Redwood Investment Management LLC Makes New $1.08 Million Investment in onsemi $ON

Redwood Investment Management LLC acquired a new stake in onsemi (NASDAQ:ON) during the first quarter, HoldingsChannel.com reports. The fund acquired 17,497 shares of the semiconductor company’s stock, valued at approximately $1,083,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC lifted its position 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 purchasing an additional 149 shares during the last quarter. DV Equities LLC purchased a new position in onsemi in the fourth quarter valued at $30,000. SHP Wealth Management purchased a new position in onsemi in the fourth quarter valued at $32,000. Summit Securities Group LLC raised its stake in onsemi by 346.3% in the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 464 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in onsemi in the second quarter valued at $32,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ON has been the subject of several analyst reports. Citigroup upped their price objective on onsemi from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Needham & Company LLC boosted their target price on onsemi from $110.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Jefferies Financial Group upped their price target on onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. UBS Group reiterated a “neutral” rating and issued a $95.00 price target on shares of onsemi in a research note on Monday, June 29th. Finally, Rosenblatt Securities raised their price objective on shares of onsemi from $60.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Fourteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $102.24.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Analysts remain moderately optimistic, with a median price target of $115, well above the recent trading level. Expectations are supported by improving auto and industrial demand, accelerating AI data-center revenue and potential benefits from onsemi’s planned Synaptics acquisition. Are Wall Street Analysts Predicting ON Semiconductor Stock Will Climb or Sink?
• Positive Sentiment: onsemi’s prior quarter exceeded consensus estimates for both earnings and revenue, while management projected second-quarter EPS of $0.65 to $0.77. Investors will look for continued evidence that the semiconductor cycle has moved beyond its trough. Polymarket Odds: Will PLTR, GRAB, ON Beat Earnings on Monday?
• Neutral Sentiment: The August 3 earnings release is the main immediate catalyst. Market-based expectations indicate uncertainty over whether onsemi will beat estimates, increasing the likelihood of volatility around the report. Polymarket Odds: Will PLTR, GRAB, ON Beat Earnings on Monday?
• Negative Sentiment: Investors remain concerned about weak electric-vehicle demand and onsemi’s elevated valuation, which leaves less room for disappointment if automotive orders or guidance soften. Should You Buy, Sell or Hold onsemi Stock Before Q2 Earnings?
• Negative Sentiment: Insider trading data show 12 open-market sales and no purchases among onsemi insiders over the past six months, including sales by the CEO and CFO. This may reinforce caution ahead of earnings, although insider sales can reflect compensation or portfolio-planning decisions. onsemi gains as chip stocks rebound and investors look ahead to Q2 results

onsemi Price Performance

ON opened at $81.61 on Monday. onsemi has a one year low of $44.56 and a one year high of $134.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. The stock has a market capitalization of $31.98 billion, a P/E ratio of 57.88, a price-to-earnings-growth ratio of 0.90 and a beta of 2.01. The business’s 50-day simple moving average is $105.00 and its 200-day simple moving average is $84.92.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. Analysts anticipate that onsemi will post 3.09 EPS for the current year.

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.