United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of onsemi (NASDAQ:ON – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 143,485 shares of the semiconductor company’s stock, valued at approximately $7,770,000.
Other large investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC boosted its stake in onsemi by 83.7% during the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 215 shares during the last quarter. Darwin Wealth Management LLC bought a new position in onsemi during the 2nd quarter valued at $32,000. Close Asset Management Ltd bought a new position in onsemi during the 3rd quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in onsemi by 41.4% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 816 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 239 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in onsemi during the 4th quarter valued at $47,000. 97.70% of the stock is currently owned by institutional investors.
onsemi Trading Down 2.5%
onsemi stock opened at $120.62 on Friday. The firm’s 50-day moving average is $88.44 and its 200-day moving average is $69.03. 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 has a 1 year low of $41.49 and a 1 year high of $129.13. The company has a market cap of $47.27 billion, a P/E ratio of 85.55, a PEG ratio of 1.10 and a beta of 1.94.
Insider Transactions at onsemi
In other news, CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction dated 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 approximately $28,011,042. This trade represents a 9.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was 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. The trade was 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 90 days, insiders sold 66,114 shares of company stock worth $5,548,708. Insiders own 0.35% of the company’s stock.
Trending Headlines about onsemi
Here are the key news stories impacting onsemi this week:
- Positive Sentiment: Recent analyst coverage has stayed constructive, with Mizuho raising its price target on onsemi to $150 and maintaining an outperform rating, implying meaningful upside from current levels.
- Positive Sentiment: Several recent articles highlighted onsemi as a potential beneficiary of the AI and power-management semiconductor cycle, with commentary pointing to improving gross margins and stronger utilization from its Fab Right strategy.
- Positive Sentiment: A new leveraged ETF launch tied to onsemi also signals rising trading interest and broader speculation around the name.
- Neutral Sentiment: Onsemi’s latest earnings were solid, with revenue and EPS both slightly ahead of expectations and Q2 guidance calling for continued growth, but the report is not fresh enough to be the day’s main stock-moving event.
- Neutral Sentiment: A short-interest update showed essentially no meaningful short interest, so the move does not appear to be driven by a squeeze or bearish positioning change.
- Neutral Sentiment: Recent stock commentary from third-party outlets has been largely thematic, focusing on AI semiconductor demand rather than a new fundamental development at onsemi.
Wall Street Analyst Weigh In
ON has been the topic of a number of research analyst reports. Craig Hallum reiterated a “hold” rating on shares of onsemi in a research note on Tuesday, February 10th. Wall Street Zen upgraded shares of onsemi from a “hold” rating to a “buy” rating in a research note on Monday, April 13th. Citigroup increased their price objective on shares of onsemi from $68.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. TD Cowen increased their price objective on shares of onsemi from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Roth Mkm reiterated a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, onsemi currently has an average rating of “Moderate Buy” and a consensus target price of $92.00.
onsemi Company 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.
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