Procyon Advisors LLC Raises Stock Holdings in onsemi $ON

Procyon Advisors LLC raised its holdings in onsemi (NASDAQ:ON) by 39.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,871 shares of the semiconductor company’s stock after purchasing an additional 10,694 shares during the period. Procyon Advisors LLC’s holdings in onsemi were worth $2,345,000 at the end of the most recent quarter.

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

onsemi Trading Down 5.8%

ON opened at $90.37 on Tuesday. The stock has a market capitalization of $35.42 billion, a PE ratio of 64.09, a P/E/G ratio of 0.85 and a beta of 2.01. 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 0.41, a quick ratio of 3.14 and a current ratio of 4.87. The business’s 50 day moving average price is $110.92 and its 200 day moving average price is $81.94.

onsemi (NASDAQ:ON) last posted its earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS 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 company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts expect that onsemi will post 3.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Cantor Fitzgerald upped their price target on shares of onsemi from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Wall Street Zen raised onsemi from a “hold” rating to a “buy” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Robert W. Baird lifted their price target on onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Mizuho dropped their price target on onsemi from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, July 1st. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $102.64.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: TD Cowen cut its price target on onsemi to $95 from $110 but kept a Buy rating, suggesting analysts still see some upside from current levels. Benzinga
• Positive Sentiment: The company’s recent restructuring efforts, including a plan to divest two manufacturing facilities under its “Fab Right” strategy, are being framed as long-term margin support rather than a near-term problem. Quiver Quantitative
• Neutral Sentiment: onsemi’s upcoming quarterly earnings remain a focus, with Wall Street expecting improved profitability, which could help sentiment if results meet or beat expectations. Barchart
• Negative Sentiment: The stock is being dragged by sector-wide risk aversion in semiconductors, with investors reassessing stretched AI valuations and rotating out of chip stocks. Quiver Quantitative
• Negative Sentiment: Sentiment may also be pressured by the recently announced all-stock acquisition of Synaptics, which adds execution and dilution concerns. Quiver Quantitative

Insider Transactions at onsemi

In other onsemi news, CFO Trent Thad sold 30,000 shares of the company’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 $28,011,042. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

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.