onsemi $ON Holdings Increased by Philadelphia Trust Co.

Philadelphia Trust Co. increased its position in onsemi (NASDAQ:ON) by 542.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,870 shares of the semiconductor company’s stock after buying an additional 44,642 shares during the quarter. Philadelphia Trust Co.’s holdings in onsemi were worth $4,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ON. Provenance Wealth Advisors LLC boosted its position in onsemi by 3,318.2% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 376 shares of the semiconductor company’s stock worth $29,000 after buying an additional 365 shares during the period. Ninety One UK Ltd bought a new stake in onsemi during the 3rd quarter worth approximately $36,000. Ascentis Independent Advisors bought a new stake in onsemi during the 1st quarter worth approximately $36,000. Compass Financial Management LLC acquired a new position in onsemi in the 2nd quarter valued at approximately $67,000. Finally, IFP Advisors Inc increased its position in onsemi by 74.1% in the 2nd quarter. IFP Advisors Inc now owns 1,327 shares of the semiconductor company’s stock valued at $125,000 after acquiring an additional 565 shares during the period. Institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ON shares. Stifel Nicolaus raised their price target on shares of onsemi from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, October 5th. Needham & Company LLC reissued a “buy” rating and issued a $116.00 price objective on shares of onsemi in a research note on Tuesday, November 3rd. Robert W. Baird boosted their price objective on shares of onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Wells Fargo & Company decreased their price objective on onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, November 3rd. Finally, DA Davidson set a $110.00 target price on onsemi in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.03.

Insider Transactions at onsemi

In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the transaction, the insider directly owned 158,177 shares in the company, valued at approximately $12,654,160. This represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi launched EliteSiC M4, a fourth-generation platform that the company says can deliver up to 30% higher power density and 35% lower energy losses than the prior generation. The performance gains could help onsemi compete for power-conversion designs in expanding AI, EV and energy markets. The 750V automotive traction bare die is available now; other voltage options, up to 1200V, are expected from 2027. Article: onsemi’s EliteSiC M4 Pushes Power Density Higher as Energy Demands Grow
• Neutral Sentiment: The product announcement is a potential longer-term growth driver, but broader customer adoption and revenue contribution are not yet clear; most of the announced voltage range is not expected until 2027.
• Negative Sentiment: A recent filing summary reports that an onsemi executive sold 15,578 shares. This is a limited insider-sale signal and does not, by itself, establish a change in the company’s outlook.

onsemi Stock Up 0.7%

Shares of NASDAQ:ON opened at $69.61 on Wednesday. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.55 and a quick ratio of 2.61. The business’s 50-day moving average is $74.06 and its 200-day moving average is $82.22. The company has a market capitalization of $27.10 billion, a price-to-earnings ratio of 40.47, a P/E/G ratio of 0.55 and a beta of 2.11.

onsemi (NASDAQ:ON) last released its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. onsemi had a return on equity of 15.53% and a net margin of 10.82%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share. Equities research analysts predict that onsemi will post 3.27 earnings per share for the current year.

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.