ON Semiconductor (ON)


Market Price (11/3/2026): $71.52 | Market Cap: $27.8 BilInvestor Relations Sector: Information Technology | Industry: Semiconductors

ON Semiconductor (ON)


Market Price (11/3/2026): $71.52
Market Cap: $27.8 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%

Attractive yield
FCF Yield is 5.5%

Stock buyback support
Stock Buyback 3Y Total is 3.1 Bil

Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, and Automation & Robotics. Themes include EV Manufacturing, Autonomous Driving Technology, Show more.

Weak multi-year price returns
2Y Excs Rtn is -32%, 3Y Excs Rtn is -98%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.2%

Key risks
ON key risks include [1] weakening demand in its core automotive and industrial markets, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
1 Attractive yield
FCF Yield is 5.5%
2 Stock buyback support
Stock Buyback 3Y Total is 3.1 Bil
3 Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, and Automation & Robotics. Themes include EV Manufacturing, Autonomous Driving Technology, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -32%, 3Y Excs Rtn is -98%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.1%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.2%
6 Key risks
ON key risks include [1] weakening demand in its core automotive and industrial markets, Show more.

ON in ETFs

Weight = ON's share of each fund

SPY0.04%
VOO0.05%
IVV0.04%
VTI0.04%
ITOT0.04%
IWB0.04%
RSP0.20%
VTV0.11%
+34 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/2/2026

ON Semiconductor (ON) stock has lost about 15% since 7/31/2026 because of the following key factors:

1. Analyst Price Target Reductions.

Multiple analysts significantly cut their price targets for ON Semiconductor between August and October 2026. For example, Citigroup reduced its price target from $120 to $98 in early August 2026. In mid-September 2026, several firms, including Truist Securities, Stifel, Mizuho, Wells Fargo, and Cantor Fitzgerald, lowered their targets by varying amounts, with reductions ranging from $10 to $25 per share. Further cuts occurred in October, such as Susquehanna reducing its target from $150 to $120 and B. Riley Securities from $127 to $105.

2. Valuation Concerns and Post-Earnings Sell-off.

Prior to and following its fiscal Q3 2026 earnings (which ended October 2, 2026), ON Semiconductor was perceived as modestly overvalued. For instance, on November 1, 2026, GuruFocus indicated the stock was approximately 14.4% overvalued, trading at $71.67 against a GF Value of $62.64. Its trailing twelve-month price-to-earnings (P/E) ratio of 46.15x was considerably higher than its 5-year median P/E of 19.27x, suggesting elevated market expectations that potentially made the stock susceptible to a correction. Despite beating analyst expectations for both revenue and adjusted EPS in its Q3 2026 report on November 2, 2026, the stock still declined 6.6% in after-hours trading, indicating that the positive results may have already been priced in or were not sufficient to sustain its high valuation.

Show more
Updated on 11/2/2026

ON Semiconductor (ON) stock has lost about 15% since 7/31/2026 because of the following key factors:

1. Analyst Price Target Reductions.

Multiple analysts significantly cut their price targets for ON Semiconductor between August and October 2026. For example, Citigroup reduced its price target from $120 to $98 in early August 2026. In mid-September 2026, several firms, including Truist Securities, Stifel, Mizuho, Wells Fargo, and Cantor Fitzgerald, lowered their targets by varying amounts, with reductions ranging from $10 to $25 per share. Further cuts occurred in October, such as Susquehanna reducing its target from $150 to $120 and B. Riley Securities from $127 to $105.

2. Valuation Concerns and Post-Earnings Sell-off.

Prior to and following its fiscal Q3 2026 earnings (which ended October 2, 2026), ON Semiconductor was perceived as modestly overvalued. For instance, on November 1, 2026, GuruFocus indicated the stock was approximately 14.4% overvalued, trading at $71.67 against a GF Value of $62.64. Its trailing twelve-month price-to-earnings (P/E) ratio of 46.15x was considerably higher than its 5-year median P/E of 19.27x, suggesting elevated market expectations that potentially made the stock susceptible to a correction. Despite beating analyst expectations for both revenue and adjusted EPS in its Q3 2026 report on November 2, 2026, the stock still declined 6.6% in after-hours trading, indicating that the positive results may have already been priced in or were not sufficient to sustain its high valuation.

3. Insider Selling.

Significant insider selling activity was observed within the company. Notably, CFO Thad Trent sold over $10.5 million worth of shares within the last 24 months, including transactions during Q2 2026. Such substantial selling by a high-ranking executive can be interpreted by the market as a lack of confidence in the company's near-term prospects.

4. Broader Semiconductor Sector Volatility.

Despite a generally strong long-term outlook for the global semiconductor market, driven by advancements in AI infrastructure, the sector experienced notable short-term volatility. In October 2026, the Philadelphia semiconductor index, which tracks key industry players, dropped 11% even as the broader S&P 500 gained 4%, indicating a specific cooling or correction within the semiconductor industry that likely contributed to the decline in ON Semiconductor's stock.

