onsemi $ON Stock Bought by Philadelphia Trust Co.

Philadelphia Trust Co. lifted its holdings in onsemi (NASDAQ:ON) by 542.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,870 shares of the semiconductor company’s stock after acquiring an additional 44,642 shares during the period. Philadelphia Trust Co.’s holdings in onsemi were worth $4,064,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ON. Janus Henderson Group PLC boosted its holdings in 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 purchasing an additional 1,345,894 shares during the period. Van ECK Associates Corp grew its position in shares of onsemi by 16.6% during the 2nd quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock worth $486,252,000 after purchasing an additional 731,540 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of onsemi by 7.4% during the 3rd quarter. Pictet Asset Management Holding SA now owns 4,550,913 shares of the semiconductor company’s stock worth $349,788,000 after purchasing an additional 314,203 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of onsemi by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,442,177 shares of the semiconductor company’s stock worth $212,997,000 after purchasing an additional 207,587 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of onsemi by 8.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,334,491 shares of the semiconductor company’s stock worth $267,026,000 after purchasing an additional 268,267 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ON has been the subject of a number of analyst reports. Truist Financial lifted their price target on shares of onsemi from $75.00 to $76.00 and gave the company a “hold” rating in a research report on Tuesday, November 3rd. Wells Fargo & Company reduced their price target on onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 3rd. Seaport Research Partners initiated coverage on onsemi in a research note on Tuesday, September 22nd. They set a “buy” rating and a $100.00 price objective on the stock. UBS Group restated a “neutral” rating on shares of onsemi in a research note on Thursday, September 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $116.00 price objective on shares of onsemi in a report on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, onsemi currently has an average rating of “Moderate Buy” and an average price target of $95.03.

Insider Buying and Selling at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 158,177 shares in the company, valued at approximately $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company’s stock.

onsemi Trading Up 0.7%

ON opened at $69.61 on Wednesday. The company’s 50 day moving average is $74.06 and its 200-day moving average is $82.22. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The company has a current ratio of 3.55, a quick ratio of 2.61 and a debt-to-equity ratio of 0.49. The company has a market cap of $27.10 billion, a P/E ratio of 40.47, a PEG ratio of 0.55 and a beta of 2.11.

onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. onsemi had a net margin of 10.82% and a return on equity of 15.53%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. Equities research analysts predict that onsemi will post 3.27 earnings per share for the current fiscal year.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi launched EliteSiC M4, a fourth-generation platform that the company says can deliver up to 30% higher power density and 35% lower energy losses than the prior generation. The performance gains could help onsemi compete for power-conversion designs in expanding AI, EV and energy markets. The 750V automotive traction bare die is available now; other voltage options, up to 1200V, are expected from 2027. Article: onsemi’s EliteSiC M4 Pushes Power Density Higher as Energy Demands Grow
• Neutral Sentiment: The product announcement is a potential longer-term growth driver, but broader customer adoption and revenue contribution are not yet clear; most of the announced voltage range is not expected until 2027.
• Negative Sentiment: A recent filing summary reports that an onsemi executive sold 15,578 shares. This is a limited insider-sale signal and does not, by itself, establish a change in the company’s outlook.

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.