Healthcare of Ontario Pension Plan Trust Fund Sells 895,149 Shares of onsemi $ON

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of onsemi (NASDAQ:ON) by 35.7% during the first quarter, Holdings Channel.com reports. The firm owned 1,614,757 shares of the semiconductor company’s stock after selling 895,149 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in onsemi were worth $99,986,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in onsemi during the 4th quarter worth $330,885,000. Two Sigma Investments LP grew its position in shares of onsemi by 636.1% in the 3rd quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock valued at $184,900,000 after buying an additional 3,240,375 shares during the last quarter. Rafferty Asset Management LLC increased its stake in shares of onsemi by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after buying an additional 2,072,125 shares during the period. Marshall Wace LLP increased its stake in shares of onsemi by 23,784.8% in the fourth quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company’s stock valued at $92,928,000 after buying an additional 1,708,937 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of onsemi by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after acquiring an additional 1,523,866 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

onsemi Stock Performance

NASDAQ:ON opened at $86.81 on Friday. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The company has a fifty day moving average of $107.67 and a 200-day moving average of $83.95. The firm has a market capitalization of $34.02 billion, a P/E ratio of 61.57, a P/E/G ratio of 0.99 and a beta of 2.01.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the business posted $0.55 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, sell-side analysts anticipate that onsemi will post 3.09 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on ON. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a research note on Wednesday, April 29th. Citigroup increased their target price on shares of onsemi from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Jefferies Financial Group boosted their price target on shares of onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Finally, Rosenblatt Securities lifted their target price on shares of onsemi from $60.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $102.24.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: Chip stocks were under pressure after a major peer posted a softer-than-expected outlook, which weighed on the whole semiconductor group and dragged onsemi lower with it.
• Negative Sentiment: Investor caution remains elevated ahead of onsemi’s next earnings report, scheduled for August 3, leaving the stock without an immediate near-term catalyst.
• Negative Sentiment: Ongoing concerns around onsemi’s planned all-stock Synaptics acquisition may also be contributing to sentiment, as the deal adds execution and integration risk.
• Neutral Sentiment: Recent commentary has noted that while onsemi has beaten earnings expectations in prior quarters, the market is currently focused more on industry weakness and the upcoming report than on prior results.

onsemi 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.