Handelsbanken Fonder AB Buys 214,706 Shares of onsemi $ON

Handelsbanken Fonder AB raised its stake in onsemi (NASDAQ:ON) by 27.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,000,694 shares of the semiconductor company’s stock after acquiring an additional 214,706 shares during the period. Handelsbanken Fonder AB’s holdings in onsemi were worth $54,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of ON. Two Sigma Investments LP boosted its holdings in 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 purchasing an additional 3,240,375 shares during the period. Rafferty Asset Management LLC boosted its holdings 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 purchasing an additional 2,072,125 shares during the period. Alliancebernstein L.P. raised its stake in shares of onsemi by 312.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock valued at $105,401,000 after buying an additional 1,523,866 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of onsemi by 53.3% in the 3rd quarter. Voloridge Investment Management LLC now owns 3,331,427 shares of the semiconductor company’s stock valued at $164,273,000 after buying an additional 1,157,962 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in shares of onsemi by 38.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock valued at $215,624,000 after buying an additional 1,112,774 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

onsemi Trading Down 3.1%

Shares of onsemi stock opened at $106.02 on Wednesday. The stock has a market capitalization of $41.55 billion, a P/E ratio of 75.19, a price-to-earnings-growth ratio of 0.97 and a beta of 1.94. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $78.98 and a 200 day simple moving average of $65.27. onsemi has a 12-month low of $40.62 and a 12-month high of $119.10.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ON shares. B. Riley Financial upgraded shares of onsemi from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Thursday, April 23rd. Susquehanna increased their price objective on shares of onsemi from $100.00 to $120.00 and gave the company a “positive” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Mizuho increased their price objective on shares of onsemi from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Cantor Fitzgerald increased their price objective on shares of onsemi from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen 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, onsemi has a consensus rating of “Hold” and a consensus price target of $89.19.

Insider Transactions at onsemi

In related news, CFO Trent Thad sold 30,000 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the completion of the sale, the chief financial officer owned 301,194 shares in the company, valued at $28,011,042. This trade represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 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 sale, the insider owned 173,943 shares of the company’s stock, valued at $10,205,235.81. This trade represents a 3.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 66,114 shares of company stock valued at $5,548,708 in the last quarter. 0.35% of the stock is currently owned by corporate insiders.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Mizuho raised its price target on onsemi to $130 from $120 and reiterated an Outperform rating, signaling continued confidence in the company’s outlook. Benzinga
• Positive Sentiment: Recent coverage highlighted onsemi’s strong multi-month share-price run and noted demand tailwinds from AI data centers and automotive applications, which continue to support the long-term growth story. Yahoo Finance
• Neutral Sentiment: The company’s recent earnings beat and raised guidance remain part of the backdrop, but they are being overshadowed today by macro and trade-related semiconductor concerns.

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.