onsemi $ON Stake Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of onsemi (NASDAQ:ON) by 52.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,785 shares of the semiconductor company’s stock after purchasing an additional 6,099 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in onsemi were worth $963,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ON. Two Sigma Investments LP lifted its stake in onsemi by 636.1% during the third quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock worth $184,900,000 after purchasing an additional 3,240,375 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in onsemi by 55.0% during the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after purchasing an additional 2,072,125 shares during the last quarter. Alliancebernstein L.P. lifted its stake in onsemi by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after purchasing an additional 1,523,866 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in onsemi by 53.3% during the third quarter. Voloridge Investment Management LLC now owns 3,331,427 shares of the semiconductor company’s stock worth $164,273,000 after purchasing an additional 1,157,962 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in onsemi by 38.8% during the fourth 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 during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ON shares. Benchmark cut onsemi from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Wells Fargo & Company raised their price objective on onsemi from $90.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of onsemi in a research note on Wednesday, April 29th. B. Riley Financial upgraded onsemi from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Thursday, April 23rd. Finally, BNP Paribas Exane upgraded onsemi from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, onsemi has a consensus rating of “Hold” and an average price target of $88.81.

onsemi Stock Performance

ON stock opened at $115.71 on Thursday. 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 $45.35 billion, a price-to-earnings ratio of 82.06, a PEG ratio of 0.93 and a beta of 1.94. onsemi has a 1 year low of $40.62 and a 1 year high of $115.99. The stock’s fifty day moving average is $74.92 and its two-hundred day moving average is $63.58.

onsemi (NASDAQ:ON) last posted 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 company had revenue of $1.51 billion for 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 firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, research analysts predict that onsemi will post 3.09 EPS for the current year.

Insiders Place Their Bets

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

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported Q1 results that topped Wall Street estimates and highlighted accelerating AI data center demand, improving automotive trends, and strong sequential growth in its power portfolio. onsemi’s Q1 Earnings Call: Our Top 5 Analyst Questions
• Positive Sentiment: Cantor Fitzgerald raised its price target on onsemi (ON) to $100 from $95, reinforcing a constructive view even though the firm kept a neutral rating. Benzinga report on Cantor Fitzgerald target raise
• Neutral Sentiment: Separately, onsemi is being mentioned in more technical and sector-driven commentary, including a report that chip stocks are retreating amid inflation jitters and pre-event positioning, suggesting part of the move may be market-wide rather than company-specific. onsemi slides as chip stocks retreat amid inflation jitters and pre-event positioning
• Negative Sentiment: Some recent analysis points to continued slowdown in silicon carbide and rising competition in CIS from Sony, which could cap enthusiasm if execution does not improve. onsemi is Facing a Continued Slowdown in SiC and Greater Competition in CIS from Sony

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.