Kornitzer Capital Management Inc. KS Purchases 45,200 Shares of onsemi $ON

Kornitzer Capital Management Inc. KS increased its position in shares of onsemi (NASDAQ:ON) by 103.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,080 shares of the semiconductor company’s stock after purchasing an additional 45,200 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in onsemi were worth $5,516,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kestra Private Wealth Services LLC boosted its holdings in onsemi by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company’s stock worth $282,000 after buying an additional 125 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of onsemi by 1.8% in the first quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 127 shares during the period. Evexia Wealth LLC boosted its stake in shares of onsemi by 1.1% in the first quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company’s stock worth $825,000 after acquiring an additional 142 shares during the period. Root Financial Partners LLC grew its position in shares of onsemi by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 149 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of onsemi by 2.7% during the first quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock worth $368,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ON. Robert W. Baird boosted their price target on onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price objective on shares of onsemi from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Zacks Research cut shares of onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Needham & Company LLC boosted their target price on shares of onsemi from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Finally, B. Riley Financial upped their target price on shares of onsemi from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Thirteen analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.24.

onsemi Price Performance

Shares of NASDAQ:ON traded down $1.91 during mid-day trading on Friday, reaching $95.96. The stock had a trading volume of 6,035,404 shares, compared to its average volume of 13,406,922. The business’s 50 day moving average price is $111.13 and its 200 day moving average price is $81.51. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The company has a market cap of $37.61 billion, a P/E ratio of 68.06, a price-to-earnings-growth ratio of 0.85 and a beta of 2.01. 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 data on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the business earned $0.55 earnings per share. onsemi’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. Research analysts expect that onsemi will post 3.09 EPS for the current fiscal year.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Bank of America said onsemi’s planned Synaptics acquisition could create long-term strategic synergies, adding complementary compute assets to onsemi’s power, sensing and control businesses and supporting its edge AI strategy. Onsemi’s Synaptics acquisition could unlock long-term synergies, says Bank of America
• Positive Sentiment: Separate coverage noted that onsemi was added to several Russell growth benchmarks, including the Russell 1000 Growth, which can support demand from index funds and help offset near-term volatility. Is ON Semiconductor (ON) Fully Valued Following Index Inclusion And Its Synaptics Deal?
• Neutral Sentiment: New product-related coverage highlighted Vadzo Imaging’s validation of an onsemi AR0830 HyperLux camera module for Raspberry Pi 5, which is supportive of the company’s image-sensing technology but likely not a major near-term stock driver. Vadzo Imaging Validates Bolt-830CRS: Onsemi AR0830 HyperLux 8MP 4K HDR MIPI Camera for Raspberry Pi 5
• Negative Sentiment: On the cautionary side, Pomerantz Law Firm announced an investor investigation into onsemi, which can create headline risk even if it does not imply wrongdoing. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ON Semiconductor Corporation – ON

Insider Activity at onsemi

In related news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the completion of the transaction, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company’s stock.

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.