Patton Fund Management Inc. Makes New Investment in onsemi $ON

Patton Fund Management Inc. bought a new stake in onsemi (NASDAQ:ON) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 44,849 shares of the semiconductor company’s stock, valued at approximately $2,777,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CVA Family Office LLC raised its holdings in shares of onsemi by 83.7% during the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after buying an additional 215 shares in the last quarter. Root Financial Partners LLC boosted its stake in onsemi by 42.1% in the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 149 shares in the last quarter. DV Equities LLC acquired a new stake in onsemi in the fourth quarter valued at about $30,000. SHP Wealth Management bought a new position in onsemi in the fourth quarter valued at about $32,000. Finally, Summit Securities Group LLC grew its position in onsemi by 346.3% in the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 464 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ON shares. Wells Fargo & Company increased their target price on shares of onsemi from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Rosenblatt Securities lifted their price target on shares of onsemi from $60.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Barclays upped their price objective on shares of onsemi from $75.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Needham & Company LLC increased their price objective on shares of onsemi from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Finally, UBS Group set a $110.00 target price on shares of onsemi in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.35.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: The Synaptics deal is onsemi’s largest acquisition ever, and the market is worried about valuation, integration risk, and whether the benefits will justify the price. The $7 Billion Reason ON Semiconductor Stock Is Down Today
• Negative Sentiment: Because the transaction is all stock, existing shareholders face dilution, and some analysts said the deal adds complexity to an already complicated business model. ON Semi tanks 20% following Synaptics deal as CEO defends core business
• Neutral Sentiment: Management says the acquisition expands onsemi’s addressable market, strengthens its edge-AI and connectivity portfolio, and should be accretive to non-GAAP EPS within about 18 months if synergies are realized. onsemi to Acquire Synaptics to Enable the Next Generation of Intelligent Systems for Physical AI
• Neutral Sentiment: Separately, onsemi recently updated Q2 2026 guidance with EPS and revenue ranges that were roughly in line to slightly below expectations, which may be adding to investor caution. Why Is ON Semiconductor Stock Falling On Friday?

onsemi Price Performance

onsemi stock opened at $90.65 on Monday. The stock has a 50-day moving average price of $110.67 and a two-hundred day moving average price of $78.99. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. The company has a market capitalization of $35.53 billion, a PE ratio of 64.29, a P/E/G ratio of 0.81 and a beta of 1.97. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41.

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

Insider Buying and Selling

In other onsemi news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction that occurred 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 directly owned 301,194 shares of the company’s stock, valued at $28,011,042. The trade was a 9.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 corporate insiders.

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.