NewEdge Wealth LLC lifted its position in onsemi (NASDAQ:ON – Free Report) by 115.2% in the 4th quarter, Holdings Channel reports. The fund owned 8,651 shares of the semiconductor company’s stock after buying an additional 4,631 shares during the period. NewEdge Wealth LLC’s holdings in onsemi were worth $468,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Cromwell Holdings LLC lifted its stake in onsemi by 17.4% in the fourth quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 194 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of onsemi by 9.3% in the fourth quarter. Westside Investment Management Inc. now owns 2,360 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 200 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of onsemi by 4.9% in the third quarter. Versant Capital Management Inc now owns 4,264 shares of the semiconductor company’s stock valued at $210,000 after purchasing an additional 201 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of onsemi by 4.1% in the third quarter. UMB Bank n.a. now owns 5,334 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 211 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of onsemi by 1.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 11,475 shares of the semiconductor company’s stock valued at $673,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.
onsemi Price Performance
NASDAQ:ON opened at $113.11 on Friday. onsemi has a one year low of $40.62 and a one year high of $119.10. The company has a market cap of $44.33 billion, a P/E ratio of 80.22, a P/E/G ratio of 1.01 and a beta of 1.94. The firm’s fifty day moving average price is $77.03 and its two-hundred day moving average price is $64.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14.
Trending Headlines about onsemi
Here are the key news stories impacting onsemi this week:
- Positive Sentiment: Vadzo Imaging launched a new 8MP Wi‑Fi day/night camera built on onsemi’s HyperLux AR0821 sensor, highlighting continued adoption of onsemi imaging technology in smart-camera and edge-vision applications.
- Positive Sentiment: onsemi received a new $100 price target from Cantor Fitzgerald, which can reinforce the market’s view that the company still has meaningful upside potential after its recent earnings beat.
- Neutral Sentiment: Commentary around onsemi’s Q1 earnings noted strong revenue and EPS beats, plus improving demand signals in AI data centers and early stabilization in automotive, which supports the longer-term bullish case but was already known to the market.
- Negative Sentiment: A broader tech selloff tied to inflation fears and higher Treasury yields likely weighed on semiconductor stocks, including onsemi, as investors rotated away from high-beta growth names.
- Negative Sentiment: Media coverage also noted that onsemi and peers were trading lower in sympathy with the weaker semiconductor tape, suggesting sector-wide pressure rather than company-specific disappointment.
Insider Buying and Selling at onsemi
In other onsemi news, CFO Trent Thad sold 30,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the transaction, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the transaction, the insider owned 173,943 shares in the company, valued at approximately $10,205,235.81. This represents a 3.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 66,114 shares of company stock worth $5,548,708. Corporate insiders own 0.35% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Rosenblatt Securities lifted their price objective on shares of onsemi from $60.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Citigroup upped their price target on shares of onsemi from $68.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a research report on Wednesday, April 29th. Morgan Stanley upped their price target on shares of onsemi from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Finally, Evercore reaffirmed an “outperform” rating on shares of onsemi in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $88.81.
Check Out Our Latest Report on ON
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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