On Semiconductor (ON) — Smart Money Tracker (13F, Q2 2026)

ON ranks #459 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

1028 institutions disclose a position in ON, but none treat it as a major bet — even Jericho Capital Asset Management L.P., its most concentrated holder, allocates just 3.8% of its own portfolio to it.

Optiver Holding B.V. has added to its ON position for two straight quarters, increasing it by $2.9B to reach $9.9B today.

Slate Path Capital LP has trimmed its ON position for two straight quarters, cutting it by $447.5M while still holding $120.0M.

ON is up 2% today, and institutions have been net buyers of $3.4B this quarter — today's price move and the underlying institutional flow are pointing the same direction.

ON posted net income of $630.2M over the trailing twelve months, and currently trades at a P/E of 48.4.

• Profitable — net income of $630.2M over the trailing twelve months
• Revenue declined 7.0% year over year
• Net income declined year over year, from $633.7M to $630.2M
• Generated $1.8B in positive operating cash flow
• Current ratio of 4.52x — enough short-term assets to cover short-term liabilities
• Liabilities run 0.63x equity — within a conventional range