Pacer Advisors Inc. Trims Stake in onsemi $ON

Pacer Advisors Inc. cut its holdings in shares of onsemi (NASDAQ:ON) by 20.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,458,991 shares of the semiconductor company’s stock after selling 372,216 shares during the quarter. Pacer Advisors Inc.’s holdings in onsemi were worth $79,004,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ON. Kera Capital Partners Inc. raised its holdings in onsemi by 14.3% in the 4th quarter. Kera Capital Partners Inc. now owns 7,391 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 922 shares during the period. Compound Planning Inc. purchased a new position in onsemi during the fourth quarter worth about $247,000. Corient Private Wealth LLC boosted its stake in onsemi by 35.1% during the fourth quarter. Corient Private Wealth LLC now owns 109,895 shares of the semiconductor company’s stock worth $5,951,000 after buying an additional 28,551 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of onsemi during the fourth quarter valued at about $418,000. Finally, Empowered Funds LLC increased its position in shares of onsemi by 9.3% during the fourth quarter. Empowered Funds LLC now owns 26,322 shares of the semiconductor company’s stock valued at $1,425,000 after acquiring an additional 2,241 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

onsemi Price Performance

Shares of ON opened at $121.62 on Friday. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92. The firm’s 50 day moving average price is $105.19 and its 200 day moving average price is $76.39. The company has a market cap of $47.66 billion, a P/E ratio of 86.26, a PEG ratio of 1.01 and a beta of 1.97. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41.

onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The company 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 firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, research analysts forecast that onsemi will post 3.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ON. Citigroup upped their price objective on shares of onsemi from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on shares of onsemi from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Jefferies Financial Group boosted their target price on onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Barclays upped their price target on onsemi from $75.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Zacks Research raised onsemi from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.68.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: A Yahoo Finance market wrap said onsemi and other chip stocks moved up after President Trump announced Apple had agreed to design and manufacture chips with Intel in the U.S., lifting sentiment across the semiconductor sector. Power Integrations, Lattice Semiconductor, and onsemi Stocks Trade Up, What You Need To Know
• Positive Sentiment: Market commentary from Zacks said onsemi’s Treo platform is gaining traction in software-defined vehicles, with rapid adoption, new automotive wins, and margin-rich growth potential. That supports the view that ON can expand in higher-value auto semiconductors. Can onsemi’s Treo Platform Unlock New Automotive Opportunities?
• Neutral Sentiment: Earlier in the week, ON had been under pressure along with peers such as Qorvo and Lam Research, so part of today’s move may simply reflect a rebound in beaten-down chip stocks rather than company-specific news. Qorvo, onsemi, and Lam Research stocks trade down, what you need to know

Insider Activity

In other news, CFO Trent Thad sold 30,000 shares of the stock in a transaction on Thursday, April 23rd. The stock was 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 approximately $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company’s 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.