ProShare Advisors LLC Has $7.78 Million Stock Position in onsemi $ON

ProShare Advisors LLC decreased its stake in shares of onsemi (NASDAQ:ON) by 75.1% during the 4th quarter, Holdings Channel reports. The firm owned 143,641 shares of the semiconductor company’s stock after selling 434,081 shares during the period. ProShare Advisors LLC’s holdings in onsemi were worth $7,778,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Two Sigma Investments LP boosted its stake in shares of onsemi by 636.1% during the 3rd quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock worth $184,900,000 after acquiring an additional 3,240,375 shares during the period. Rafferty Asset Management LLC grew its position 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 buying an additional 2,072,125 shares in the last quarter. Alliancebernstein L.P. grew its position 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 buying an additional 1,523,866 shares in the last quarter. Voloridge Investment Management LLC grew its position 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 buying an additional 1,157,962 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its position 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 buying an additional 1,112,774 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insiders Place Their Bets

In other news, insider Sudhir Gopalswamy sold 6,114 shares of the business’s 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 owned 173,943 shares of the company’s stock, valued at approximately $10,205,235.81. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was 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 $28,011,042. This trade represents a 9.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 66,114 shares of company stock valued at $5,548,708 in the last three months. 0.35% of the stock is owned by insiders.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Analyst-style commentary says onsemi looks better positioned than Navitas for AI power infrastructure because its margins are improving and data-center revenue is rising. Navitas vs onsemi: Which Stock Wins the AI Power Infrastructure Race?
• Positive Sentiment: Separate coverage says ON is gaining ground in China’s EV market, where its silicon-carbide products are being used in more vehicles and future EV platforms, supporting long-term growth expectations. ON Gains Ground in China EV Market: What Does it Mean for Investors?

onsemi Price Performance

onsemi stock opened at $109.61 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. onsemi has a 52 week low of $40.62 and a 52 week high of $119.10. The stock has a market capitalization of $42.96 billion, a P/E ratio of 77.74, a price-to-earnings-growth ratio of 0.98 and a beta of 1.94. The stock has a fifty day moving average of $81.00 and a 200-day moving average of $66.11.

onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. onsemi’s revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, sell-side analysts expect that onsemi will post 3.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ON. Piper Sandler upped their target price on onsemi from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Citigroup upped their target price on onsemi from $68.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Jefferies Financial Group upped their target price on onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. BNP Paribas Exane upgraded onsemi from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company upped their target price on onsemi from $90.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, onsemi has an average rating of “Hold” and an average target price of $89.19.

onsemi Company 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.