Swiss National Bank Purchases 60,200 Shares of onsemi $ON

Swiss National Bank raised its position in onsemi (NASDAQ:ON) by 5.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,180,800 shares of the semiconductor company’s stock after acquiring an additional 60,200 shares during the period. Swiss National Bank’s holdings in onsemi were worth $73,115,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ON. Norges Bank acquired a new stake in shares of onsemi during the 4th quarter worth approximately $330,885,000. Two Sigma Investments LP lifted its position 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 worth $184,900,000 after purchasing an additional 3,240,375 shares during the period. Rafferty Asset Management LLC lifted its position 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 worth $305,943,000 after purchasing an additional 2,072,125 shares during the period. Marshall Wace LLP boosted its stake in onsemi by 23,784.8% during the fourth quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company’s stock worth $92,928,000 after buying an additional 1,708,937 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in onsemi by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after buying an additional 1,523,866 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

onsemi Stock Up 5.0%

ON opened at $91.06 on Wednesday. The firm’s 50-day simple moving average is $109.23 and its 200-day simple moving average is $83.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 64.58, a PEG ratio of 0.77 and a beta of 2.01.

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

Insider Activity

In related news, CFO Trent Thad sold 30,000 shares of the company’s stock in a transaction dated 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 transaction, 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 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Susquehanna increased their price objective on shares of onsemi from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Thursday, July 9th. Wells Fargo & Company decreased their target price on shares of onsemi from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Monday. Morgan Stanley upped their target price on shares of onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Barclays raised their price target on shares of onsemi from $75.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC lifted their price objective on onsemi from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, June 26th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, onsemi has an average rating of “Hold” and an average target price of $102.24.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi disclosed $110,000 of Q2 lobbying tied to AI data center power use, CHIPS Act issues, tax policy, and national-security-related technologies, underscoring its exposure to long-term semiconductor demand themes.
• Positive Sentiment: Analysts remain constructive overall, with recent price targets ranging from $107 to $150 and a median near $115, suggesting Wall Street still sees meaningful upside from current levels.
• Neutral Sentiment: Pomerantz LLP opened an investigation into claims on behalf of ON investors. This may create some headline risk, but it is an early-stage legal development rather than a formal enforcement action.
• Neutral Sentiment: Recent insider sales and mixed hedge fund positioning may temper enthusiasm, but these signals are not new and appear to be outweighed today by broader interest in the stock.

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.