Great Lakes Advisors LLC Sells 74,831 Shares of onsemi $ON

Great Lakes Advisors LLC reduced its stake in onsemi (NASDAQ:ON) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 278,149 shares of the semiconductor company’s stock after selling 74,831 shares during the quarter. Great Lakes Advisors LLC’s holdings in onsemi were worth $15,062,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC raised its holdings in onsemi by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 215 shares during the period. Root Financial Partners LLC raised its holdings in onsemi by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 149 shares during the period. Darwin Wealth Management LLC bought a new position in onsemi in the 2nd quarter worth $32,000. Deseret Mutual Benefit Administrators raised its holdings in onsemi by 28.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 160 shares during the period. Finally, Close Asset Management Ltd bought a new position in onsemi in the 3rd quarter worth $38,000. 97.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ON shares. Cantor Fitzgerald increased their price target on onsemi from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Roth Mkm reiterated a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Citigroup increased their price target on onsemi from $68.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Jefferies Financial Group increased their price target on onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Robert W. Baird increased their price target on onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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’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

onsemi Trading Up 5.3%

Shares of ON 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 debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. The firm has a market capitalization of $45.44 billion, a PE ratio of 82.24, a PEG ratio of 0.98 and a beta of 1.97. The stock has a fifty day simple moving average of $99.56 and a two-hundred day simple moving average of $73.92.

onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, analysts predict that onsemi will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling at onsemi

In other news, CFO Trent Thad sold 30,000 shares of the firm’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 completion of the transaction, the chief financial officer owned 301,194 shares in the company, valued at $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by 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.