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Stock Movement Drivers

Fundamental Drivers

The -14.1% change in ON stock from 7/31/2026 to 11/2/2026 was primarily driven by a -22.5% change in the company's P/E Multiple.
(LTM values as of)731202611022026Change
Stock Price ($)81.6170.11-14.1%
Change Contribution By: 
Total Revenues ($ Mil)6,0636,1982.2%
Net Income Margin (%)9.5%10.2%7.5%
P/E Multiple56.143.4-22.5%
Shares Outstanding (Mil)3943901.0%
Cumulative Contribution-14.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/2/2026
ReturnCorrelation
ON-14.1% 
Market (SPY)0.7%52.5%
Sector (XLK)-0.6%58.7%

Fundamental Drivers

The -30.5% change in ON stock from 4/30/2026 to 11/2/2026 was primarily driven by a -87.0% change in the company's P/E Multiple.
(LTM values as of)430202611022026Change
Stock Price ($)100.8170.11-30.5%
Change Contribution By: 
Total Revenues ($ Mil)5,9956,1983.4%
Net Income Margin (%)2.0%10.2%403.8%
P/E Multiple334.243.4-87.0%
Shares Outstanding (Mil)4013902.8%
Cumulative Contribution-30.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/2/2026
ReturnCorrelation
ON-30.5% 
Market (SPY)4.9%59.0%
Sector (XLK)9.4%67.4%

Fundamental Drivers

The 40.0% change in ON stock from 10/31/2025 to 11/2/2026 was primarily driven by a 39.7% change in the company's Net Income Margin (%).
(LTM values as of)1031202511022026Change
Stock Price ($)50.0870.1140.0%
Change Contribution By: 
Total Revenues ($ Mil)6,3996,198-3.1%
Net Income Margin (%)7.3%10.2%39.7%
P/E Multiple44.643.4-2.6%
Shares Outstanding (Mil)4153906.2%
Cumulative Contribution40.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/2/2026
ReturnCorrelation
ON40.0% 
Market (SPY)11.2%54.5%
Sector (XLK)16.3%61.1%

Fundamental Drivers

The 11.9% change in ON stock from 10/31/2023 to 11/2/2026 was primarily driven by a 257.7% change in the company's P/E Multiple.
(LTM values as of)1031202311022026Change
Stock Price ($)62.6470.1111.9%
Change Contribution By: 
Total Revenues ($ Mil)8,3386,198-25.7%
Net Income Margin (%)26.7%10.2%-61.9%
P/E Multiple12.143.4257.7%
Shares Outstanding (Mil)43139010.5%
Cumulative Contribution11.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/2/2026
ReturnCorrelation
ON11.9% 
Market (SPY)86.0%58.7%
Sector (XLK)116.2%62.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ON Return108%-8%34%-25%-14%29%114%
Peers Return24%-12%24%-10%7%50%95%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
ON Win Rate83%42%67%33%50%45% 
Peers Win Rate58%38%57%38%47%49% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
ON Max Drawdown-21%-34%-42%-27%-50%-50% 
Peers Max Drawdown-17%-29%-24%-29%-38%-34% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TXN, ADI, NXPI, MCHP, VSH. See ON Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/2/2026 (YTD)

How Low Can It Go

EventONS&P 500
2025 US Tariff Shock
  % Loss-42.5%-18.8%
  % Gain to Breakeven73.8%23.1%
  Time to Breakeven85 days79 days
2024 Yen Carry Trade Unwind
  % Loss-13.3%-7.8%
  % Gain to Breakeven15.4%8.5%
  Time to Breakeven12 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-37.4%-9.5%
  % Gain to Breakeven59.7%10.5%
  Time to Breakeven912 days24 days
2023 SVB Regional Banking Crisis
  % Loss-17.1%-6.7%
  % Gain to Breakeven20.6%7.1%
  Time to Breakeven20 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.2%-24.5%
  % Gain to Breakeven49.8%32.4%
  Time to Breakeven42 days427 days
2020 COVID-19 Crash
  % Loss-59.6%-33.7%
  % Gain to Breakeven147.3%50.9%
  Time to Breakeven119 days140 days

Compare to TXN, ADI, NXPI, MCHP, VSH

In The Past

ON Semiconductor's stock fell -42.5% during the 2025 US Tariff Shock. Such a loss loss requires a 73.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventONS&P 500
2025 US Tariff Shock
  % Loss-42.5%-18.8%
  % Gain to Breakeven73.8%23.1%
  Time to Breakeven85 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-37.4%-9.5%
  % Gain to Breakeven59.7%10.5%
  Time to Breakeven912 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.2%-24.5%
  % Gain to Breakeven49.8%32.4%
  Time to Breakeven42 days427 days
2020 COVID-19 Crash
  % Loss-59.6%-33.7%
  % Gain to Breakeven147.3%50.9%
  Time to Breakeven119 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.8%-19.2%
  % Gain to Breakeven26.3%23.8%
  Time to Breakeven21 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-30.2%-12.2%
  % Gain to Breakeven43.3%13.9%
  Time to Breakeven166 days62 days
2014-2016 Oil Price Collapse
  % Loss-28.9%-6.8%
  % Gain to Breakeven40.6%7.3%
  Time to Breakeven51 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-29.2%-17.9%
  % Gain to Breakeven41.3%21.8%
  Time to Breakeven111 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-25.2%-15.4%
  % Gain to Breakeven33.8%18.2%
  Time to Breakeven152 days125 days
2008-2009 Global Financial Crisis
  % Loss-71.6%-53.4%
  % Gain to Breakeven252.7%114.4%
  Time to Breakeven743 days1085 days

Compare to TXN, ADI, NXPI, MCHP, VSH

In The Past

ON Semiconductor's stock fell -42.5% during the 2025 US Tariff Shock. Such a loss loss requires a 73.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About ON Semiconductor (ON)

ON Semiconductor (ON) is a global provider of intelligent sensing and power solutions, playing a crucial role in enabling electrification and increasing efficiency across diverse industries. The company develops and supplies a wide range of semiconductor products designed for critical functions such as power switching and conversion, signal conditioning, circuit protection, and voltage regulation. These technologies are foundational to advancements in areas like electric vehicles, where they contribute to lighter designs and longer ranges, as well as fast-charging systems and sustainable energy solutions for solar, industrial power, and storage applications.

