Procyon Advisors LLC Raises Stock Position in onsemi $ON

Procyon Advisors LLC lifted its holdings in onsemi (NASDAQ:ON) by 39.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,871 shares of the semiconductor company’s stock after acquiring an additional 10,694 shares during the period. Procyon Advisors LLC’s holdings in onsemi were worth $2,345,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ON. CVA Family Office LLC grew its position in shares of onsemi by 83.7% during the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 215 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of onsemi by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 149 shares in the last quarter. DV Equities LLC bought a new position in shares of onsemi during the 4th quarter valued at approximately $30,000. SHP Wealth Management purchased a new position in shares of onsemi in the fourth quarter valued at $32,000. Finally, Summit Securities Group LLC increased 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 worth $32,000 after purchasing an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Activity at onsemi

In other onsemi 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 transaction of $2,790,000.00. Following the completion of the sale, the chief financial officer owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. The trade was a 9.06% decrease in their position. The sale 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. Insiders own 0.35% of the company’s stock.

onsemi Trading Down 5.8%

ON opened at $90.37 on Tuesday. The stock’s fifty day moving average is $110.92 and its two-hundred day moving average is $81.94. The company has a market capitalization of $35.42 billion, a P/E ratio of 64.09, a PEG ratio of 0.85 and a beta of 2.01. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41.

onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 EPS 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. onsemi’s revenue for the quarter 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 forecast that onsemi will post 3.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ON shares. Susquehanna upped their price target on shares of onsemi from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on shares of onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. 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 research report on Tuesday, May 26th. Stifel Nicolaus increased their price target on shares of onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Finally, Wells Fargo & Company lifted their price target on onsemi from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.64.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: TD Cowen cut its price target on onsemi to $95 from $110 but kept a Buy rating, suggesting analysts still see some upside from current levels. Benzinga
• Positive Sentiment: The company’s recent restructuring efforts, including a plan to divest two manufacturing facilities under its “Fab Right” strategy, are being framed as long-term margin support rather than a near-term problem. Quiver Quantitative
• Neutral Sentiment: onsemi’s upcoming quarterly earnings remain a focus, with Wall Street expecting improved profitability, which could help sentiment if results meet or beat expectations. Barchart
• Negative Sentiment: The stock is being dragged by sector-wide risk aversion in semiconductors, with investors reassessing stretched AI valuations and rotating out of chip stocks. Quiver Quantitative
• Negative Sentiment: Sentiment may also be pressured by the recently announced all-stock acquisition of Synaptics, which adds execution and dilution concerns. Quiver Quantitative

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.