TD Asset Management Inc Sells 18,873 Shares of onsemi $ON

TD Asset Management Inc decreased its stake in onsemi (NASDAQ:ON) by 9.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 175,390 shares of the semiconductor company’s stock after selling 18,873 shares during the period. TD Asset Management Inc’s holdings in onsemi were worth $9,497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ON. Pictet Asset Management Holding SA increased its stake in 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 purchasing an additional 1,112,774 shares in the last quarter. M&G PLC grew its holdings in shares of onsemi by 7.6% in the 3rd quarter. M&G PLC now owns 2,647,003 shares of the semiconductor company’s stock valued at $129,703,000 after buying an additional 187,899 shares during the period. Quantbot Technologies LP grew its holdings in shares of onsemi by 67.3% in the 3rd quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company’s stock valued at $4,642,000 after buying an additional 37,881 shares during the period. DNB Asset Management AS increased its position in shares of 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 onsemi during the 3rd quarter worth $991,000. 97.70% of the stock is owned by institutional investors.

Insider Activity at onsemi

In other news, CFO Trent Thad sold 30,000 shares of the company’s 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 sale, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of onsemi stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the sale, the insider owned 173,943 shares of the company’s stock, valued at approximately $10,205,235.81. This trade represents a 3.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 66,114 shares of company stock valued at $5,548,708. 0.35% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on ON shares. Citigroup lifted their price target on shares of onsemi from $68.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Jefferies Financial Group upped their price objective on onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Rosenblatt Securities lifted their price target on onsemi from $60.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of onsemi in a report on Wednesday, April 29th. Finally, TD Cowen lifted their price target on onsemi from $80.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $92.96.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi launched GaNEXUS, a new gallium nitride power portfolio aimed at higher efficiency, greater power density, and improved thermal performance for AI data centers, robotics, industrial automation, and energy infrastructure. Article Title
• Positive Sentiment: The company also introduced Elite Pairing Studio, an online simulation tool that helps engineers optimize SiC MOSFET and gate-driver pairings, which could strengthen customer adoption and speed design wins in automotive and AI-related power systems. Article Title
• Neutral Sentiment: onsemi’s recent quarterly results were solid, with revenue of about $1.5 billion up year over year, but the stock’s near-term trading has been driven more by sector sentiment than by earnings. Article Title
• Negative Sentiment: Broader chip-sector weakness hit sentiment after macro worries and geopolitical headlines prompted investors to de-risk semiconductor names. Article Title
• Negative Sentiment: Investor caution is also being reinforced by recent insider sales and earlier financing-related concerns, which can weigh on the stock even when operational news is positive. Article Title

onsemi Trading Down 3.2%

ON opened at $117.00 on Wednesday. The company has a fifty day moving average price of $97.39 and a two-hundred day moving average price of $72.97. onsemi has a 1-year low of $44.56 and a 1-year 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. The company has a market cap of $45.85 billion, a P/E ratio of 82.98, a price-to-earnings-growth ratio of 1.08 and a beta of 1.97.

onsemi (NASDAQ:ON) last announced its 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 company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.onsemi’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Analysts predict that onsemi will post 3.09 EPS for the current fiscal year.

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.