ProShare Advisors LLC Acquires 16,120 Shares of onsemi $ON

ProShare Advisors LLC boosted its holdings in shares of onsemi (NASDAQ:ON) by 16.0% during the third quarter, HoldingsChannel.com reports. The firm owned 116,779 shares of the semiconductor company’s stock after purchasing an additional 16,120 shares during the period. ProShare Advisors LLC’s holdings in onsemi were worth $8,977,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ON. Janus Henderson Group PLC grew its holdings in onsemi by 10.9% in the first quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock valued at $848,392,000 after purchasing an additional 1,345,894 shares during the period. Van ECK Associates Corp lifted its position in shares of onsemi by 16.6% during the 2nd quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock valued at $486,252,000 after buying an additional 731,540 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of onsemi by 74.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,807,808 shares of the semiconductor company’s stock valued at $265,450,000 after buying an additional 1,201,534 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of onsemi by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,442,177 shares of the semiconductor company’s stock valued at $212,997,000 after buying an additional 207,587 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in onsemi by 5.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,544,424 shares of the semiconductor company’s stock valued at $95,631,000 after acquiring an additional 85,433 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday. Robert W. Baird increased their price objective on shares of onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Evercore dropped their target price on shares of onsemi from $137.00 to $90.00 in a research report on Monday. Citigroup cut their target price on shares of onsemi from $120.00 to $98.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Finally, Seaport Research Partners assumed coverage on shares of onsemi in a research report on Tuesday, September 22nd. They set a “buy” rating and a $100.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, onsemi has a consensus rating of “Moderate Buy” and a consensus target price of $95.66.

Insider Activity

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the sale, the insider owned 158,177 shares of the company’s stock, valued at $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a 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. 0.35% of the stock is owned by insiders.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Q3 results topped expectations: Adjusted EPS was $0.90 versus $0.88 consensus, while revenue rose 11.1% year over year to about $1.72 billion. Free cash flow increased 31% to $489 million. onsemi Q3 results
• Positive Sentiment: AI growth is a key catalyst: AI data-center revenue surged 175% year over year. Management expects that business to double in 2027 and raised its 2030 target by $500 million to more than $3 billion. Q3 earnings call highlights
• Positive Sentiment: Q4 outlook exceeded expectations: Adjusted EPS guidance of $0.95–$1.07 puts the midpoint above the roughly $0.96 consensus; revenue guidance of $1.7–$1.8 billion also brackets consensus near $1.7 billion. Q4 guidance and earnings
• Positive Sentiment: Ferric acquisition expands AI power-delivery prospects: onsemi agreed to acquire Ferric for $600 million in cash, with up to $175 million in additional milestone payments. The integrated-voltage-regulator technology is intended for next-generation AI processors; onsemi says the deal could support long-term growth and margins. Ferric acquisition announcement
• Neutral Sentiment: Analyst views are mixed: Craig Hallum upgraded ON to Buy, while several firms maintained Hold or Neutral ratings. Goldman Sachs rating
• Negative Sentiment: Some analysts cut price targets after the results, including Evercore ISI ($137 to $90), Goldman Sachs ($95 to $85) and Mizuho ($95 to $87), tempering the bullish earnings and AI news. The Ferric deal also brings execution and integration risks, as well as a substantial cash commitment. Evercore ISI price target

onsemi Stock Performance

Shares of NASDAQ:ON opened at $72.60 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49. The business’s 50 day moving average price is $74.68 and its 200-day moving average price is $82.08. The firm has a market capitalization of $28.26 billion, a PE ratio of 42.21, a P/E/G ratio of 0.58 and a beta of 2.11. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92.

onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. onsemi had a return on equity of 15.61% and a net margin of 10.82%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. As a group, equities research analysts expect that onsemi will post 3.21 earnings per share for the current fiscal 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.