Delta Global Management LP Makes New Investment in onsemi $ON

Delta Global Management LP bought a new stake in shares of onsemi (NASDAQ:ON) during the 1st quarter, Holdings Channel.com reports. The fund bought 116,251 shares of the semiconductor company’s stock, valued at approximately $7,198,000.

Several other large investors have also recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp boosted its position in onsemi by 97.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 30,402 shares of the semiconductor company’s stock valued at $1,882,000 after purchasing an additional 14,983 shares in the last quarter. Callodine Capital Management LP grew its stake in onsemi by 166.3% in the first quarter. Callodine Capital Management LP now owns 330,730 shares of the semiconductor company’s stock valued at $20,479,000 after purchasing an additional 206,530 shares during the last quarter. Lombard Odier Asset Management Switzerland SA raised its holdings in onsemi by 14.2% in the first quarter. Lombard Odier Asset Management Switzerland SA now owns 96,273 shares of the semiconductor company’s stock worth $5,961,000 after purchasing an additional 11,975 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in onsemi by 3.0% in the first quarter. Public Employees Retirement System of Ohio now owns 126,703 shares of the semiconductor company’s stock worth $7,845,000 after purchasing an additional 3,743 shares in the last quarter. Finally, Compound Planning Inc. lifted its position in shares of onsemi by 3.9% during the first quarter. Compound Planning Inc. now owns 4,733 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 179 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: Chip stocks were under pressure after a major peer posted a softer-than-expected outlook, which weighed on the whole semiconductor group and dragged onsemi lower with it.
• Negative Sentiment: Investor caution remains elevated ahead of onsemi’s next earnings report, scheduled for August 3, leaving the stock without an immediate near-term catalyst.
• Negative Sentiment: Ongoing concerns around onsemi’s planned all-stock Synaptics acquisition may also be contributing to sentiment, as the deal adds execution and integration risk.
• Neutral Sentiment: Recent commentary has noted that while onsemi has beaten earnings expectations in prior quarters, the market is currently focused more on industry weakness and the upcoming report than on prior results.

Analyst Ratings Changes

A number of analysts have recently weighed in 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 report on Tuesday, May 5th. Wall Street Zen upgraded shares of onsemi from a “hold” rating to a “buy” rating in a research note on Monday, April 13th. Evercore reissued an “outperform” rating and set a $137.00 target price on shares of onsemi in a research report on Friday, June 26th. Morgan Stanley raised their target price on shares of onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a report on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $102.24.

onsemi Price Performance

Shares of ON stock opened at $86.81 on Friday. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92. The firm has a market capitalization of $34.02 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 0.96 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. The stock’s 50-day simple moving average is $107.67 and its 200-day simple moving average is $83.95.

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