Pictet Asset Management Holding SA Has $284.50 Million Stock Position in onsemi $ON

Pictet Asset Management Holding SA lifted its holdings in shares of onsemi (NASDAQ:ON) by 15.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,597,886 shares of the semiconductor company’s stock after acquiring an additional 615,905 shares during the period. Pictet Asset Management Holding SA’s holdings in onsemi were worth $284,495,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CVA Family Office LLC increased its holdings in shares of onsemi by 83.7% during the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after buying an additional 215 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of onsemi by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 149 shares in the last quarter. DV Equities LLC acquired a new stake in shares of onsemi during the 4th quarter valued at $30,000. SHP Wealth Management bought a new stake in onsemi during the 4th quarter worth $32,000. Finally, Summit Securities Group LLC increased its holdings in onsemi by 346.3% in the 4th quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 464 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: The Synaptics deal is onsemi’s largest acquisition ever, and the market is worried about valuation, integration risk, and whether the benefits will justify the price. The $7 Billion Reason ON Semiconductor Stock Is Down Today
• Negative Sentiment: Because the transaction is all stock, existing shareholders face dilution, and some analysts said the deal adds complexity to an already complicated business model. ON Semi tanks 20% following Synaptics deal as CEO defends core business
• Neutral Sentiment: Management says the acquisition expands onsemi’s addressable market, strengthens its edge-AI and connectivity portfolio, and should be accretive to non-GAAP EPS within about 18 months if synergies are realized. onsemi to Acquire Synaptics to Enable the Next Generation of Intelligent Systems for Physical AI
• Neutral Sentiment: Separately, onsemi recently updated Q2 2026 guidance with EPS and revenue ranges that were roughly in line to slightly below expectations, which may be adding to investor caution. Why Is ON Semiconductor Stock Falling On Friday?

Insiders Place Their Bets

In related news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the completion of the transaction, the chief financial officer owned 301,194 shares of the company’s stock, valued at $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by corporate insiders.

onsemi Stock Performance

Shares of ON stock opened at $90.65 on Friday. The business’s 50 day simple moving average is $110.67 and its 200 day simple moving average is $78.83. onsemi has a one year low of $44.56 and a one year high of $134.92. The stock has a market capitalization of $35.53 billion, a PE ratio of 64.29, a PEG ratio of 0.81 and a beta of 1.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14.

onsemi (NASDAQ:ON) last released 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 firm had revenue of $1.51 billion during 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 company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, research analysts forecast that onsemi will post 3.09 earnings per share for the current year.

Analysts Set New Price Targets

ON has been the subject of several research reports. UBS Group set a $110.00 target price on onsemi in a research report on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a research note on Wednesday, April 29th. Robert W. Baird lifted their target price on shares of onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Needham & Company LLC boosted their target price on shares of onsemi from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Finally, Barclays raised their price target on shares of onsemi from $75.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $102.35.

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.