Janney Montgomery Scott LLC Acquires 7,377 Shares of onsemi $ON

Janney Montgomery Scott LLC grew its stake in shares of onsemi (NASDAQ:ON) by 5.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,570 shares of the semiconductor company’s stock after purchasing an additional 7,377 shares during the quarter. Janney Montgomery Scott LLC’s holdings in onsemi were worth $8,271,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in onsemi by 7.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after buying an additional 877,533 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in onsemi by 8.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock valued at $360,828,000 after buying an additional 474,725 shares in the last quarter. Norges Bank purchased a new stake in onsemi in the 4th quarter valued at about $330,885,000. Rafferty Asset Management LLC boosted its position in onsemi by 55.0% in the 2nd 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. Finally, Pictet Asset Management Holding SA grew its stake in onsemi by 15.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock worth $284,495,000 after acquiring an additional 615,905 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other onsemi news, CFO Trent Thad sold 30,000 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by corporate insiders.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target on onsemi to $110 from $100, keeping a Neutral rating but citing the durability of the AI infrastructure semiconductor cycle. Cantor Fitzgerald Raises Price Target on ON Semiconductor Corporation (ON)
• Positive Sentiment: Investor interest in onsemi remains elevated, with Zacks noting that users have been heavily searching for the stock, often a sign of increased attention ahead of a catalyst. Investors Heavily Search ON Semiconductor Corporation (ON)
• Neutral Sentiment: Kahn Swick & Foti said it is investigating the adequacy of price and process in onsemi’s proposed acquisition of Synaptics, adding legal uncertainty around the deal. Synaptics Investor Alert: Kahn Swick & Foti Investigates Adequacy of Price and Process in Proposed Sale of Synaptics Incorporated – SYNA
• Negative Sentiment: Pomerantz separately opened an investor investigation into onsemi following the Synaptics deal announcement, which may keep pressure on sentiment until the transaction is clarified. ON Semiconductor (ON) Stock Faces Investor Investigation After Synaptics Deal

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of onsemi from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price objective on onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. UBS Group restated a “neutral” rating and set a $95.00 price objective on shares of onsemi in a report on Monday. Jefferies Financial Group lifted their target price on onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, TD Cowen cut onsemi from a “buy” rating to a “hold” rating and set a $110.00 target price for the company. in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.19.

onsemi Stock Performance

NASDAQ:ON opened at $91.22 on Friday. The firm has a 50-day simple moving average of $111.39 and a 200-day simple moving average of $80.11. onsemi has a one year low of $44.56 and a one year high of $134.92. The firm has a market cap of $35.75 billion, a P/E ratio of 64.70, a P/E/G ratio of 0.81 and a beta of 2.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87.

onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Equities analysts anticipate that onsemi will post 3.09 EPS for the current fiscal year.

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.