Burkett Asset Management Ltd Acquires Shares of 5,670 onsemi $ON

Burkett Asset Management Ltd purchased a new position in shares of onsemi (NASDAQ:ON) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 5,670 shares of the semiconductor company’s stock, valued at approximately $307,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. M&G PLC grew its stake in shares of onsemi by 7.6% during the 3rd quarter. M&G PLC now owns 2,647,003 shares of the semiconductor company’s stock worth $129,703,000 after purchasing an additional 187,899 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of onsemi by 38.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock worth $215,624,000 after purchasing an additional 1,112,774 shares during the period. Quantbot Technologies LP grew its stake in shares of onsemi by 67.3% during the 3rd quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company’s stock worth $4,642,000 after purchasing an additional 37,881 shares during the period. DNB Asset Management AS grew its stake in shares of onsemi by 30.9% during the 3rd quarter. DNB Asset Management AS now owns 723,688 shares of the semiconductor company’s stock worth $35,685,000 after purchasing an additional 170,635 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of onsemi during the 3rd quarter worth $991,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ON has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of onsemi from $115.00 to $138.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. B. Riley Financial raised shares of onsemi from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Thursday, April 23rd. Susquehanna upped their price target on shares of onsemi from $100.00 to $120.00 and gave the stock a “positive” rating in a research note on Tuesday, May 5th. Robert W. Baird upped their price target on shares of onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company boosted their price objective on shares of onsemi from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.96.

onsemi Price Performance

onsemi stock opened at $115.96 on Friday. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $99.56 and its 200 day simple moving average is $73.92. The firm has a market capitalization of $45.44 billion, a PE ratio of 82.24, a P/E/G ratio of 0.98 and a beta of 1.97.

onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, topping 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 business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, equities research analysts predict that onsemi will post 3.09 EPS for the current fiscal year.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi’s new GaNEXUS GaN power lineup could boost its AI data center and industrial growth opportunity by addressing demand for faster, more efficient power solutions. Will GaNEXUS Accelerate ON’s AI Data Center Growth Story?
• Positive Sentiment: Analyst-style coverage and market commentary suggest the recent ON rally may have more room to run, which can support buying interest. ON Semiconductor: The Rally Still Has Legs
• Neutral Sentiment: ON Semiconductor Corp. was highlighted as a trending stock on Zacks, indicating elevated investor attention but no new fundamental update by itself. ON Semiconductor Corporation (ON) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: A prior session showed ON Semiconductor fell sharply, reminding investors the stock remains volatile and can give back gains quickly. ON Semiconductor Corp. (ON) Registers a Bigger Fall Than the Market: Important Facts to Note

Insider Activity at onsemi

In related news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value 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. The trade was a 9.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by corporate insiders.

onsemi 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.