Guinness Asset Management LTD Sells 8,348 Shares of onsemi $ON

Guinness Asset Management LTD reduced its stake in shares of onsemi (NASDAQ:ON) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 142,708 shares of the semiconductor company’s stock after selling 8,348 shares during the period. Guinness Asset Management LTD’s holdings in onsemi were worth $7,709,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its holdings in onsemi by 38.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock worth $215,624,000 after purchasing an additional 1,112,774 shares in the last quarter. M&G PLC increased its holdings in onsemi by 7.6% during the 3rd quarter. M&G PLC now owns 2,647,003 shares of the semiconductor company’s stock worth $129,703,000 after purchasing an additional 187,899 shares in the last quarter. Quantbot Technologies LP increased its holdings in onsemi by 67.3% during the 3rd quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company’s stock worth $4,642,000 after purchasing an additional 37,881 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of onsemi in the third quarter valued at approximately $5,327,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of onsemi in the third quarter valued at approximately $1,134,000. 97.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler upped their target price on onsemi from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Cantor Fitzgerald upped their target price on onsemi from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a report on Wednesday, April 29th. Rosenblatt Securities upped their target price on onsemi from $60.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.19.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Recent analyst target hikes and constructive ratings have reinforced confidence in onsemi’s recovery story, especially around power semiconductors and AI/data-center demand. onsemi jumps 5.5% as recent analyst target hikes and upbeat post-earnings tone keep AI/power-semiconductor bid strong
• Positive Sentiment: Market commentary says onsemi looks like the clearer AI power-infrastructure play versus smaller peers, with expanding margins and rising data-center revenue supporting the stock. Navitas vs onsemi: Which Stock Wins the AI Power Infrastructure Race?
• Neutral Sentiment: Coverage from Yahoo Finance framed ON as a momentum stock that has risen strongly over the past week, reflecting renewed trader interest rather than a new company-specific catalyst. ON Semiconductor Corp. (ON) Is Up 9.60% in One Week: What You Should Know

Insider Buying and Selling at onsemi

In other onsemi news, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the transaction, the insider directly owned 173,943 shares of the company’s stock, valued at approximately $10,205,235.81. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Trent Thad sold 30,000 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the transaction, the chief financial officer directly owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 66,114 shares of company stock valued at $5,548,708. 0.35% of the stock is owned by corporate insiders.

onsemi Price Performance

Shares of NASDAQ ON opened at $116.20 on Friday. The stock has a fifty day simple moving average of $82.14 and a two-hundred day simple moving average of $66.46. onsemi has a 1-year low of $40.62 and a 1-year high of $119.10. The firm has a market cap of $45.54 billion, a price-to-earnings ratio of 82.41, a price-to-earnings-growth ratio of 0.98 and a beta of 1.94. 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 announced 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 during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company earned $0.55 earnings per share. onsemi’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. Analysts anticipate that onsemi will post 3.09 earnings per share for the current year.

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.