Fulton Bank N.A. Makes New Investment in onsemi $ON

Fulton Bank N.A. bought a new position in shares of onsemi (NASDAQ:ON) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,178 shares of the semiconductor company’s stock, valued at approximately $444,000.

A number of other large investors have also made changes to their positions in ON. Pictet Asset Management Holding SA boosted 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 buying an additional 1,112,774 shares during the last quarter. Capital International Investors increased its stake in shares of onsemi by 0.5% in the 3rd quarter. Capital International Investors now owns 4,249,967 shares of the semiconductor company’s stock worth $209,566,000 after acquiring an additional 22,699 shares during the last quarter. Carmel Capital Partners LLC raised its holdings in shares of onsemi by 119.3% during the 4th quarter. Carmel Capital Partners LLC now owns 73,416 shares of the semiconductor company’s stock worth $3,975,000 after acquiring an additional 39,944 shares during the period. Twin Capital Management Inc. acquired a new position in shares of onsemi during the 4th quarter valued at about $585,000. Finally, F&V Capital Management LLC acquired a new position in shares of onsemi during the 4th quarter valued at about $15,075,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on ON shares. Mizuho reduced their target price on shares of onsemi from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday. Citigroup increased their price target on shares of onsemi from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Truist Financial restated a “hold” rating and set a $101.00 price target (up from $66.00) on shares of onsemi in a report on Tuesday, May 5th. Susquehanna upped their price objective on onsemi from $120.00 to $140.00 and gave the company a “positive” rating in a report on Friday, June 26th. Finally, UBS Group reiterated a “neutral” rating and issued a $95.00 price objective on shares of onsemi in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.19.

onsemi Price Performance

onsemi stock opened at $91.22 on Friday. The company’s 50 day simple moving average is $111.39 and its 200-day simple moving average is $80.11. 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 1 year low of $44.56 and a 1 year high of $134.92. The company has a market capitalization of $35.75 billion, a price-to-earnings ratio of 64.70, a price-to-earnings-growth ratio of 0.81 and a beta of 2.01.

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

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target on onsemi to $110 from $100, keeping a Neutral rating but citing the durability of the AI infrastructure semiconductor cycle. Cantor Fitzgerald Raises Price Target on ON Semiconductor Corporation (ON)
• Positive Sentiment: Investor interest in onsemi remains elevated, with Zacks noting that users have been heavily searching for the stock, often a sign of increased attention ahead of a catalyst. Investors Heavily Search ON Semiconductor Corporation (ON)
• Neutral Sentiment: Kahn Swick & Foti said it is investigating the adequacy of price and process in onsemi’s proposed acquisition of Synaptics, adding legal uncertainty around the deal. Synaptics Investor Alert: Kahn Swick & Foti Investigates Adequacy of Price and Process in Proposed Sale of Synaptics Incorporated – SYNA
• Negative Sentiment: Pomerantz separately opened an investor investigation into onsemi following the Synaptics deal announcement, which may keep pressure on sentiment until the transaction is clarified. ON Semiconductor (ON) Stock Faces Investor Investigation After Synaptics Deal

Insider Activity at onsemi

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 completion of the transaction, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by corporate insiders.

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.