Profund Advisors LLC Sells 29,407 Shares of onsemi $ON

Profund Advisors LLC reduced its position in onsemi (NASDAQ:ON) by 51.8% during the fourth quarter, HoldingsChannel reports. The firm owned 27,407 shares of the semiconductor company’s stock after selling 29,407 shares during the period. Profund Advisors LLC’s holdings in onsemi were worth $1,484,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CVA Family Office LLC lifted its holdings in onsemi by 83.7% in the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 215 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in onsemi by 68.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 235 shares during the period. Deseret Mutual Benefit Administrators raised its position in shares of onsemi by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 218 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of onsemi in the 2nd quarter worth about $32,000. Finally, Close Asset Management Ltd acquired a new position in shares of onsemi in the 3rd quarter valued at about $38,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Mizuho lifted its price target on onsemi to $130 and reaffirmed an Outperform rating, signaling continued analyst confidence in the stock.
• Positive Sentiment: Reports say onsemi is gaining share in China’s EV market as its silicon carbide products expand into more vehicle platforms, a potentially important growth driver.
• Positive Sentiment: Recent quarterly results topped expectations on both EPS and revenue, reinforcing the view that fundamentals remain strong.
• Neutral Sentiment: One article discussed onsemi in the context of broader semiconductor weakness tied to U.S.-China trade headlines, but the company-specific catalyst today appears to be the analyst upgrade and EV growth narrative.

Insider Activity

In related news, CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of onsemi stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the transaction, the insider owned 173,943 shares of the company’s stock, valued at $10,205,235.81. This trade represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 66,114 shares of company stock worth $5,548,708. 0.35% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ON. TD Cowen upped their target price on onsemi from $80.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Evercore reissued an “outperform” rating on shares of onsemi in a research note on Tuesday, May 5th. Roth Mkm restated a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. BNP Paribas Exane raised shares of onsemi from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group boosted their target price on shares of onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $89.19.

onsemi Stock Performance

Shares of ON stock opened at $110.21 on Thursday. 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 firm has a fifty day simple moving average of $80.00 and a two-hundred day simple moving average of $65.69. onsemi has a 12 month low of $40.62 and a 12 month high of $119.10. The firm has a market capitalization of $43.19 billion, a PE ratio of 78.16, a price-to-earnings-growth ratio of 0.94 and a beta of 1.94.

onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Analysts forecast that onsemi will post 3.09 EPS for the current fiscal 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.