onsemi $ON Holdings Trimmed by Boston Trust Walden Corp

Boston Trust Walden Corp cut its stake in onsemi (NASDAQ:ON) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 575,757 shares of the semiconductor company’s stock after selling 46,863 shares during the period. Boston Trust Walden Corp’s holdings in onsemi were worth $44,258,000 as of its most recent filing with the Securities and Exchange Commission.

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

onsemi Stock Performance

Shares of onsemi stock opened at $71.24 on Thursday. The firm has a market cap of $27.73 billion, a price-to-earnings ratio of 41.42, a price-to-earnings-growth ratio of 0.59 and a beta of 2.11. The stock’s 50-day moving average is $74.66 and its 200-day moving average is $82.13. onsemi has a one year low of $44.56 and a one year high of $134.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.55 and a quick ratio of 2.49.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. onsemi had a net margin of 10.82% and a return on equity of 15.53%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. Equities analysts predict that onsemi will post 3.26 earnings per share for the current fiscal year.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi beat Q3 expectations, reporting adjusted EPS of $0.90 versus $0.88 expected and revenue of $1.72 billion versus $1.71 billion. Q4 guidance also came in above consensus at the midpoint, supporting the case for improving near-term performance. Q3 results and guidance
• Positive Sentiment: AI data-center revenue surged 175% year over year; management expects it to double in 2027 and set a target of more than $3 billion by 2030. The planned Ferric acquisition is intended to expand power-delivery technology for AI processors, positioning onsemi to capture more of that growth. Ferric acquisition and AI growth
• Neutral Sentiment: Cantor Fitzgerald maintained a Hold rating and $90 price target, reflecting a more balanced view of the company’s AI opportunity and other business risks. Cantor Fitzgerald rating
• Negative Sentiment: Analysts have been trimming expectations: Citi cut its target to $80 and assigned a Neutral rating, while Evercore, Goldman Sachs and Mizuho also lowered targets. These revisions may temper the market’s response to the earnings beat. Analyst target revision
• Negative Sentiment: Automotive restocking remains uneven: onsemi is reportedly delaying some automakers’ inventory orders while prioritizing AI and industrial customers, underscoring that traditional end-market demand has not fully recovered. Automotive restocking and AI sales

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $90.00 price target on shares of onsemi in a research note on Tuesday. Wells Fargo & Company lowered their price objective on onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday. Citigroup dropped their price objective on onsemi from $98.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday. TD Cowen restated a “hold” rating and set a $75.00 target price on shares of onsemi in a research report on Tuesday. Finally, Robert W. Baird raised their target price on shares of onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.03.

Insider Activity at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the 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 directly owned 158,177 shares in the company, valued at $12,654,160. This represents a 8.97% decrease in their position. 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.