The company's offerings extend beyond core power management to include advanced sensing capabilities. ON Semiconductor designs and manufactures complementary metal oxide semiconductor (CMOS) image sensors, image signal processors, and specialized single photon detectors used in various imaging and detection applications. They also provide integrated power solutions, custom logic, and application-specific integrated circuits (ASICs), along with foundry and design services, serving a broad customer base that spans the automotive sector, sustainable energy markets, and various other industrial and government end-users globally.

AI Analysis | Feedback

Here are 1-3 brief analogies for ON Semiconductor:

  • Think of ON Semiconductor as the 'Intel Inside' for the intelligent power and advanced sensing systems found in electric vehicles and smart industrial equipment.
  • They are like the Bosch or Continental for the specialized chips that power electric vehicles and smart industrial systems.

AI Analysis | Feedback

  • Analog and Discrete Semiconductor Products: Components for power switching, signal conditioning, circuit protection, and voltage regulation functions.
  • Integrated Power Solutions: Integrated circuits designed for electrification in automotive, fast charging, and sustainable energy applications.
  • Advanced Logic and Application-Specific Integrated Circuits (ASICs): Specialized chips including advanced logic, application-specific standard products (ASSPs), and custom ASICs.
  • CMOS Image Sensors: Detectors that convert light into digital signals for various imaging applications.
  • Image Signal Processors: Chips that process raw data from image sensors to produce high-quality images.
  • Single Photon Detectors: Highly sensitive sensors, such as silicon photomultipliers, capable of detecting individual photons.
  • Actuator Drivers: Devices that control actuators for functions like autofocus and image stabilization.
  • Foundry and Design Services: Services offered for semiconductor manufacturing and custom chip design.

AI Analysis | Feedback

ON Semiconductor (symbol: ON) primarily sells its advanced semiconductor products and solutions to other companies (business-to-business or B2B) rather than directly to individual consumers.

Based on the company's public filings, no single customer accounted for more than 10% of its total revenue in recent years. This indicates that ON Semiconductor has a highly diversified customer base and does not rely on a few individually identifiable major customers. Therefore, specific customer company names cannot be listed as major customers.

However, based on the description of its intelligent sensing and power solutions, ON Semiconductor's products are integral to companies operating in the following key sectors:

  • Automotive Industry: This includes manufacturers of electric vehicles (EVs) and automotive systems that require ON's power technologies for electrification, lighter and longer-range vehicles, as well as image sensors and related solutions for advanced driver-assistance systems (ADAS) and other in-vehicle applications.
  • Industrial and Energy Sectors: Companies developing and deploying fast-charging systems, sustainable energy solutions (such as solar power systems, industrial power, and energy storage systems), and a broad range of other industrial applications utilize ON's analog, discrete, and integrated semiconductor products.
  • Government and Other Specialized Markets: ON Semiconductor also provides foundry and design services to government customers and develops specialized image sensors and related products for various end-users in diverse end-markets, potentially including medical, aerospace, and defense applications.

AI Analysis | Feedback

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Hassane El-Khoury, President and Chief Executive Officer

Hassane El-Khoury was appointed President, Chief Executive Officer, and a member of the board of directors of ON Semiconductor in December 2020. Prior to joining ON Semiconductor, he served as President, Chief Executive Officer, and a board member at Cypress Semiconductor until its acquisition by Infineon in April 2020. During his nearly 13 years at Cypress, he held various roles including business unit management, product development, applications engineering, and business development. As CEO of Cypress Semiconductor, he implemented a strategy that shifted the company's target markets, leading to growth in stock price, revenue, and cash flow. He began his career as a senior design engineer at Continental Automotive Systems.

Thad Trent, Executive Vice President and Chief Financial Officer

Thad Trent was appointed Executive Vice President and Chief Financial Officer of ON Semiconductor in February 2021. Before joining ON Semiconductor, he served as CFO at Cypress Semiconductor, where he was responsible for strategic planning, accounting, investor relations, tax, corporate development, and information technology. He held the CFO role at Cypress Semiconductor until its sale to Infineon in April 2020. Under his financial leadership at Cypress, revenue grew from $723 million to $2.5 billion, and the enterprise value increased fivefold. Mr. Trent and Mr. El-Khoury previously worked together at Cypress Semiconductor and have collaborated on the transformation of ON Semiconductor. His career, which began in 1992, includes various finance leadership roles at global public technology companies and startups, such as Wind River Systems and Wyle Electronics.

Sudhir Gopalswamy, Group President, Intelligent Sensing and Analog and Mixed-Signal Group

Sudhir Gopalswamy serves as the Group President for the Intelligent Sensing and Analog and Mixed-Signal Group at ON Semiconductor.

Simon Keeton, Group President, Power Solutions Group

Simon Keeton is the Group President of the Power Solutions Group at ON Semiconductor.

Dr. Wei-Chung Wang, Executive Vice President, Global Manufacturing and Operations

Dr. Wei-Chung Wang is the Executive Vice President of Global Manufacturing and Operations at ON Semiconductor. He previously served as the executive vice president of worldwide manufacturing and operations at Cypress Semiconductor. Prior to his time at Cypress, he was the senior vice president of operations at Fairchild Semiconductor, which is now part of ON Semiconductor.

