Pacer Advisors Inc. Has $95.63 Million Stake in onsemi $ON

Pacer Advisors Inc. lifted its position in shares of onsemi (NASDAQ:ON) by 5.9% during the first quarter, Holdings Channel.com reports. The firm owned 1,544,424 shares of the semiconductor company’s stock after buying an additional 85,433 shares during the quarter. Pacer Advisors Inc.’s holdings in onsemi were worth $95,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC grew its holdings in onsemi by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 149 shares in the last quarter. DV Equities LLC bought a new position in onsemi during the 4th quarter worth $30,000. Ascentis Independent Advisors acquired a new stake in shares of onsemi during the first quarter worth $36,000. SHP Wealth Management acquired a new stake in shares of onsemi during the fourth quarter worth $32,000. Finally, Summit Securities Group LLC boosted its position in shares of onsemi by 346.3% in the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 464 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

onsemi Price Performance

Shares of NASDAQ:ON opened at $81.61 on Monday. The firm has a 50 day moving average of $105.00 and a 200-day moving average of $84.92. The stock has a market capitalization of $31.98 billion, a PE ratio of 57.88, a PEG ratio of 0.90 and a beta of 2.01. 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 has a 12 month low of $44.56 and a 12 month high of $134.92.

onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 9.46% and a return on equity of 12.79%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. On average, equities research analysts predict that onsemi will post 3.09 EPS for the current fiscal year.

Analysts Set New Price Targets

ON has been the topic of several research reports. Citigroup upped their price target on shares of onsemi from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Morgan Stanley boosted their price objective 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. Mizuho decreased their target price on shares of onsemi from $150.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. JPMorgan Chase & Co. raised their target price on shares of onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Jefferies Financial Group boosted their price target on onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Fourteen investment 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 MarketBeat.com, onsemi currently has a consensus rating of “Hold” and an average target price of $102.24.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Analysts remain moderately optimistic, with a median price target of $115, well above the recent trading level. Expectations are supported by improving auto and industrial demand, accelerating AI data-center revenue and potential benefits from onsemi’s planned Synaptics acquisition. Are Wall Street Analysts Predicting ON Semiconductor Stock Will Climb or Sink?
• Positive Sentiment: onsemi’s prior quarter exceeded consensus estimates for both earnings and revenue, while management projected second-quarter EPS of $0.65 to $0.77. Investors will look for continued evidence that the semiconductor cycle has moved beyond its trough. Polymarket Odds: Will PLTR, GRAB, ON Beat Earnings on Monday?
• Neutral Sentiment: The August 3 earnings release is the main immediate catalyst. Market-based expectations indicate uncertainty over whether onsemi will beat estimates, increasing the likelihood of volatility around the report. Polymarket Odds: Will PLTR, GRAB, ON Beat Earnings on Monday?
• Negative Sentiment: Investors remain concerned about weak electric-vehicle demand and onsemi’s elevated valuation, which leaves less room for disappointment if automotive orders or guidance soften. Should You Buy, Sell or Hold onsemi Stock Before Q2 Earnings?
• Negative Sentiment: Insider trading data show 12 open-market sales and no purchases among onsemi insiders over the past six months, including sales by the CEO and CFO. This may reinforce caution ahead of earnings, although insider sales can reflect compensation or portfolio-planning decisions. onsemi gains as chip stocks rebound and investors look ahead to Q2 results

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.