Alight Capital Management LP Invests $4.06 Million in onsemi $ON

Alight Capital Management LP bought a new position in onsemi (NASDAQ:ON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 75,000 shares of the semiconductor company’s stock, valued at approximately $4,061,000.

A number of other large investors have also added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in onsemi by 187.9% during the 1st quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock valued at $4,863,000 after purchasing an additional 79,206 shares during the period. Geneos Wealth Management Inc. grew its position in onsemi by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 507 shares during the period. Brown Advisory Inc. bought a new position in onsemi during the 2nd quarter valued at $201,000. Cresset Asset Management LLC lifted its stake in onsemi by 24.8% during the 2nd quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock valued at $531,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in onsemi by 108.0% during the 2nd quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock valued at $1,659,000 after acquiring an additional 16,435 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ON. Wells Fargo & Company lifted their target price on onsemi from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. TD Cowen lifted their target price on onsemi from $80.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Robert W. Baird boosted their price objective on onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Truist Financial reissued a “hold” rating and set a $101.00 price objective (up from $66.00) on shares of onsemi in a report on Tuesday, May 5th. Finally, Barclays boosted their price objective on onsemi from $75.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, onsemi presently has an average rating of “Moderate Buy” and a consensus price target of $94.68.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Negative Sentiment: Semiconductor stocks are selling off amid higher-rate jitters and broader profit-taking, pressuring onsemi (ON) with the rest of the chip sector.
• Negative Sentiment: onsemi’s recent convertible-notes financing may be creating short-term hedging and supply pressure in the shares.
• Neutral Sentiment: The company’s latest quarterly results were stronger than expected, but that positive fundamental backdrop is being overshadowed by macro and technical factors.

Insider Transactions at onsemi

In related 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 transaction, the chief financial officer directly owned 301,194 shares of the company’s stock, valued at $28,011,042. This represents a 9.06% decrease in their position. 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. 0.35% of the stock is owned by corporate insiders.

onsemi Stock Down 4.5%

ON stock opened at $112.92 on Thursday. The business’s 50-day moving average is $104.04 and its two-hundred day moving average is $75.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92. The company has a market cap of $44.25 billion, a price-to-earnings ratio of 80.09, a P/E/G ratio of 1.05 and a beta of 1.97.

onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $1.51 billion during 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%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, analysts forecast that onsemi will post 3.09 earnings per share for the current year.

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.