AI Analysis | Feedback

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Key Risks to ON Semiconductor (ON)

  1. High Exposure to the Automotive Market and EV Slowdown: A significant portion of ON Semiconductor's revenue is derived from the automotive sector, particularly electric vehicles (EVs). A slowdown in the EV market, alongside elevated interest rates impacting consumer auto purchases and production cuts by automakers, directly affects the company's financial performance.
  2. Supply Chain Disruptions and Geopolitical Tensions: ON Semiconductor, like the broader semiconductor industry, relies on a complex global supply chain. Disruptions caused by geopolitical tensions (such as those between the U.S. and China), natural disasters, or pandemics can lead to increased costs and impact the company's ability to meet customer demand.
  3. Intense Competition and Technological Obsolescence: The semiconductor industry is highly competitive and characterized by rapid technological advancements. ON Semiconductor faces the ongoing challenge of needing to continuously innovate and invest in research and development to keep pace with evolving technologies (e.g., SiC and GaN) and to fend off increasing competition, including from new entrants and manufacturers in regions like China, which could lead to market share loss or pricing pressures.
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AI Analysis | Feedback

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ON Semiconductor (symbol: ON) operates in several significant addressable markets globally, driven by its focus on intelligent sensing and power solutions, particularly in the automotive and industrial sectors.

Overall Addressable Market

ON Semiconductor's total addressable market (TAM) was estimated at approximately $44 billion globally as of July 2025, with a projected compound annual growth rate (CAGR) of around 18%. The broader Technology sector, which includes semiconductors, is expected to reach $5.0 trillion globally by 2027.

Key Product and Service Addressable Markets

Intelligent Sensing Solutions

  • Smart/Intelligent Sensors Market: The global smart/intelligent sensors market was valued at approximately USD 72.6 billion in 2024 and is projected to grow to about USD 306.9 billion by 2035, at a CAGR of 14.0% from 2025 to 2035. Another estimate places the market at USD 74.4 billion in 2025, reaching USD 304 billion by 2036 with a CAGR of 14.3% from 2026 to 2036.
  • Image Sensors Market: The global image sensor market was estimated at USD 31.17 billion in 2024 and is projected to reach USD 49.82 billion by 2030, growing at a CAGR of 7.7% from 2025 to 2030. Another source valued the market at USD 32.09 billion in 2024, forecasting it to reach USD 72.03 billion by 2033, with a CAGR of 9.4% from 2025 to 2033.
  • Silicon Photomultiplier (SiPM) Market: The global silicon photomultiplier market was valued at USD 146.77 million in 2024 and is projected to reach USD 240.20 million by 2033, exhibiting a CAGR of 5.34% from 2025 to 2033.

Power Solutions

  • Power Supply Market (broader category): The global power supply market size was approximately USD 39.40 billion in 2024, growing to USD 41.85 billion in 2025, and is predicted to reach around USD 76.35 billion by 2035, with a CAGR of 6.2% from 2025 to 2035.
  • Analog Semiconductors Market: The global analog semiconductors market size was valued at USD 93.71 billion in 2025 and is projected to grow to USD 154.05 billion by 2034, exhibiting a CAGR of 4.82%. Another report indicates a market size of USD 102.3 billion in 2024, projected to grow to approximately USD 2,959.1 billion by 2034, at a CAGR of 6.4%.
  • Discrete Semiconductors Market: The global discrete semiconductor market size was valued at USD 30.02 billion in 2024 and is projected to reach USD 44.77 billion by 2033, exhibiting a CAGR of 4.31% during 2025-2033.

Automotive Electrification and Fast-Charging Systems

  • Vehicle Electrification Market: The global vehicle electrification market was estimated at USD 127.24 billion in 2024 and is projected to reach USD 465.84 billion by 2035, exhibiting a CAGR of 12.52% from 2025 to 2035. Another estimate puts the market at USD 89.26 billion in 2022, growing to USD 187.13 billion by 2030 with a CAGR of 9.9% from 2023 to 2030.
  • Electric Vehicle Fast-Charging System Market: The global electric vehicle fast-charging system market was valued at USD 4.27 billion in 2024. It is projected to reach USD 17.28 billion by 2033, growing at a CAGR of 16.8% during the forecast period (2025–2033).
  • Electric Vehicle Charging Infrastructure Market: The global electric vehicle charging infrastructure market size was estimated at USD 47.61 billion in 2025 and is predicted to surpass USD 492.59 billion by 2035, expanding at a CAGR of 26.32% from 2026 to 2035.

Sustainable Energy (Solar and Storage Systems)

  • Solar Energy Storage Market: The global solar energy storage market size was valued at USD 11.03 billion in 2024 and is poised to grow to USD 22.23 billion by 2033, growing at a CAGR of 8.1% during the forecast period (2026–2033).
  • Industrial and Commercial Solar Energy Storage Systems Market: The global industrial and commercial solar energy storage systems market size was US$10.69 billion in 2025 and is forecast to reach US$18.84 billion by 2032 with a CAGR of 8.6% during the forecast period 2026-2032.
  • Industrial Power System Market: The global industrial power system market size was valued at around USD 13.54 billion in 2025 and is projected to grow at a CAGR of more than 7.6%, reaching USD 28.17 billion by 2035.

