Janus Henderson Group PLC Has $669.02 Million Stake in onsemi $ON

Janus Henderson Group PLC trimmed its stake in onsemi (NASDAQ:ON) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,354,990 shares of the semiconductor company’s stock after selling 2,847,757 shares during the period. Janus Henderson Group PLC’s holdings in onsemi were worth $669,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ON. Norges Bank acquired a new stake in onsemi in the fourth quarter valued at $330,885,000. Two Sigma Investments LP lifted its holdings in 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 buying an additional 3,240,375 shares during the period. Rafferty Asset Management LLC lifted its holdings in 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 buying an additional 2,072,125 shares during the period. Marshall Wace LLP lifted its holdings in 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 buying an additional 1,708,937 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in 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 buying an additional 1,523,866 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

onsemi Price Performance

Shares of NASDAQ ON opened at $112.92 on Thursday. The firm’s 50-day moving average price is $104.04 and its 200-day moving average price is $75.88. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The firm has a market capitalization of $44.25 billion, a P/E ratio of 80.09, a P/E/G ratio of 1.05 and a beta of 1.97. 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 announced its quarterly earnings data 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. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Equities research analysts anticipate that onsemi will post 3.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on ON. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. Cantor Fitzgerald boosted their target price on shares of onsemi from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Bank of America boosted their target price on shares of onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Barclays boosted their target price on shares of onsemi from $75.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of onsemi from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.68.

Insider Buying and Selling at onsemi

In other onsemi 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 completion of the transaction, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. The trade was a 9.06% decrease in their position. The transaction was disclosed in a document filed 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. Corporate insiders own 0.35% of the company’s stock.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: Semiconductor stocks are selling off amid higher-rate jitters and broader profit-taking, pressuring onsemi (ON) with the rest of the chip sector.
• Negative Sentiment: onsemi’s recent convertible-notes financing may be creating short-term hedging and supply pressure in the shares.
• Neutral Sentiment: The company’s latest quarterly results were stronger than expected, but that positive fundamental backdrop is being overshadowed by macro and technical factors.

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.