775,058 Shares of onsemi $ON Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of onsemi (NASDAQ:ON) during the third quarter, HoldingsChannel reports. The institutional investor bought 775,058 shares of the semiconductor company’s stock, valued at approximately $59,579,000.

Several other hedge funds also recently modified their holdings of ON. Kestra Private Wealth Services LLC lifted its stake in onsemi by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company’s stock valued at $282,000 after buying an additional 125 shares during the period. Apollon Wealth Management LLC boosted its holdings in onsemi by 1.8% during the first quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock worth $441,000 after buying an additional 127 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of onsemi by 2.7% during the 1st quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock worth $368,000 after buying an additional 157 shares during the period. Compound Planning Inc. grew its position in shares of onsemi by 3.9% during the 1st quarter. Compound Planning Inc. now owns 4,733 shares of the semiconductor company’s stock worth $293,000 after buying an additional 179 shares during the period. Finally, Root Financial Partners LLC grew its position in shares of onsemi by 39.4% during the 1st quarter. Root Financial Partners LLC now owns 701 shares of the semiconductor company’s stock worth $43,000 after buying an additional 198 shares during the period. Institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

ON has been the subject of a number of recent analyst reports. Cantor Fitzgerald lowered their price objective on shares of onsemi from $110.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, September 17th. Zacks Research lowered onsemi from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $62.00 target price on shares of onsemi in a research note on Wednesday, August 12th. Stonex Financia upgraded onsemi to a “strong-buy” rating in a report on Wednesday, October 14th. Finally, B. Riley Financial dropped their price target on onsemi from $127.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, onsemi currently has a consensus rating of “Moderate Buy” and an average price target of $92.68.

Insiders Place Their Bets

In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $80.00, for a total value of $1,246,240.00. Following the transaction, the insider directly owned 158,177 shares of the company’s stock, valued at $12,654,160. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

onsemi Price Performance

onsemi stock opened at $71.67 on Monday. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The company has a fifty day simple moving average of $74.75 and a 200 day simple moving average of $81.96. The company has a market cap of $27.90 billion, a P/E ratio of 45.94, a price-to-earnings-growth ratio of 0.59 and a beta of 2.11.

onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. Research analysts anticipate that onsemi will post 3.21 earnings per share for the current fiscal year.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Analysts expect third-quarter results to benefit from growth in AI data-center applications, improving automotive demand and increased energy-related investment. These themes could support revenue growth and strengthen the long-term outlook. Onsemi to Report Q3 Earnings: What’s in Store for the Stock?
• Positive Sentiment: Reports that onsemi is in discussions to acquire AI power-chip startup Ferric for approximately $1 billion suggest the company is seeking to expand its position in high-growth power-management and AI hardware markets. The deal could add strategic capabilities, although no transaction has been confirmed. Onsemi reportedly in talks to buy AI power-chip startup Ferric
• Neutral Sentiment: onsemi’s image sensors are being incorporated into new aerial-inspection and embedded-vision camera products, providing additional evidence of design activity in UAV and industrial applications. However, the announcements do not disclose material revenue or order commitments. Vadzo Imaging Positions Falcon-234MGS
• Negative Sentiment: Investors remain cautious because the anticipated earnings benefit from AI and other end markets may be offset by cost pressures. A roughly $1 billion acquisition, if completed, could also raise execution, integration and capital-allocation risks. Onsemi to Report Q3 Earnings: What’s in Store for the Stock?

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.