onsemi $ON Stock: Sumitomo Mitsui Trust Group Inc. Decreases Position

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of onsemi (NASDAQ:ON) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 833,347 shares of the semiconductor company’s stock after selling 13,169 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.21% of onsemi worth $64,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ON. Janus Henderson Group PLC grew its position in shares of onsemi by 10.9% in the 1st quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock valued at $848,392,000 after buying an additional 1,345,894 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in onsemi by 74.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,807,808 shares of the semiconductor company’s stock worth $265,450,000 after acquiring an additional 1,201,534 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in onsemi in the third quarter valued at $59,579,000. Van ECK Associates Corp lifted its position in onsemi by 16.6% in the second quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock valued at $486,252,000 after acquiring an additional 731,540 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its position in onsemi by 570.3% in the second quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company’s stock valued at $28,776,000 after acquiring an additional 258,968 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ON shares. Mizuho cut their target price on onsemi from $95.00 to $87.00 in a research report on Tuesday. Rosenblatt Securities decreased their target price on onsemi from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday. Stifel Nicolaus raised their price target on onsemi from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, October 5th. Craig Hallum raised onsemi from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $85.00 in a research report on Tuesday. Finally, Seaport Research Partners started coverage on onsemi in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.66.

onsemi Stock Performance

NASDAQ ON opened at $72.60 on Wednesday. The stock 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 business’s 50 day moving average is $74.68 and its two-hundred day moving average is $82.08. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51.

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

Key onsemi News

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 Transactions at onsemi

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s 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 sale, the insider owned 158,177 shares of the company’s stock, valued at approximately $12,654,160. This represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.

About onsemi

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.