onsemi $ON Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of onsemi (NASDAQ:ON) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 833,347 shares of the semiconductor company’s stock after selling 13,169 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in onsemi were worth $64,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ON. Engineers Gate Manager LP raised its stake in onsemi by 570.3% during the second quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company’s stock valued at $28,776,000 after buying an additional 258,968 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in onsemi by 20.8% during the 3rd quarter. Iridian Asset Management LLC CT now owns 88,134 shares of the semiconductor company’s stock worth $6,775,000 after buying an additional 15,155 shares during the last quarter. Baird Financial Group Inc. acquired a new position in shares of onsemi in the 2nd quarter worth approximately $680,000. Counterpoint Mutual Funds LLC acquired a new position in shares of onsemi in the 3rd quarter worth approximately $10,637,000. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of onsemi in the 3rd quarter worth approximately $635,000. Institutional investors own 97.70% of the company’s stock.

Insiders Place Their Bets

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 158,177 shares in the company, valued at approximately $12,654,160. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company’s stock.

Key onsemi News

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

Analyst Ratings Changes

ON has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on onsemi from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, October 5th. Craig Hallum raised shares of onsemi from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $85.00 in a report on Tuesday. Evercore lowered their target price on shares of onsemi from $137.00 to $90.00 in a research note on Monday. Seaport Research Partners started coverage on shares of onsemi in a report on Tuesday, September 22nd. They set a “buy” rating and a $100.00 target price on the stock. Finally, Rosenblatt Securities reduced their price target on shares of onsemi from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.66.

onsemi Trading Up 3.6%

NASDAQ:ON opened at $72.60 on Wednesday. The stock has a market cap of $28.26 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 0.58 and a beta of 2.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The business has a fifty day moving average of $74.68 and a 200-day moving average of $82.08.

onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. onsemi had a net margin of 10.82% and a return on equity of 15.61%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 EPS. Equities analysts predict that onsemi will post 3.21 earnings per share for the current year.

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.