Y Intercept Hong Kong Ltd Trims Stock Position in onsemi $ON

Y Intercept Hong Kong Ltd trimmed its position in onsemi (NASDAQ:ON) by 95.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,733 shares of the semiconductor company’s stock after selling 397,648 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in onsemi were worth $1,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in onsemi by 187.9% in the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock valued at $4,863,000 after acquiring an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in onsemi by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 507 shares during the last quarter. Brown Advisory Inc. acquired a new stake in onsemi during the second quarter worth $201,000. Cresset Asset Management LLC raised its position in onsemi by 24.8% in the second quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock valued at $531,000 after purchasing an additional 2,016 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of onsemi by 108.0% in the 2nd quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock valued at $1,659,000 after purchasing an additional 16,435 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Citigroup increased their price target on onsemi from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Roth Capital reaffirmed a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of onsemi in a research report on Wednesday, April 29th. Evercore reissued an “outperform” rating and issued a $137.00 price target on shares of onsemi in a research note on Friday, June 26th. Finally, Wall Street Zen raised shares of onsemi from a “hold” rating to a “buy” rating in a research report on Monday, April 13th. Thirteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $103.24.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Bank of America said onsemi’s planned Synaptics acquisition could create long-term strategic synergies, adding complementary compute assets to onsemi’s power, sensing and control businesses and supporting its edge AI strategy. Onsemi’s Synaptics acquisition could unlock long-term synergies, says Bank of America
• Positive Sentiment: Separate coverage noted that onsemi was added to several Russell growth benchmarks, including the Russell 1000 Growth, which can support demand from index funds and help offset near-term volatility. Is ON Semiconductor (ON) Fully Valued Following Index Inclusion And Its Synaptics Deal?
• Neutral Sentiment: New product-related coverage highlighted Vadzo Imaging’s validation of an onsemi AR0830 HyperLux camera module for Raspberry Pi 5, which is supportive of the company’s image-sensing technology but likely not a major near-term stock driver. Vadzo Imaging Validates Bolt-830CRS: Onsemi AR0830 HyperLux 8MP 4K HDR MIPI Camera for Raspberry Pi 5
• Negative Sentiment: On the cautionary side, Pomerantz Law Firm announced an investor investigation into onsemi, which can create headline risk even if it does not imply wrongdoing. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ON Semiconductor Corporation – ON

Insider Buying and Selling

In other news, CFO Trent Thad sold 30,000 shares of the business’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 completion of the transaction, the chief financial officer directly owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by insiders.

onsemi Stock Down 2.0%

onsemi stock traded down $1.91 during mid-day trading on Friday, reaching $95.96. 6,035,404 shares of the company’s stock were exchanged, compared to its average volume of 13,406,922. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The company has a market cap of $37.61 billion, a P/E ratio of 68.06, a P/E/G ratio of 0.85 and a beta of 2.01. The company has a fifty day moving average of $111.13 and a 200-day moving average of $81.51.

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