onsemi $ON Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in onsemi (NASDAQ:ON) by 16.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,779 shares of the semiconductor company’s stock after acquiring an additional 16,120 shares during the period. ProShare Advisors LLC’s holdings in onsemi were worth $8,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new stake in onsemi during the 1st quarter worth about $36,000. Ninety One UK Ltd acquired a new position in shares of onsemi in the third quarter valued at about $36,000. Root Financial Partners LLC raised its stake in shares of onsemi by 39.4% in the first quarter. Root Financial Partners LLC now owns 701 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 198 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of onsemi in the second quarter worth about $67,000. Finally, IFP Advisors Inc lifted its holdings in shares of onsemi by 74.1% during the second quarter. IFP Advisors Inc now owns 1,327 shares of the semiconductor company’s stock worth $125,000 after purchasing an additional 565 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

ON has been the topic of a number of recent research reports. Robert W. Baird upped their target price on onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Evercore reduced their price target on shares of onsemi from $137.00 to $90.00 in a research report on Monday. Rosenblatt Securities reduced their price target on shares of onsemi from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday. B. Riley Financial decreased their price objective on shares of onsemi from $105.00 to $97.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Weiss Ratings raised shares of onsemi from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.66.

onsemi Stock Up 3.6%

Shares of ON opened at $72.60 on Wednesday. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $28.26 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 0.58 and a beta of 2.11. The stock’s 50-day moving average price is $74.68 and its 200-day moving average price is $82.08.

onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.02. onsemi had a return on equity of 15.61% and a net margin of 10.82%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the business earned $0.63 earnings per share. onsemi’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts predict that onsemi will post 3.21 EPS for the current year.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Q3 results topped expectations: Adjusted EPS was $0.90 versus $0.88 consensus, while revenue rose 11.1% year over year to about $1.72 billion. Free cash flow increased 31% to $489 million. onsemi Q3 results
• Positive Sentiment: AI growth is a key catalyst: AI data-center revenue surged 175% year over year. Management expects that business to double in 2027 and raised its 2030 target by $500 million to more than $3 billion. Q3 earnings call highlights
• Positive Sentiment: Q4 outlook exceeded expectations: Adjusted EPS guidance of $0.95–$1.07 puts the midpoint above the roughly $0.96 consensus; revenue guidance of $1.7–$1.8 billion also brackets consensus near $1.7 billion. Q4 guidance and earnings
• Positive Sentiment: Ferric acquisition expands AI power-delivery prospects: onsemi agreed to acquire Ferric for $600 million in cash, with up to $175 million in additional milestone payments. The integrated-voltage-regulator technology is intended for next-generation AI processors; onsemi says the deal could support long-term growth and margins. Ferric acquisition announcement
• Neutral Sentiment: Analyst views are mixed: Craig Hallum upgraded ON to Buy, while several firms maintained Hold or Neutral ratings. Goldman Sachs rating
• Negative Sentiment: Some analysts cut price targets after the results, including Evercore ISI ($137 to $90), Goldman Sachs ($95 to $85) and Mizuho ($95 to $87), tempering the bullish earnings and AI news. The Ferric deal also brings execution and integration risks, as well as a substantial cash commitment. Evercore ISI price target

Insider Activity at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the sale, the insider owned 158,177 shares of the company’s stock, valued at $12,654,160. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by insiders.

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.