University of Texas Texas AM Investment Management Co. Purchases 9,382 Shares of onsemi $ON

University of Texas Texas AM Investment Management Co. grew its position in shares of onsemi (NASDAQ:ON) by 1,365.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,069 shares of the semiconductor company’s stock after buying an additional 9,382 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in onsemi were worth $774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ON. Provenance Wealth Advisors LLC increased its holdings in onsemi by 3,318.2% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 376 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 365 shares during the last quarter. Ninety One UK Ltd purchased a new stake in onsemi during the third quarter valued at about $36,000. Ascentis Independent Advisors purchased a new stake in onsemi during the first quarter valued at about $36,000. Compass Financial Management LLC bought a new position in onsemi during the second quarter worth about $67,000. Finally, IFP Advisors Inc boosted its position in onsemi by 74.1% during the second quarter. IFP Advisors Inc now owns 1,327 shares of the semiconductor company’s stock worth $125,000 after purchasing an additional 565 shares during the period. Institutional investors own 97.70% of the company’s stock.

Insider Activity at onsemi

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the transaction, the insider owned 158,177 shares of the company’s stock, valued at approximately $12,654,160. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

onsemi Price Performance

Shares of NASDAQ ON opened at $63.31 on Monday. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The business has a 50-day simple moving average of $74.22 and a two-hundred day simple moving average of $82.16. The company has a quick ratio of 2.61, a current ratio of 3.55 and a debt-to-equity ratio of 0.49. The company has a market cap of $24.65 billion, a P/E ratio of 36.81, a P/E/G ratio of 0.51 and a beta of 2.11.

onsemi (NASDAQ:ON) last posted its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. onsemi had a return on equity of 15.53% and a net margin of 10.82%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts anticipate that onsemi will post 3.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of onsemi from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, October 5th. Wells Fargo & Company dropped their price target on shares of onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 3rd. Evercore cut their price objective on shares of onsemi from $137.00 to $90.00 in a report on Monday, November 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of onsemi in a research note on Wednesday. Finally, Craig Hallum upgraded shares of onsemi from a “hold” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $85.00 in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $95.03.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi’s AI data-center sales were reportedly up 175%, giving investors a fast-growing business line to watch as demand for AI infrastructure supports semiconductor suppliers. Article: Onsemi’s AI Data Center Sales Reportedly Grew 175%
• Neutral Sentiment: Analyst opinions are divided: Craig Hallum upgraded the stock and Truist maintained an optimistic outlook, while TD Cowen and Cantor Fitzgerald were more cautious. This mix may limit the impact of any one rating on the shares. Article: onsemi Rating Upgraded by Craig Hallum
• Negative Sentiment: Several firms have lowered price expectations, including Citigroup, B. Riley, Goldman Sachs and Mizuho, signaling continued concern about valuation or the near-term outlook. Article: onsemi Price Target Cut by Citigroup
• Negative Sentiment: onsemi has also been caught in a broader post-midterm selloff in AI-related semiconductor stocks, alongside Navitas and STMicroelectronics; the report cited no new company-specific news behind that sector pressure. Article: AI Chip Stocks Slide After Midterms

About onsemi

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.