onsemi $ON Shares Sold by Ethic Inc.

Ethic Inc. cut its stake in shares of onsemi (NASDAQ:ON) by 17.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,435 shares of the semiconductor company’s stock after selling 9,584 shares during the quarter. Ethic Inc.’s holdings in onsemi were worth $3,569,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ON. Pictet Asset Management Holding SA raised its position in shares of onsemi by 7.4% during the third quarter. Pictet Asset Management Holding SA now owns 4,550,913 shares of the semiconductor company’s stock worth $349,788,000 after acquiring an additional 314,203 shares during the last quarter. CenterBook Partners LP lifted its stake in shares of onsemi by 162.4% in the third quarter. CenterBook Partners LP now owns 187,420 shares of the semiconductor company’s stock worth $14,407,000 after acquiring an additional 115,987 shares during the period. Alta Advisers Ltd acquired a new position in shares of onsemi in the third quarter worth approximately $225,000. Kestra Advisory Services LLC boosted its holdings in onsemi by 13.5% in the third quarter. Kestra Advisory Services LLC now owns 16,911 shares of the semiconductor company’s stock valued at $1,300,000 after acquiring an additional 2,006 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in onsemi by 33.2% in the third quarter. Chicago Partners Investment Group LLC now owns 10,555 shares of the semiconductor company’s stock valued at $763,000 after acquiring an additional 2,631 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

ON has been the subject of a number of recent analyst reports. Evercore decreased their target price on shares of onsemi from $137.00 to $90.00 in a research report on Monday, November 2nd. B. Riley Financial dropped their price target on shares of onsemi from $105.00 to $97.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. Cantor Fitzgerald restated a “neutral” rating and issued a $90.00 price target on shares of onsemi in a research report on Tuesday, November 3rd. Stifel Nicolaus upped their price objective on shares of onsemi from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, October 5th. Finally, TD Cowen reiterated a “hold” rating and set a $75.00 price objective on shares of onsemi in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.03.

Insiders Place Their Bets

In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of onsemi stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total value of $1,246,240.00. Following the completion of the sale, the insider directly owned 158,177 shares in the company, valued at approximately $12,654,160. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company’s stock.

onsemi Stock Performance

ON stock opened at $69.61 on Wednesday. The stock has a 50-day moving average price of $74.06 and a 200-day moving average price of $82.22. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The company has a current ratio of 3.55, a quick ratio of 2.61 and a debt-to-equity ratio of 0.49. The firm has a market cap of $27.10 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 0.55 and a beta of 2.11.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.88 by $0.02. onsemi had a return on equity of 15.53% and a net margin of 10.82%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities research analysts expect that onsemi will post 3.27 earnings per share for the current year.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi launched EliteSiC M4, a fourth-generation platform that the company says can deliver up to 30% higher power density and 35% lower energy losses than the prior generation. The performance gains could help onsemi compete for power-conversion designs in expanding AI, EV and energy markets. The 750V automotive traction bare die is available now; other voltage options, up to 1200V, are expected from 2027. Article: onsemi’s EliteSiC M4 Pushes Power Density Higher as Energy Demands Grow
• Neutral Sentiment: The product announcement is a potential longer-term growth driver, but broader customer adoption and revenue contribution are not yet clear; most of the announced voltage range is not expected until 2027.
• Negative Sentiment: A recent filing summary reports that an onsemi executive sold 15,578 shares. This is a limited insider-sale signal and does not, by itself, establish a change in the company’s outlook.

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.