Bellwether Advisors LLC Makes New $1.44 Million Investment in onsemi $ON

Bellwether Advisors LLC purchased a new stake in onsemi (NASDAQ:ON) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,180 shares of the semiconductor company’s stock, valued at approximately $1,435,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of onsemi during the fourth quarter valued at approximately $330,885,000. Two Sigma Investments LP lifted its holdings in shares of onsemi by 636.1% in the 3rd quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock worth $184,900,000 after purchasing an additional 3,240,375 shares in the last quarter. Rafferty Asset Management LLC grew its position in onsemi by 55.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after purchasing an additional 2,072,125 shares during the period. Marshall Wace LLP grew its position in onsemi by 23,784.8% in the 4th quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company’s stock valued at $92,928,000 after purchasing an additional 1,708,937 shares during the period. Finally, Alliancebernstein L.P. increased its stake in onsemi by 312.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock valued at $105,401,000 after purchasing an additional 1,523,866 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi disclosed $110,000 of Q2 lobbying tied to AI data center power use, CHIPS Act issues, tax policy, and national-security-related technologies, underscoring its exposure to long-term semiconductor demand themes.
• Positive Sentiment: Analysts remain constructive overall, with recent price targets ranging from $107 to $150 and a median near $115, suggesting Wall Street still sees meaningful upside from current levels.
• Neutral Sentiment: Pomerantz LLP opened an investigation into claims on behalf of ON investors. This may create some headline risk, but it is an early-stage legal development rather than a formal enforcement action.
• Neutral Sentiment: Recent insider sales and mixed hedge fund positioning may temper enthusiasm, but these signals are not new and appear to be outweighed today by broader interest in the stock.

onsemi Stock Up 5.0%

onsemi stock opened at $91.06 on Wednesday. The firm has a 50 day simple moving average of $109.23 and a 200 day simple moving average of $83.43. 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 has a 1-year low of $44.56 and a 1-year high of $134.92. The firm has a market capitalization of $35.69 billion, a price-to-earnings ratio of 64.58, a P/E/G ratio of 0.77 and a beta of 2.01.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ON shares. Roth Capital reiterated a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Truist Financial reissued a “hold” rating and issued a $101.00 price target (up from $66.00) on shares of onsemi in a research report on Tuesday, May 5th. UBS Group restated a “neutral” rating and set a $95.00 price objective on shares of onsemi in a research note on Monday, June 29th. Wall Street Zen raised shares of onsemi from a “hold” rating to a “buy” rating in a report on Monday, April 13th. Finally, Cantor Fitzgerald upped their target price on shares of onsemi from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, onsemi has an average rating of “Hold” and an average target price of $102.24.

Insiders Place Their Bets

In other news, CFO Trent Thad sold 30,000 shares of the company’s 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 sale, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by insiders.

About onsemi

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.