AI Analysis | Feedback

ON Semiconductor (ON) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors: * **Automotive Electrification and Advanced Driver-Assistance Systems (ADAS)**: ON Semiconductor is strategically positioned to benefit from the ongoing electrification of the automotive industry, including the increasing adoption of electric vehicles (EVs) and hybrid-electric vehicles (HEVs). The company anticipates higher semiconductor content per vehicle in these segments. Additionally, growth in advanced driver-assistance systems (ADAS) requiring intelligent sensing solutions will contribute to revenue expansion. * **Expansion in Industrial Applications**: The industrial sector, encompassing sustainable energy grids, industrial automation, and electric vehicle (EV) charging infrastructure, represents a significant growth driver. ON Semiconductor's intelligent power and sensing solutions are critical components in these applications, supporting megatrends such as decarbonization and enhanced factory automation. * **Growth in AI Data Centers**: The burgeoning demand for power solutions in AI-driven data centers is a rapidly growing market for ON Semiconductor. The company is actively investing in and securing design wins for its silicon and silicon carbide (SiC) solutions to meet the increasing power requirements of current and next-generation AI platforms. * **Leadership in Silicon Carbide (SiC) Technology and Advanced Power Solutions**: ON Semiconductor's focus on and investment in silicon carbide (SiC) technology is a critical catalyst for future revenue growth, particularly in automotive electrification and industrial power applications. The company is also developing and ramping up new technologies such as vertical gallium nitride (vGaN) power semiconductors to enhance power density and efficiency.

AI Analysis | Feedback

Share Repurchases

  • ON Semiconductor authorized a new three-year, $6 billion share repurchase program set to begin on January 1, 2026, replacing a prior $3 billion authorization.
  • Under the previous authorization, ON Semiconductor repurchased $2.1 billion of its common stock over the last three years (ending December 31, 2025).
  • The company utilized approximately 100% of its free cash flow in 2025 for share repurchases.

Inbound Investments

  • The European Commission approved a €450 million (CZK 12 billion) direct grant from Czechia to support ON Semiconductor's €1.64 billion (CZK 39.6 billion) investment in a new integrated Silicon Carbide (SiC) manufacturing plant in the Czech Republic.
  • This investment, bolstered by European subsidies, aims to expand the company's European capacity for semiconductor output, particularly for SiC power devices used in electric vehicles and renewable energy.

Outbound Investments

  • ON Semiconductor acquired SWIR Vision Systems, a developer of image sensor technology, in July 2024 for an undisclosed amount.
  • In August 2021, ON Semiconductor acquired GT Advanced Technologies for $415 million, a strategic move to secure its internal supply of Silicon Carbide (SiC) boules.
  • The company acquired rights to Aura Semiconductor's Vcore power technologies and Qorvo's SiC JFET business in 2025 to enhance its power management portfolio.

Capital Expenditures

  • ON Semiconductor's capital expenditures averaged $820.5 million annually for fiscal years ending December 2021 to 2025, peaking at $1.539 billion in December 2023.
  • The primary focus of capital expenditures has been on intelligent power and sensing technologies, specifically for electric vehicles, industrial automation, and AI data centers, including investments in Silicon Carbide (SiC) production facilities.
  • The company's major investment cycle is largely complete, positioning it to benefit from improving market conditions and operating leverage as new technologies ramp.

Better Bets vs. ON Semiconductor (ON)

Peer Outperformance in Semiconductors

ON has outperformed 56% of its 54 Semiconductors peers over 5Y. Semiconductors ranks 6th of 12 industries in Information Technology by median 5Y return.
Share of Semiconductors constituents that ON has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
75%
of 64 industry peers · 40.0% return
3Y
33%
of 57 industry peers · 2.7% return
5Y
56%
of 54 industry peers · 22.7% return
No Semiconductors peer with a comparable growth profile has beaten ON by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Semiconductors is ON's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 10 18.4%110.0%198.4% FLEX 551% · TTMI 451% · JBL 333%
Technology Distributors 9 43.9%68.0%73.2% AVT 146% · SNX 117% · CNXN 94%
Semiconductor Materials & Equipment 28 37.3%61.0%45.7% AXTI 464% · LRCX 317% · KLAC 313%
Electronic Components 26 -0.6%66.1%34.6% CLS 2294% · BELFA 1195% · APH 329%
Communications Equipment 36 2.5%73.5%32.6% AAOI 695% · LITE 689% · ANET 434%
Semiconductors ← 55 0.0%44.4%7.7% MU 1107% · NVDA 669% · AVGO 555%
Electronic Equipment & Instruments 27 -4.1%24.7%3.5% PI 139% · OSIS 114% · MIR 70%
Internet Services & Infrastructure 6 1.5%45.7%-10.1% GDDY 73% · VRSN 39% · DOCN -3%
Technology Hardware, Storage & Peripherals 21 -3.4%85.5%-12.0% WDC 727% · SMCI 721% · DELL 693%
IT Consulting & Other Services 30 -24.8%-3.5%-25.0% APLD 269% · IBM 152% · ADEA 142%
Application Software 125 -15.8%-9.8%-54.8% PLTR 588% · FROG 159% · AGYS 148%
Systems Software 70 -12.3%22.2%-56.2% CRWD 261% · ZETA 243% · CVLT 145%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ONTXNADINXPIMCHPVSHMedian
NameON Semic.Texas In.Analog D.NXP Semi.Microchi.Vishay I. 
Mkt Price71.94306.98419.86261.0276.7025.86168.86
Mkt Cap28.1280.6204.165.841.63.553.7
Rev LTM6,19820,76613,88213,7985,1223,3199,998
Op Inc LTM1,1198,5384,9593,9408311102,529
FCF LTM1,5007,3184,9373,3331,111-72,417
FCF 3Y Avg1,2213,6223,8542,5671,289-1191,928
CFO LTM1,6729,8965,5453,8001,1983462,736
CFO 3Y Avg1,8487,6794,5663,2161,4242192,532

