Swiss Life Asset Management Ltd Purchases 5,331 Shares of onsemi $ON

Swiss Life Asset Management Ltd increased its position in onsemi (NASDAQ:ON) by 13.6% during the fourth quarter, Holdings Channel reports. The firm owned 44,623 shares of the semiconductor company’s stock after buying an additional 5,331 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in onsemi were worth $2,416,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of ON. Two Sigma Investments LP raised its holdings in shares of onsemi by 636.1% in the 3rd quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock valued at $184,900,000 after purchasing an additional 3,240,375 shares during the period. Rafferty Asset Management LLC raised its holdings in shares of onsemi by 55.0% in 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. Alliancebernstein L.P. raised its holdings in onsemi by 312.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock valued at $105,401,000 after acquiring an additional 1,523,866 shares during the period. Voloridge Investment Management LLC raised its holdings in onsemi by 53.3% in the 3rd quarter. Voloridge Investment Management LLC now owns 3,331,427 shares of the semiconductor company’s stock valued at $164,273,000 after acquiring an additional 1,157,962 shares during the period. Finally, Pictet Asset Management Holding SA raised its holdings in onsemi by 38.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock valued at $215,624,000 after acquiring an additional 1,112,774 shares during the period. 97.70% of the stock is owned by institutional investors.

onsemi Stock Up 2.3%

Shares of ON opened at $118.37 on Friday. onsemi has a 12 month low of $40.62 and a 12 month high of $119.10. The firm’s 50 day moving average is $76.02 and its 200-day moving average is $64.06. The stock has a market capitalization of $46.39 billion, a PE ratio of 83.95, a P/E/G ratio of 1.03 and a beta of 1.94. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned $0.55 earnings per share. The business’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. Equities research analysts forecast that onsemi will post 3.09 EPS for the current year.

Analyst Upgrades and Downgrades

ON has been the topic of several research analyst reports. TD Cowen increased their price target on shares of onsemi from $80.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Stifel Nicolaus increased their price target on shares of onsemi from $50.00 to $60.00 and gave the company a “hold” rating in a report on Friday, January 16th. Morgan Stanley increased their price target on shares of onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Cantor Fitzgerald increased their price target on shares of onsemi from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Craig Hallum reissued a “hold” rating on shares of onsemi in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $88.81.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Cantor Fitzgerald increased its price target on onsemi (ON) to $100, suggesting analysts see room for the company’s valuation to remain elevated after strong momentum in the stock. onsemi (NASDAQ:ON) Given New $100.00 Price Target at Cantor Fitzgerald
• Positive Sentiment: Recent coverage pointed to onsemi as a trending semiconductor name, with investor interest supported by strength across the chip sector and favorable technical momentum. Here is What to Know Beyond Why ON Semiconductor Corporation (ON) is a Trending Stock
• Neutral Sentiment: Market commentary also noted that ON has been outperforming semiconductor peers during a strong trading session, reinforcing the stock’s recent relative strength. on Semiconductor Corp. stock outperforms competitors on strong trading day
• Negative Sentiment: One recent note from Insider Monkey said a fund sold ON due to continued weak results, which could temper enthusiasm if investors focus on execution risk rather than analyst optimism. Jensen Quality Mid Cap Fund Sold ON Semiconductor Corporation (ON) Due to Continued Weak Results

Insider Activity at onsemi

In other news, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.67, for a total transaction of $358,708.38. Following the transaction, the insider directly owned 173,943 shares of the company’s stock, valued at approximately $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Trent Thad sold 30,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer owned 301,194 shares in the company, valued at $28,011,042. This represents a 9.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 66,114 shares of company stock worth $5,548,708 over the last ninety days. Insiders own 0.35% of the company’s stock.

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.