Talos Eurisko Asset Management LP Purchases 247,000 Shares of onsemi $ON

Talos Eurisko Asset Management LP raised its position in onsemi (NASDAQ:ON) by 254.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 343,900 shares of the semiconductor company’s stock after purchasing an additional 247,000 shares during the period. onsemi makes up 3.3% of Talos Eurisko Asset Management LP’s investment portfolio, making the stock its 9th biggest holding. Talos Eurisko Asset Management LP’s holdings in onsemi were worth $18,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ON. Norges Bank acquired a new stake in shares of onsemi in the 4th quarter valued at about $330,885,000. Two Sigma Investments LP increased its position in shares of onsemi by 636.1% in the third quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock valued at $184,900,000 after acquiring an additional 3,240,375 shares during the last quarter. Rafferty Asset Management LLC increased its position in shares of onsemi by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after acquiring an additional 2,072,125 shares during the last quarter. Marshall Wace LLP increased its position in shares of onsemi by 23,784.8% in the fourth quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company’s stock valued at $92,928,000 after acquiring an additional 1,708,937 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of onsemi by 312.8% in the second 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 last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

onsemi Price Performance

Shares of NASDAQ ON opened at $125.90 on Tuesday. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The company has a market cap of $49.34 billion, a PE ratio of 89.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.97. The business’s 50 day moving average price is $101.93 and its two-hundred day moving average price is $74.96. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41.

onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, analysts predict that onsemi will post 3.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ON shares. Truist Financial reaffirmed a “hold” rating and issued a $101.00 target price (up from $66.00) on shares of onsemi in a research report on Tuesday, May 5th. Roth Mkm reaffirmed a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Bank of America lifted their target price on onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Cantor Fitzgerald boosted their price target on onsemi from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Citigroup boosted their price target on onsemi from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, onsemi currently has a consensus rating of “Moderate Buy” and an average price target of $93.73.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Citi turned more constructive on onsemi, raising its price target and flagging the shares as a potential upside catalyst ahead of Analyst Day, which is helping support the stock. Article Title
• Positive Sentiment: Analysts and market commentary continue to point to onsemi’s exposure to AI/data-center power, automotive recovery, and a still-reasonable valuation after a strong 2026 run. Article Title
• Neutral Sentiment: Industry chatter continues around onsemi’s image in the semiconductor market, including third-party product launches using onsemi components, which may reinforce brand relevance but is not a direct company-specific catalyst. Article Title

Insider Activity

In other news, CFO Trent Thad sold 30,000 shares of the business’s 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 completion of the sale, the chief financial officer owned 301,194 shares in the company, valued at $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by corporate insiders.

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.