Growth & Margins

ONTXNADINXPIMCHPVSHMedian
NameON Semic.Texas In.Analog D.NXP Semi.Microchi.Vishay I. 
Rev Chg LTM-3.1%20.3%33.6%14.6%20.9%13.4%17.4%
Rev Chg 3Y Avg-9.2%5.6%5.4%2.0%-13.2%-1.6%0.2%
Rev Chg Q9.2%27.7%39.6%19.3%38.0%16.6%23.5%
QoQ Delta Rev Chg LTM2.2%6.7%9.0%4.6%8.7%4.0%5.7%
Op Inc Chg LTM-0.3%42.0%88.6%31.3%299.4%99.0%65.3%
Op Inc Chg 3Y Avg-22.4%6.6%19.0%3.7%55.6%-12.1%5.2%
Op Mgn LTM18.0%41.1%35.7%28.6%16.2%3.3%23.3%
Op Mgn 3Y Avg21.7%37.0%28.1%27.3%16.5%4.6%24.5%
QoQ Delta Op Mgn LTM0.5%3.0%2.8%1.2%5.0%0.9%2.0%
CFO/Rev LTM27.0%47.7%39.9%27.5%23.4%10.4%27.3%
CFO/Rev 3Y Avg27.3%42.4%40.4%24.7%25.6%6.9%26.4%
FCF/Rev LTM24.2%35.2%35.6%24.2%21.7%-0.2%24.2%
FCF/Rev 3Y Avg18.5%18.9%33.8%19.7%23.2%-3.9%19.3%

Valuation

ONTXNADINXPIMCHPVSHMedian
NameON Semic.Texas In.Analog D.NXP Semi.Microchi.Vishay I. 
Mkt Cap28.1280.6204.165.841.63.553.7
P/S4.513.514.74.88.11.16.4
P/Op Inc25.132.941.216.750.132.332.6
P/EBIT36.132.340.414.353.031.534.2
P/E44.639.449.320.487.0124.647.0
P/CFO16.828.436.817.334.710.222.8
Total Yield2.3%4.5%3.1%6.6%3.5%2.4%3.3%
Dividend Yield0.0%1.9%1.0%1.6%2.4%1.6%1.6%
FCF Yield 3Y Avg4.3%1.6%2.7%4.3%2.8%-4.8%2.7%
D/E0.20.00.00.20.10.30.1
Net D/E0.00.00.00.10.1-0.10.0

Returns

ONTXNADINXPIMCHPVSHMedian
NameON Semic.Texas In.Analog D.NXP Semi.Microchi.Vishay I. 
1M Rtn-15.3%5.0%0.6%7.1%-5.7%-32.3%-2.5%
3M Rtn-10.5%14.7%16.4%17.0%2.6%-26.7%8.6%
6M Rtn-29.5%10.9%6.4%-9.5%-18.6%-15.0%-12.3%
12M Rtn43.7%94.3%81.6%27.0%26.1%55.0%49.3%
3Y Rtn5.4%121.7%162.0%51.6%8.2%16.3%34.0%
1M Excs Rtn-12.8%7.4%3.0%9.5%-3.3%-29.9%-0.1%
3M Excs Rtn-8.4%11.3%13.3%12.9%-1.8%-30.7%4.8%
6M Excs Rtn-34.4%6.1%1.6%-14.3%-23.4%-19.8%-17.1%
12M Excs Rtn30.7%86.5%71.8%18.0%16.2%45.3%38.0%
3Y Excs Rtn-97.5%49.8%89.8%-30.2%-69.2%-62.2%-46.2%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Power Solutions Group (PSG)2,8053,3483,8803,4673,439
Analog and Mixed-Signal Group (AMG)2,2622,6093,0573,5822,400
Intelligent Sensing Group (ISG)9281,1251,3161,277901
Total5,9957,0828,2538,3266,740


Operating Income by Segment
$ Mil20132012201120102009
Standard Products Group228240177  
Application Products Group111111   
Unallocated amounts-54-276-173-124-84
System Solutions Group-66    
SANYO Semiconductor Products Group -92-159  
Automotive, Industrial, Medical and Mil-Aero Products Group  166  
Computing & Consumer Products Group  103  
Automotive & Power Group   8824
Computing & Consumer Products   10337
Digital & Mixed- Signal Products Group   12370
Standard Products   18495
Total218-16113374143


Price Behavior

Price Behavior
Market Price$70.11 
Market Cap ($ Bil)27.4 
First Trading Date05/02/2000 
Distance from 52W High-47.7% 
   50 Days200 Days
DMA Price$74.67$82.44
DMA Trenddownup
Distance from DMA-6.1%-15.0%
 3M1YR
Volatility52.1%62.6%
Downside Capture344.49260.94
Upside Capture312.38270.70
Correlation (S&P 500)59.6%52.5%
ON Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta3.363.262.503.482.662.17
Up Beta2.811.820.521.882.312.12
Down Beta2.173.133.134.012.802.05
Up Capture380%414%279%509%701%1676%
Bmk +ve Days12182862130427
Stock +ve Days11233463132375
Down Capture369%294%281%269%168%113%
Bmk -ve Days10253664121325
Stock -ve Days11203063118374

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ON
ON38.1%62.6%0.76-
Sector ETF (XLK)16.5%27.2%0.5361.0%
Equity (SPY)11.6%12.8%0.5754.4%
Gold (GLD)-2.3%28.6%-0.0924.4%
Commodities (DBC)43.1%20.9%1.60-7.0%
Real Estate (VNQ)11.0%13.7%0.50-0.7%
Bitcoin (BTCUSD)-28.8%43.6%-0.6620.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ON
ON8.7%56.0%0.36-
Sector ETF (XLK)17.9%26.1%0.6166.4%
Equity (SPY)12.0%17.1%0.5262.5%
Gold (GLD)16.5%19.0%0.6911.8%
Commodities (DBC)8.4%19.6%0.3111.0%
Real Estate (VNQ)1.1%18.9%-0.0533.8%
Bitcoin (BTCUSD)4.1%51.6%0.2627.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ON
ON19.5%52.5%0.55-
Sector ETF (XLK)23.3%25.2%0.8466.0%
Equity (SPY)15.2%17.9%0.7263.4%
Gold (GLD)11.6%16.5%0.578.5%
Commodities (DBC)7.8%18.1%0.3420.4%
Real Estate (VNQ)5.4%20.7%0.2239.8%
Bitcoin (BTCUSD)61.7%66.3%1.0120.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity30.4 Mil
Short Interest: % Change Since 93020261.4%
Average Daily Volume11.3 Mil
Days-to-Cover Short Interest2.7 days
Basic Shares Quantity390.3 Mil
Short % of Basic Shares7.8%

