onsemi $ON Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in shares of onsemi (NASDAQ:ON) by 52.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,785 shares of the semiconductor company’s stock after buying an additional 6,099 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in onsemi were worth $963,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Fisher Funds Management LTD grew its holdings in onsemi by 42.0% during the third quarter. Fisher Funds Management LTD now owns 87,729 shares of the semiconductor company’s stock worth $4,326,000 after acquiring an additional 25,949 shares during the period. Pictet Asset Management Holding SA grew its holdings in onsemi by 38.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock worth $215,624,000 after acquiring an additional 1,112,774 shares during the period. Quantbot Technologies LP grew its holdings in onsemi by 67.3% during the third quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company’s stock worth $4,642,000 after acquiring an additional 37,881 shares during the period. Rakuten Investment Management Inc. acquired a new position in onsemi during the third quarter worth about $5,327,000. Finally, M&G PLC grew its holdings in onsemi by 7.6% during the third quarter. M&G PLC now owns 2,647,003 shares of the semiconductor company’s stock worth $129,703,000 after acquiring an additional 187,899 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at onsemi

In related news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the transaction, the chief financial officer 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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of onsemi stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the completion of the transaction, the insider directly owned 173,943 shares in the company, valued at $10,205,235.81. This represents a 3.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 66,114 shares of company stock worth $5,548,708 in the last three months. 0.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on onsemi from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, January 16th. Truist Financial reaffirmed a “hold” rating and set a $101.00 target price (up from $66.00) on shares of onsemi in a report on Tuesday, May 5th. Cantor Fitzgerald lifted their target price on onsemi from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday. Mizuho lifted their target price on onsemi from $70.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, Morgan Stanley lifted their target price on onsemi from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $88.81.

onsemi Trading Up 11.1%

Shares of ON opened at $115.71 on Thursday. The business’s 50-day moving average price is $74.92 and its 200 day moving average price is $63.58. The stock has a market capitalization of $45.35 billion, a P/E ratio of 82.06, a P/E/G ratio of 0.93 and a beta of 1.94. onsemi has a 1-year low of $40.62 and a 1-year high of $115.99. 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 (NASDAQ:ON) last issued its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 12.79% and a net margin of 9.46%.onsemi’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Analysts expect that onsemi will post 3.09 earnings per share for the current year.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported Q1 results that topped Wall Street estimates and highlighted accelerating AI data center demand, improving automotive trends, and strong sequential growth in its power portfolio. onsemi’s Q1 Earnings Call: Our Top 5 Analyst Questions
• Positive Sentiment: Cantor Fitzgerald raised its price target on onsemi (ON) to $100 from $95, reinforcing a constructive view even though the firm kept a neutral rating. Benzinga report on Cantor Fitzgerald target raise
• Neutral Sentiment: Separately, onsemi is being mentioned in more technical and sector-driven commentary, including a report that chip stocks are retreating amid inflation jitters and pre-event positioning, suggesting part of the move may be market-wide rather than company-specific. onsemi slides as chip stocks retreat amid inflation jitters and pre-event positioning
• Negative Sentiment: Some recent analysis points to continued slowdown in silicon carbide and rising competition in CIS from Sony, which could cap enthusiasm if execution does not improve. onsemi is Facing a Continued Slowdown in SiC and Greater Competition in CIS from Sony

onsemi Company 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.