Lmcg Investments LLC Acquires New Shares in onsemi $ON

Lmcg Investments LLC acquired a new position in onsemi (NASDAQ:ON) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 86,675 shares of the semiconductor company’s stock, valued at approximately $5,367,000.

Several other hedge funds have also recently bought and sold shares of the business. Pictet Asset Management Holding SA lifted its position in shares of onsemi by 38.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock worth $215,624,000 after buying an additional 1,112,774 shares during the last quarter. Capital International Investors increased its holdings in shares of onsemi by 0.5% during the 3rd quarter. Capital International Investors now owns 4,249,967 shares of the semiconductor company’s stock valued at $209,566,000 after acquiring an additional 22,699 shares during the last quarter. Carmel Capital Partners LLC increased its holdings in shares of onsemi by 119.3% during the 4th quarter. Carmel Capital Partners LLC now owns 73,416 shares of the semiconductor company’s stock valued at $3,975,000 after acquiring an additional 39,944 shares during the last quarter. Twin Capital Management Inc. bought a new position in shares of onsemi in the 4th quarter valued at approximately $585,000. Finally, F&V Capital Management LLC bought a new position in shares of onsemi in the 4th quarter valued at approximately $15,075,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi said it entered definitive agreements to sell two manufacturing sites, including part of a broader push to improve its cost structure and support gross margin expansion. onsemi Advances Fab Right Strategy with Agreements to Divest Two Manufacturing Facilities
• Positive Sentiment: The divestitures are aimed at channeling resources toward onsemi’s Fab Right manufacturing strategy, which management says should improve efficiency and profitability in key end markets such as AI data centers, automotive, and industrial chips. Onsemi to sell two chipmaking plants to cut costs
• Neutral Sentiment: Recent commentary also framed onsemi as a beneficiary of AI-driven automotive semiconductor demand, which may be reinforcing investor interest in the stock. 4 Semiconductor Stocks to Benefit as Cars Become AI-Powered
• Negative Sentiment: The move is partly offset by a recent downgrade from Zacks Research to “hold,” which may temper enthusiasm if investors focus more on valuation and execution risk. onsemi was downgraded by Zacks Research from “strong-buy” to “hold”

onsemi Price Performance

NASDAQ:ON opened at $93.79 on Thursday. 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 has a one year low of $44.56 and a one year high of $134.92. The company has a fifty day moving average price of $111.09 and a 200 day moving average price of $81.11. The stock has a market cap of $36.76 billion, a P/E ratio of 66.52, a PEG ratio of 0.81 and a beta of 2.01.

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. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the business posted $0.55 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Analysts anticipate that onsemi will post 3.09 earnings per share for the current year.

Insider Buying and Selling at onsemi

In related news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction dated 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 sale, the chief financial officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.

Wall Street Analyst Weigh In

ON has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Susquehanna lifted their price target on shares of onsemi from $120.00 to $140.00 and gave the company a “positive” rating in a research report on Friday, June 26th. Mizuho reduced their price objective on shares of onsemi from $150.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Evercore reaffirmed an “outperform” rating and set a $137.00 price objective on shares of onsemi in a report on Friday, June 26th. Finally, Jefferies Financial Group raised their target price on shares of onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Thirteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, onsemi currently has a consensus rating of “Hold” and an average target price of $101.19.

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.