Weiss Asset Management LP Sells 103,007 Shares of onsemi $ON

Weiss Asset Management LP trimmed its stake in shares of onsemi (NASDAQ:ON) by 59.2% in the 1st quarter, Holdings Channel reports. The firm owned 71,113 shares of the semiconductor company’s stock after selling 103,007 shares during the period. Weiss Asset Management LP’s holdings in onsemi were worth $4,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC raised its stake in onsemi by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 149 shares during the last quarter. DV Equities LLC purchased a new position in shares of onsemi in the 4th quarter worth $30,000. Ascentis Independent Advisors purchased a new position in shares of onsemi in the 1st quarter worth $36,000. SHP Wealth Management bought a new stake in shares of onsemi in the fourth quarter worth $32,000. Finally, Summit Securities Group LLC grew its holdings in shares of onsemi by 346.3% in the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 464 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: Chip stocks were under pressure after a major peer posted a softer-than-expected outlook, which weighed on the whole semiconductor group and dragged onsemi lower with it.
• Negative Sentiment: Investor caution remains elevated ahead of onsemi’s next earnings report, scheduled for August 3, leaving the stock without an immediate near-term catalyst.
• Negative Sentiment: Ongoing concerns around onsemi’s planned all-stock Synaptics acquisition may also be contributing to sentiment, as the deal adds execution and integration risk.
• Neutral Sentiment: Recent commentary has noted that while onsemi has beaten earnings expectations in prior quarters, the market is currently focused more on industry weakness and the upcoming report than on prior results.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Needham & Company LLC upped their price objective on onsemi from $110.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Barclays raised their target price on onsemi from $75.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Evercore restated an “outperform” rating and set a $137.00 price target on shares of onsemi in a research note on Friday, June 26th. Citigroup upped their price target on shares of onsemi from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Finally, Zacks Research cut shares of onsemi from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Fourteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $102.24.

onsemi Price Performance

Shares of NASDAQ:ON opened at $86.81 on Monday. The company has a market capitalization of $34.02 billion, a P/E ratio of 61.57, a P/E/G ratio of 0.96 and a beta of 2.01. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The firm’s 50 day simple moving average is $107.67 and its two-hundred day simple moving average is $84.13. 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 (NASDAQ:ON) last announced its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Research analysts expect that onsemi will post 3.09 EPS for the current fiscal year.

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.