Earnings Returns History

Updated 11/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/3/20260.5%-0.8%-9.6%
5/4/20260.6%5.1%31.3%
2/9/2026-0.2%10.8%-8.6%
11/3/2025-4.3%-3.8%8.6%
8/4/2025-1.5%-1.8%-0.4%
5/5/20250.3%16.2%30.9%
2/10/20251.9%10.4%-8.9%
10/28/20243.4%-3.8%-2.0%
...
SUMMARY STATS   
# Positive161416
# Negative8108
Median Positive1.7%6.2%8.2%
Median Negative-1.6%-3.8%-7.4%
Max Positive6.4%16.2%31.3%
Max Negative-5.5%-11.9%-9.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/3/20260.5%-0.8%-9.6%
5/4/20260.6%5.1%31.3%
2/9/2026-0.2%10.8%-8.6%
11/3/2025-4.3%-3.8%8.6%
8/4/2025-1.5%-1.8%-0.4%
5/5/20250.3%16.2%30.9%
2/10/20251.9%10.4%-8.9%
10/28/20243.4%-3.8%-2.0%
7/29/2024-5.5%-11.9%-2.8%
4/29/2024-0.9%-1.6%0.3%
2/5/2024-1.6%4.3%0.0%
10/30/2023-4.1%1.4%9.6%
7/31/20230.3%-3.9%-9.4%
5/1/20231.1%2.8%6.7%
2/6/20236.4%5.0%3.4%
10/31/20220.5%6.6%22.4%
8/1/20223.0%5.8%8.3%
5/2/20221.6%-8.6%6.6%
2/7/20226.0%-5.8%-6.2%
11/1/20213.9%6.8%12.2%
8/2/20214.0%4.1%1.6%
5/3/2021-0.9%-1.5%4.8%
2/1/20210.4%8.4%8.1%
11/2/20202.8%13.0%18.9%
SUMMARY STATS   
# Positive161416
# Negative8108
Median Positive1.7%6.2%8.2%
Median Negative-1.6%-3.8%-7.4%
Max Positive6.4%16.2%31.3%
Max Negative-5.5%-11.9%-9.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/03/202610-Q
03/31/202605/04/202610-Q
12/31/202502/09/202610-K
09/30/202511/03/202510-Q
06/30/202508/04/202510-Q
03/31/202505/05/202510-Q
12/31/202402/10/202510-K
09/30/202410/28/202410-Q
06/30/202407/29/202410-Q
03/31/202404/29/202410-Q
12/31/202302/05/202410-K
09/30/202310/30/202310-Q
06/30/202307/31/202310-Q
03/31/202305/01/202310-Q
12/31/202202/06/202310-K
09/30/202210/31/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/03/202610-Q
03/31/202605/04/202610-Q
12/31/202502/09/202610-K
09/30/202511/03/202510-Q
06/30/202508/04/202510-Q
03/31/202505/05/202510-Q
12/31/202402/10/202510-K
09/30/202410/28/202410-Q
06/30/202407/29/202410-Q
03/31/202404/29/202410-Q
12/31/202302/05/202410-K
09/30/202310/30/202310-Q
06/30/202307/31/202310-Q
03/31/202305/01/202310-Q
12/31/202202/06/202310-K
09/30/202210/31/202210-Q
06/30/202208/01/202210-Q
03/31/202205/02/202210-Q
12/31/202102/14/202210-K
09/30/202111/01/202110-Q
06/30/202108/02/202110-Q
03/31/202105/03/202110-Q
12/31/202002/16/202110-K
09/30/202011/02/202010-Q
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201902/19/202010-K
09/30/201910/28/201910-Q

Recent Forward Guidance

Updated 11/2/2026

Latest: Q3 2026 Earnings Reported 11/2/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 RevenueReported1.72 Bil1.76 Bil1.81 Bil3.8% Higher NewGuidance: 1.70 Bil for Q3 2026
Q4 2026 Gross Margin (GAAP)Reported41.4%42.4%43.4%   
Q4 2026 Gross Margin (Non-GAAP)Reported41.5%42.5%43.5%   
Q4 2026 Operating Expenses (GAAP)Reported331.00 Mil338.50 Mil346.00 Mil   
Q4 2026 Operating Expenses (Non-GAAP)Reported303.00 Mil310.50 Mil318.00 Mil   
Q4 2026 Other Income and Expense (including interest), netReported -27.00 Mil    
Q4 2026 Diluted Earnings Per Share (GAAP)Reported0.880.9418.0% Higher NewGuidance: 0.87 for Q3 2026
Q4 2026 Diluted Earnings Per Share (Non-GAAP)Reported0.951.011.07   
Q4 2026 Diluted Shares Outstanding (GAAP)Reported 397.00 Mil    
Q4 2026 Diluted Shares Outstanding (Non-GAAP)Reported 392.00 Mil    
2030 AI Data Center Revenue TargetReported3.00 Bil3.00 Bil 20.0% RaisedGuidance: 2.50 Bil for 2030
2026 Projected Normalized Non-GAAP Effective Tax RateReported 15.0%    


