, margin improvement, EV share gains, and AI datacenter tailwinds.
Read the full thesis- Cambiar SMID FundMarch 2026
ON Semiconductor makes power semiconductors and is seen as a cyclical recovery play with best-in-class management and a datacenter-driven catalyst.
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