Guinness Asset Management LTD Reduces Stock Position in onsemi $ON

Guinness Asset Management LTD lowered its stake in shares of onsemi (NASDAQ:ON) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,708 shares of the semiconductor company’s stock after selling 8,348 shares during the period. Guinness Asset Management LTD’s holdings in onsemi were worth $7,709,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ON. CVA Family Office LLC lifted its position in shares of 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 in the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of onsemi by 62.3% during the third 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. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of onsemi by 68.7% during the third 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 in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of onsemi during the second quarter worth $32,000. Finally, Close Asset Management Ltd purchased a new stake in shares of onsemi during the third quarter worth $38,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Recent analyst target hikes and constructive ratings have reinforced confidence in onsemi’s recovery story, especially around power semiconductors and AI/data-center demand. onsemi jumps 5.5% as recent analyst target hikes and upbeat post-earnings tone keep AI/power-semiconductor bid strong
• Positive Sentiment: Market commentary says onsemi looks like the clearer AI power-infrastructure play versus smaller peers, with expanding margins and rising data-center revenue supporting the stock. Navitas vs onsemi: Which Stock Wins the AI Power Infrastructure Race?
• Neutral Sentiment: Coverage from Yahoo Finance framed ON as a momentum stock that has risen strongly over the past week, reflecting renewed trader interest rather than a new company-specific catalyst. ON Semiconductor Corp. (ON) Is Up 9.60% in One Week: What You Should Know

Insider Transactions at onsemi

In other news, CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s 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 directly owned 173,943 shares in the company, valued at $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 66,114 shares of company stock worth $5,548,708 over the last ninety days. Insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ON shares. TD Cowen increased their target price on onsemi from $80.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Piper Sandler increased their price objective on onsemi from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. KeyCorp increased their price objective on onsemi from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Cantor Fitzgerald increased their price objective on onsemi from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Rosenblatt Securities increased their price objective on onsemi from $60.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.19.

onsemi Trading Up 6.0%

NASDAQ ON opened at $116.20 on Friday. The stock’s 50-day simple moving average is $82.14 and its two-hundred day simple moving average is $66.46. onsemi has a twelve month low of $40.62 and a twelve month high of $119.10. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $45.54 billion, a price-to-earnings ratio of 82.41, a PEG ratio of 0.98 and a beta of 1.94.

onsemi (NASDAQ:ON) last released its quarterly earnings results 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. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business posted $0.55 earnings per share. 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. Research 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.