Prior: Q2 2026 Earnings Reported 8/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 RevenueReported1.65 Bil1.70 Bil1.75 Bil7.3% Higher NewActual: 1.58 Bil for Q2 2026
Q3 2026 Gross ProfitCalculated660.00 Mil697.00 Mil735.00 Mil  Rev x Gross Margin
Q3 2026 Gross MarginReported40.0%41.0%42.0% 2.0%Higher NewActual: 39.0% for Q2 2026
Q3 2026 Operating ExpensesReported303.00 Mil310.50 Mil318.00 Mil0.3% Higher NewActual: 309.50 Mil for Q2 2026
Q3 2026 Diluted Earnings Per ShareReported0.810.870.9331.8% Higher NewActual: 0.66 for Q2 2026

Q1 2026 Earnings Reported 5/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 RevenueReported1.53 Bil1.58 Bil1.64 Bil6.7% Higher NewGuidance: 1.49 Bil for Q1 2026
Q2 2026 Gross MarginReported37.9%39.0%39.9% 0.6%Higher NewGuidance: 38.4% for Q1 2026
Q2 2026 Operating ExpensesReported302.00 Mil309.50 Mil317.00 Mil-25.3% Lower NewGuidance: 414.50 Mil for Q1 2026
Q2 2026 Diluted Earnings Per ShareReported0.60.660.72100.0% Higher NewGuidance: 0.33 for Q1 2026

Q4 2025 Earnings Reported 2/9/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 RevenueReported1.44 Bil1.49 Bil1.53 Bil-2.9% Lower NewGuidance: 1.53 Bil for Q4 2025
Q1 2026 Gross ProfitCalculated536.69 Mil570.24 Mil604.79 Mil  Rev x Gross Margin
Q1 2026 Gross MarginReported37.4%38.4%39.4% 0.4%Higher NewGuidance: 38.0% for Q4 2025
Q1 2026 Operating ExpensesReported407.00 Mil414.50 Mil422.00 Mil43.2% Higher NewGuidance: 289.50 Mil for Q4 2025
Q1 2026 Diluted Earnings Per ShareReported0.280.330.38-46.8% Lower NewGuidance: 0.62 for Q4 2025

Insider Activity

Updated 10/2/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gopalswamy, SudhirGroup President, AMG & ISGDirectSell1002202680.0015,5781,246,24012,654,160Form
2Thad, TrentExec VP & CFODirectSell4272026100.0030,0003,000,00027,119,400Form
3Thad, TrentExec VP & CFODirectSell427202693.0030,0002,790,00028,011,042Form
4Thad, TrentExec VP & CFODirectSell417202680.0030,0002,400,00026,495,520Form
5Gopalswamy, SudhirGroup President, AMG & ISGDirectSell316202658.676,114358,70810,205,236Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gopalswamy, SudhirGroup President, AMG & ISGDirectSell1002202680.0015,5781,246,24012,654,160Form
2Thad, TrentExec VP & CFODirectSell4272026100.0030,0003,000,00027,119,400Form
3Thad, TrentExec VP & CFODirectSell427202693.0030,0002,790,00028,011,042Form
4Thad, TrentExec VP & CFODirectSell417202680.0030,0002,400,00026,495,520Form
5Gopalswamy, SudhirGroup President, AMG & ISGDirectSell316202658.676,114358,70810,205,236Form
6Keeton, SimonGroup President, PSGDirectSell218202671.7548,8603,505,69914,277,866Form
7El-Khoury, HassaneCEO & PresidentDirectSell212202673.0220,0001,460,41474,160,563Form
8Thad, TrentExec VP & CFODirectSell212202671.2260,0004,272,97524,175,069Form
9Keeton, SimonGroup President, PSGDirectSell1208202555.7221,0001,170,05912,973,337Form
10Thad, TrentExec VP & CFODirectSell1204202555.0520,0001,100,97220,888,081Form

Investor Activity (13F)

Updated Nov 3, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Steelhead Partners LLC$126.1 Mil9.1%24Hold13F
Slate Path Capital LP$482.9 Mil7.2%44TRIM -25.6%13F
Silverback Asset Management LLC$29.1 Mil5.7%45Hold13F
Sachem Head Capital Management LP$120.4 Mil2.9%19New13F
Portman Square Capital LLP$6.0 Mil0.9%44ADD +186.8%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Sachem Head Capital Management LP$120.4 Mil2.9%19New13F
Portman Square Capital LLP$6.0 Mil0.9%44ADD +186.8%13F
Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
Analog Century Management LP$58.8 Mil2.9%24ExitedDec 31, 202513F
FIFTHDELTA Ltd$45.6 Mil9.6%10ExitedDec 31, 202513F
Talos Eurisko Asset Management LP$18.6 Mil3.3%24ExitedDec 31, 202513F
Benchstone Capital Management LP$10.5 Mil1.2%43ExitedDec 31, 202513F
Slate Path Capital LP$482.9 Mil7.2%44TRIM -25.6%Mar 31, 202613F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Slate Path Capital LP$482.9 Mil7.2%44TRIM -25.6%13F
Steelhead Partners LLC$126.1 Mil9.1%24Hold13F
Sachem Head Capital Management LP$120.4 Mil2.9%19New13F
Silverback Asset Management LLC$29.1 Mil5.7%45Hold13F
Portman Square Capital LLP$6.0 Mil0.9%44ADD +186.8%13F
Core Cache Last Updated: 11/2/2026