Rathbones Group PLC Trims Stock Position in onsemi $ON

Rathbones Group PLC lessened its holdings in shares of onsemi (NASDAQ:ON) by 19.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,318 shares of the semiconductor company’s stock after selling 22,271 shares during the period. Rathbones Group PLC’s holdings in onsemi were worth $4,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cromwell Holdings LLC increased its holdings in onsemi by 17.4% in the fourth quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 194 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of onsemi by 9.3% in the fourth quarter. Westside Investment Management Inc. now owns 2,360 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 200 shares during the period. UMB Bank n.a. boosted its position in onsemi by 4.1% during the third quarter. UMB Bank n.a. now owns 5,334 shares of the semiconductor company’s stock worth $263,000 after acquiring an additional 211 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in onsemi by 1.9% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 11,475 shares of the semiconductor company’s stock worth $673,000 after acquiring an additional 212 shares during the last quarter. Finally, CVA Family Office LLC boosted its position in onsemi by 83.7% during the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key Headlines Impacting onsemi

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?

Insider Buying and Selling at onsemi

In other news, CFO Trent Thad sold 30,000 shares of the company’s 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 completion of the transaction, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. This represents a 9.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the company’s stock in a transaction on Friday, March 13th. The shares were 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 66,114 shares of company stock valued at $5,548,708. Company insiders own 0.35% of the company’s stock.

onsemi Trading Down 0.5%

Shares of onsemi stock opened at $109.61 on Friday. The company has a fifty day simple moving average of $81.00 and a 200-day simple moving average of $66.11. onsemi has a 12-month low of $40.62 and a 12-month high of $119.10. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. The stock has a market cap of $42.96 billion, a price-to-earnings ratio of 77.74, a PEG ratio of 0.98 and a beta of 1.94.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The company’s revenue for the quarter 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, equities analysts forecast that onsemi will post 3.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ON shares. Barclays boosted their target price on shares of onsemi from $75.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Bank of America upgraded shares of onsemi from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $85.00 in a report on Monday, April 13th. B. Riley Financial raised shares of 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. Morgan Stanley upped their target price on shares of onsemi from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Truist Financial reissued a “hold” rating and issued a $101.00 price objective (up from $66.00) on shares of onsemi in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $89.19.

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.