SEB Asset Management AB Acquires Shares of 166,569 onsemi $ON

SEB Asset Management AB bought a new stake in shares of onsemi (NASDAQ:ON) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 166,569 shares of the semiconductor company’s stock, valued at approximately $10,314,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ON. Kestra Private Wealth Services LLC lifted its stake in shares of onsemi by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company’s stock worth $282,000 after acquiring an additional 125 shares in the last quarter. Apollon Wealth Management LLC grew its stake in onsemi by 1.8% during the 1st quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 127 shares in the last quarter. Evexia Wealth LLC increased its holdings in onsemi by 1.1% during the 1st quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company’s stock worth $825,000 after purchasing an additional 142 shares during the last quarter. Root Financial Partners LLC increased its holdings in onsemi by 42.1% during 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 last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of onsemi by 2.7% in the 1st quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 157 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Neutral Sentiment: MarketBeat highlighted onsemi as one of the “ugliest stocks” now attracting expensive options bets, suggesting some traders are looking for a rebound in oversold names, but this is more sentiment-driven than fundamental. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence (ON)
• Positive Sentiment: The broader article argues that institutional options activity can signal a potential rebound in oversold stocks, which could support investor interest in onsemi if sentiment toward semiconductors improves. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence (ON)

onsemi Stock Down 0.8%

Shares of NASDAQ:ON opened at $86.70 on Tuesday. The company’s fifty day moving average is $109.49 and its two-hundred day moving average is $83.17. 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 1-year low of $44.56 and a 1-year high of $134.92. The stock has a market capitalization of $33.98 billion, a price-to-earnings ratio of 61.49, a price-to-earnings-growth ratio of 0.78 and a beta of 2.01.

onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Equities analysts anticipate that onsemi will post 3.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup increased their target price on onsemi from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. TD Cowen cut their price target on shares of onsemi from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Rosenblatt Securities increased their price objective on shares of onsemi from $60.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Evercore reissued an “outperform” rating and set a $137.00 price objective on shares of onsemi in a report on Friday, June 26th. Finally, Wall Street Zen raised shares of onsemi from a “hold” rating to a “buy” rating in a research report on Monday, April 13th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $102.24.

Insider Buying and Selling at onsemi

In other news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 301,194 shares in the company, valued at approximately $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.