MassMutual Private Wealth & Trust FSB Reduces Stock Position in onsemi $ON

MassMutual Private Wealth & Trust FSB lessened its holdings in shares of onsemi (NASDAQ:ON) by 85.0% during the second quarter, Holdings Channel reports. The firm owned 4,102 shares of the semiconductor company’s stock after selling 23,312 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in onsemi were worth $388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ON. Redwood Investment Management LLC purchased a new stake in onsemi in the 1st quarter worth approximately $1,083,000. Pacer Advisors Inc. raised its holdings in shares of onsemi by 5.9% during the first quarter. Pacer Advisors Inc. now owns 1,544,424 shares of the semiconductor company’s stock valued at $95,631,000 after acquiring an additional 85,433 shares in the last quarter. Janus Henderson Group PLC lifted its stake in onsemi by 10.9% in the first quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock worth $848,392,000 after acquiring an additional 1,345,894 shares during the period. Empowered Funds LLC boosted its holdings in onsemi by 814.1% in the first quarter. Empowered Funds LLC now owns 240,614 shares of the semiconductor company’s stock valued at $14,899,000 after acquiring an additional 214,292 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in onsemi by 13.3% during the 1st quarter. Quantinno Capital Management LP now owns 788,484 shares of the semiconductor company’s stock valued at $48,823,000 after purchasing an additional 92,309 shares during the period. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Roth Capital reaffirmed a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Citigroup lowered their price objective on shares of onsemi from $120.00 to $98.00 and set a “neutral” rating for the company in a report on Wednesday. Bank of America lifted their price objective on onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their target price on onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Barclays increased 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. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, onsemi presently has a consensus rating of “Hold” and a consensus target price of $100.62.

onsemi Stock Performance

Shares of ON opened at $76.91 on Thursday. The company has a quick ratio of 3.14, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The stock has a market cap of $30.14 billion, a P/E ratio of 49.30, a P/E/G ratio of 0.86 and a beta of 2.03. The business’s 50 day moving average price is $102.40 and its 200-day moving average price is $85.33. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92.

onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Equities research analysts anticipate that onsemi will post 3.2 earnings per share for the current fiscal year.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported second-quarter revenue of approximately $1.60 billion and adjusted EPS of $0.74, exceeding consensus estimates. Management guided for third-quarter EPS of $0.81–$0.93 and said AI data-center revenue could more than double in 2026. ON Q2 Earnings Beat Estimates
• Positive Sentiment: Analysts highlighted improving margins, higher factory utilization, record free cash flow and growing AI data-center demand. A Zacks upgrade to Rank #2, or Buy, added another supportive signal for the stock. ON Semiconductor Moves to Buy
• Neutral Sentiment: Analyst views remain mixed. Baird raised its target to $108 while retaining a Neutral rating; Goldman Sachs kept a Hold rating and a $95 target. These targets imply potential upside but signal that much of the AI opportunity may already be reflected in the valuation.
• Negative Sentiment: Several firms lowered their targets, including Citigroup to $98, Mizuho to $110, Wells Fargo to $110 and Needham to $116. Analysts cited competitive pressures and a more balanced risk-reward profile despite the improving outlook. Analyst Price-Target Changes
• Negative Sentiment: onsemi is prioritizing AI data-center shipments over some automotive and industrial demand, while supply constraints could limit near-term upside. Investors also remain attentive to valuation and execution risks surrounding the company’s AI expansion and planned Synaptics acquisition.

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.