Nisa Investment Advisors LLC decreased its stake in onsemi (NASDAQ:ON – Free Report) by 20.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,325 shares of the semiconductor company’s stock after selling 7,654 shares during the quarter. Nisa Investment Advisors LLC’s holdings in onsemi were worth $2,254,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Engineers Gate Manager LP raised its stake in shares of onsemi by 570.3% during the second quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company’s stock valued at $28,776,000 after purchasing an additional 258,968 shares during the period. Baird Financial Group Inc. acquired a new position in shares of onsemi during the second quarter worth $680,000. Kornitzer Capital Management Inc. KS boosted its stake in shares of onsemi by 103.0% in the first quarter. Kornitzer Capital Management Inc. KS now owns 89,080 shares of the semiconductor company’s stock valued at $5,516,000 after purchasing an additional 45,200 shares during the period. Andra AP fonden purchased a new position in shares of onsemi in the second quarter valued at $2,704,000. Finally, Swiss National Bank boosted its stake in shares of onsemi by 5.4% in the first quarter. Swiss National Bank now owns 1,180,800 shares of the semiconductor company’s stock valued at $73,115,000 after purchasing an additional 60,200 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.
Wall Street Analysts Forecast Growth
ON has been the topic of several analyst reports. TD Cowen dropped their price target on shares of onsemi from $95.00 to $75.00 and set a “hold” rating on the stock in a research note on Monday, October 19th. Cantor Fitzgerald cut their price objective on shares of onsemi from $110.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, September 17th. Stonex Financia raised shares of onsemi to a “strong-buy” rating in a research report on Wednesday, October 14th. Weiss Ratings upgraded onsemi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $116.00 target price on shares of onsemi in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, onsemi presently has a consensus rating of “Moderate Buy” and an average price target of $92.68.
Check Out Our Latest Report on ON
onsemi News Summary
Here are the key news stories impacting onsemi this week:
- Positive Sentiment: onsemi’s silicon-carbide technology was selected by Sungrow for its PowerTitan 3.0 utility-scale energy-storage platform, supporting power-conversion systems of up to 450 kW. The win strengthens onsemi’s position in the growing battery-storage and power-efficiency markets. Can Analyst Optimism Change The Bull Case For ON Semiconductor
- Positive Sentiment: B. Riley maintained a “Buy” rating while lowering its price target from $127 to $105. Although the reduction signals more conservative expectations, the revised target still implies substantial upside from the stock’s referenced price. B. Riley Stock Recommendations
- Neutral Sentiment: Recent product announcements featuring onsemi image sensors, including the AR0521 and AR0234, indicate ongoing use of the company’s components in surveillance and pedestrian-safety cameras, but the releases do not provide material details on revenue or order size. Vadzo Imaging Positions Falcon-521CRS
- Negative Sentiment: Analyst target reductions—including B. Riley’s cut and a separate TD Cowen reduction—are weighing on sentiment by implying that the recovery outlook and near-term semiconductor demand may be weaker than previously expected. onsemi Stock Gets Price Target Reduction from TD Cowen
onsemi Stock Performance
onsemi stock opened at $72.25 on Friday. The stock has a market cap of $28.13 billion, a P/E ratio of 46.31, a price-to-earnings-growth ratio of 0.60 and a beta of 2.05. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $75.02 and a 200-day moving average of $90.13. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92.
onsemi (NASDAQ:ON – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, analysts expect that onsemi will post 3.21 EPS for the current fiscal year.
Insider Buying and Selling
In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of the stock in a transaction 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 transaction, the insider directly owned 158,177 shares in the company, valued at $12,654,160. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by company insiders.
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.
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