6,164 Shares in onsemi $ON Bought by PFG Investments LLC

PFG Investments LLC acquired a new stake in onsemi (NASDAQ:ON) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,164 shares of the semiconductor company’s stock, valued at approximately $382,000.

Several other large investors have also bought and sold shares of the stock. Ameriprise Financial Inc. raised its position in shares of onsemi by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after acquiring an additional 877,533 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in onsemi by 8.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock valued at $360,828,000 after acquiring an additional 474,725 shares during the last quarter. Norges Bank acquired a new stake in onsemi during the 4th quarter valued at approximately $330,885,000. Rafferty Asset Management LLC increased its position in onsemi by 55.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after purchasing an additional 2,072,125 shares during the period. Finally, Pictet Asset Management Holding SA raised its holdings in onsemi by 15.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock worth $284,495,000 after purchasing an additional 615,905 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

onsemi Stock Up 3.0%

ON stock opened at $93.79 on Thursday. The stock’s 50 day simple moving average is $111.09 and its 200 day simple moving average is $81.11. The company has a market cap of $36.76 billion, a P/E ratio of 66.52, a price-to-earnings-growth ratio of 0.81 and a beta of 2.01. 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 fifty-two week low of $44.56 and a fifty-two week high of $134.92.

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

Insider Transactions at onsemi

In other onsemi news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the completion of the sale, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. The trade was a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ON shares. Truist Financial restated a “hold” rating and issued a $101.00 price target (up from $66.00) on shares of onsemi in a research report on Tuesday, May 5th. Robert W. Baird boosted their target price on shares of onsemi from $56.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Mizuho cut their price target on shares of onsemi from $150.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. Bank of America increased their price target on onsemi from $115.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Citigroup lifted their price objective on onsemi from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Thirteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.19.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi said it entered definitive agreements to sell two manufacturing sites, including part of a broader push to improve its cost structure and support gross margin expansion. onsemi Advances Fab Right Strategy with Agreements to Divest Two Manufacturing Facilities
• Positive Sentiment: The divestitures are aimed at channeling resources toward onsemi’s Fab Right manufacturing strategy, which management says should improve efficiency and profitability in key end markets such as AI data centers, automotive, and industrial chips. Onsemi to sell two chipmaking plants to cut costs
• Neutral Sentiment: Recent commentary also framed onsemi as a beneficiary of AI-driven automotive semiconductor demand, which may be reinforcing investor interest in the stock. 4 Semiconductor Stocks to Benefit as Cars Become AI-Powered
• Negative Sentiment: The move is partly offset by a recent downgrade from Zacks Research to “hold,” which may temper enthusiasm if investors focus more on valuation and execution risk. onsemi was downgraded by Zacks Research from “strong-buy” to “hold”

onsemi 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.