onsemi $ON Shares Sold by AXQ Capital LP

AXQ Capital LP decreased its holdings in onsemi (NASDAQ:ON) by 70.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,976 shares of the semiconductor company’s stock after selling 16,424 shares during the quarter. AXQ Capital LP’s holdings in onsemi were worth $378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. 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 valued at $215,624,000 after acquiring an additional 1,112,774 shares in the last quarter. M&G PLC boosted its stake in onsemi by 7.6% during the third quarter. M&G PLC now owns 2,647,003 shares of the semiconductor company’s stock worth $129,703,000 after buying an additional 187,899 shares during the last quarter. Quantbot Technologies LP boosted its stake in onsemi by 67.3% during the third quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company’s stock worth $4,642,000 after buying an additional 37,881 shares during the last quarter. DNB Asset Management AS grew its holdings in onsemi by 30.9% in the 3rd quarter. DNB Asset Management AS now owns 723,688 shares of the semiconductor company’s stock valued at $35,685,000 after buying an additional 170,635 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of onsemi in the 3rd quarter worth $991,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at onsemi

In related news, CFO Trent Thad sold 30,000 shares of the 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 sale, the chief financial officer owned 301,194 shares in the company, valued at $28,011,042. This represents a 9.06% decrease in their position. The sale was disclosed in a document filed 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. Also, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the transaction, the insider directly owned 173,943 shares in the company, valued at approximately $10,205,235.81. This represents a 3.40% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 66,114 shares of company stock valued at $5,548,708. 0.35% of the stock is owned by insiders.

onsemi Trading Down 1.6%

Shares of onsemi stock opened at $131.82 on Friday. The company has a fifty day simple moving average of $93.93 and a 200-day simple moving average of $71.44. The stock has a market cap of $51.66 billion, a price-to-earnings ratio of 93.49, a PEG ratio of 1.19 and a beta of 1.97. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41.

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

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi’s latest earnings beat expectations, with revenue and EPS topping estimates, which reinforced confidence in the company’s near-term operating momentum.
• Positive Sentiment: Recent coverage highlighted onsemi as a beneficiary of rising demand for power and analog chips used in AI infrastructure, EVs, and industrial automation, keeping the stock in a favorable narrative.Article Title
• Neutral Sentiment: The company also drew attention from traders after leveraged 2x ETFs linked to ON Semiconductor launched, which can increase short-term trading interest but does not change fundamentals directly.Article Title

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price target on shares of onsemi from $56.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Citigroup lifted their price objective on onsemi from $68.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Cantor Fitzgerald upped their target price on shares of onsemi from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Rosenblatt Securities upped their price objective on onsemi from $60.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Roth Mkm reiterated a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

onsemi 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.