Dockside LLC Takes $912,000 Position in onsemi $ON

Dockside LLC acquired a new stake in shares of onsemi (NASDAQ:ON) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,851 shares of the semiconductor company’s stock, valued at approximately $912,000.

Other hedge funds have also recently made changes to their positions in the company. M&G PLC raised its holdings in shares of onsemi by 7.6% during the third quarter. M&G PLC now owns 2,647,003 shares of the semiconductor company’s stock valued at $129,703,000 after purchasing an additional 187,899 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in onsemi by 38.8% during the fourth 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 during the last quarter. Quantbot Technologies LP increased its holdings in onsemi by 67.3% during the third quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company’s stock valued at $4,642,000 after buying an additional 37,881 shares during the last quarter. DNB Asset Management AS increased its holdings in onsemi by 30.9% during the third quarter. DNB Asset Management AS now owns 723,688 shares of the semiconductor company’s stock valued at $35,685,000 after buying an additional 170,635 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in onsemi during the third quarter valued at approximately $991,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on ON shares. Bank of America upped their target price on shares of onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Morgan Stanley upped their target price on shares of onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Citigroup upped their target price on shares of onsemi from $68.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Mizuho upped their target price on shares of onsemi from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, TD Cowen upped their target price on shares of onsemi from $80.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.96.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Coverage of onsemi’s new GaNEXUS power portfolio and Elite Pairing Studio suggests the company is strengthening its product suite for AI, EV, and industrial power applications. Does onsemi’s New GaNEXUS Toolkit Subtly Reframe Its Long-Term Power Leadership Story (ON)?
• Positive Sentiment: onsemi was highlighted as a trending stock and included in a broader semiconductor rally, which is likely supporting near-term buying interest. ON Semiconductor Corporation (ON) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Recent market commentary noted onsemi moving with other semiconductor names as the Nasdaq bounced, pointing to sector-driven momentum rather than a new fundamental catalyst. Penguin Solutions, onsemi, and Photronics Shares Skyrocket, What You Need To Know

onsemi Price Performance

Shares of NASDAQ:ON opened at $116.79 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. The firm has a fifty day moving average price of $100.65 and a 200 day moving average price of $74.41. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92. The firm has a market cap of $45.77 billion, a price-to-earnings ratio of 82.83, a P/E/G ratio of 1.04 and a beta of 1.97.

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

Insider Transactions at onsemi

In related 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 transaction of $2,790,000.00. Following the sale, the chief financial officer owned 301,194 shares of the company’s stock, valued at $28,011,042. This represents 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 through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by insiders.

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.