onsemi $ON Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its stake in onsemi (NASDAQ:ON) by 3.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,753,874 shares of the semiconductor company’s stock after selling 68,931 shares during the quarter. First Trust Advisors LP’s holdings in onsemi were worth $108,600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. increased its position in shares of onsemi by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after buying an additional 877,533 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in onsemi by 8.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock valued at $360,828,000 after acquiring an additional 474,725 shares in the last quarter. Norges Bank acquired a new position in onsemi during the fourth quarter worth about $330,885,000. Rafferty Asset Management LLC lifted its holdings in shares of onsemi by 55.0% in the second 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 in the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of onsemi by 15.5% in the first quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock valued at $284,495,000 after purchasing an additional 615,905 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: Chip stocks were under pressure after a major peer posted a softer-than-expected outlook, which weighed on the whole semiconductor group and dragged onsemi lower with it.
• Negative Sentiment: Investor caution remains elevated ahead of onsemi’s next earnings report, scheduled for August 3, leaving the stock without an immediate near-term catalyst.
• Negative Sentiment: Ongoing concerns around onsemi’s planned all-stock Synaptics acquisition may also be contributing to sentiment, as the deal adds execution and integration risk.
• Neutral Sentiment: Recent commentary has noted that while onsemi has beaten earnings expectations in prior quarters, the market is currently focused more on industry weakness and the upcoming report than on prior results.

Analyst Ratings Changes

A number of research firms have recently weighed in on ON. Weiss Ratings reissued a “sell (d+)” rating on shares of onsemi in a report on Wednesday, April 29th. Wall Street Zen raised shares of onsemi from a “hold” rating to a “buy” rating in a research note on Monday, April 13th. B. Riley Financial lifted their target price on shares of onsemi from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Stifel Nicolaus boosted their price target on onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Finally, Robert W. Baird increased their price target on onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $102.24.

onsemi Price Performance

Shares of onsemi stock opened at $86.81 on Friday. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The stock has a market capitalization of $34.02 billion, a P/E ratio of 61.57, a PEG ratio of 0.99 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. The business’s fifty day moving average price is $107.67 and its 200 day moving average price is $83.95.

onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, beating 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 business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company posted $0.55 EPS. The company’s 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. As a group, research analysts anticipate that onsemi will post 3.09 earnings per share for the current year.

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.