onsemi $ON Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its stake in onsemi (NASDAQ:ON) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,758,998 shares of the semiconductor company’s stock after selling 77,804 shares during the quarter. Legal & General Group Plc’s holdings in onsemi were worth $149,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CVA Family Office LLC lifted its holdings in shares of onsemi by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 215 shares during the period. Darwin Wealth Management LLC purchased a new stake in onsemi in the 2nd quarter worth approximately $32,000. Close Asset Management Ltd purchased a new stake in onsemi in the 3rd quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in onsemi by 41.4% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 816 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 239 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in onsemi in the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Mizuho raised its price target on onsemi to $150 from $130 and kept an Outperform rating, signaling stronger upside expectations for the stock. Benzinga
• Positive Sentiment: New coverage highlighted onsemi’s improving gross margin profile, noting a third straight sequential gross margin gain to 38.5% as AI data center revenue grows and manufacturing utilization improves. Yahoo Finance
• Positive Sentiment: Tradr ETFs launched new leveraged ETFs tied to onsemi, which can increase trading attention and speculative interest in the name. PR Newswire
• Positive Sentiment: Articles today continued to frame onsemi as a beneficiary of rising AI infrastructure demand and high-voltage power architecture shifts, which supports the long-term growth narrative for analog and power semiconductor suppliers. MarketBeat
• Neutral Sentiment: onsemi was also cited in market commentary as one of the semiconductor stocks benefiting from Micron’s upbeat AI-related guidance, though this is more a sector sympathy move than company-specific news. MarketBeat
• Neutral Sentiment: Analyst sentiment remains constructive overall, with consensus coverage still indicating a moderate buy view on the stock. American Banking News

Insider Buying and Selling

In other news, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $58.67, for a total transaction of $358,708.38. Following the transaction, the insider owned 173,943 shares in the company, valued at $10,205,235.81. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Trent Thad sold 30,000 shares of the stock in a transaction that occurred 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 owned 301,194 shares in the company, valued at $28,011,042. This trade represents a 9.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 66,114 shares of company stock worth $5,548,708 in the last quarter. Insiders own 0.35% of the company’s stock.

onsemi Trading Down 0.9%

Shares of NASDAQ:ON opened at $123.77 on Friday. onsemi has a 1 year low of $41.49 and a 1 year high of $129.13. The firm has a market capitalization of $48.51 billion, a price-to-earnings ratio of 87.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14. The business’s 50 day moving average price is $87.24 and its 200-day moving average price is $68.66.

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, beating analysts’ consensus estimates of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted $0.55 EPS. The business’s revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, equities research analysts forecast that onsemi will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. B. Riley Financial upgraded onsemi from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Thursday, April 23rd. Mizuho upped their price objective on onsemi from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday. Susquehanna upped their price objective on onsemi from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Tuesday, May 5th. Needham & Company LLC upped their price objective on onsemi from $72.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of onsemi in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

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.