80,550 Shares in onsemi $ON Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in onsemi (NASDAQ:ON) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 80,550 shares of the semiconductor company’s stock, valued at approximately $6,192,000.

A number of other hedge funds have also modified their holdings of the business. Ascentis Independent Advisors acquired a new position in shares of onsemi in the 1st quarter valued at $36,000. Ninety One UK Ltd purchased a new stake in onsemi in the 3rd quarter valued at $36,000. Root Financial Partners LLC boosted its stake in onsemi by 39.4% during the 1st quarter. Root Financial Partners LLC now owns 701 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 198 shares during the period. Compass Financial Management LLC acquired a new stake in onsemi during the 2nd quarter worth $67,000. Finally, IFP Advisors Inc boosted its stake in onsemi by 74.1% during the 2nd quarter. IFP Advisors Inc now owns 1,327 shares of the semiconductor company’s stock worth $125,000 after purchasing an additional 565 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

onsemi Stock Performance

NASDAQ:ON opened at $71.67 on Monday. The stock has a fifty day moving average price of $74.75 and a two-hundred day moving average price of $81.96. The stock has a market capitalization of $27.90 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 0.59 and a beta of 2.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. During the same period in the previous year, the firm earned $0.53 EPS. The business’s revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts anticipate that onsemi will post 3.21 earnings per share for the current fiscal year.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Options-market data indicate traders are positioning for a potential post-earnings rally, suggesting some investors expect results or guidance to exceed the market’s cautious expectations. Ahead of On Semiconductor Earnings, Here’s What Barchart Data Says Comes Next for ON Stock
• Positive Sentiment: Analysts are generally maintaining positive ratings, and the prior quarter showed momentum: onsemi exceeded EPS and revenue estimates, with revenue rising 9.2% year over year. The upcoming report could reinforce that recovery if management delivers on its forecast. Earnings to watch: onsemi reports Q3 results tomorrow
• Neutral Sentiment: onsemi is expected to report third-quarter results around early November, with estimates cited at approximately $0.88 in EPS and $1.7 billion in revenue. Investors will focus on automotive and industrial semiconductor demand, margins, and forward guidance. ON Semiconductor Earnings Are Imminent
• Negative Sentiment: Several analysts have reduced price targets ahead of earnings, signaling concern that the semiconductor recovery may be slower than previously anticipated. The stock’s elevated valuation—about 46 times earnings—also leaves limited room for an earnings or guidance disappointment. Analysts Revise Forecasts Ahead of Earnings Call

Insider Activity

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $80.00, for a total value of $1,246,240.00. Following the completion of the transaction, the insider owned 158,177 shares in the company, valued at $12,654,160. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on ON shares. Zacks Research cut onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. UBS Group reiterated a “neutral” rating on shares of onsemi in a research note on Thursday, September 17th. Seaport Research Partners assumed coverage on onsemi in a report on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 target price on the stock. Stifel Nicolaus upped their price target on onsemi from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, October 5th. Finally, Susquehanna decreased their price target on onsemi from $150.00 to $120.00 and set a “positive” rating for the company in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, onsemi currently has a consensus rating of “Moderate Buy” and an average target price of $92.68.

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.