Burkett Asset Management Ltd Makes New $307,000 Investment in onsemi $ON

Burkett Asset Management Ltd acquired a new position in shares of onsemi (NASDAQ:ON) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,670 shares of the semiconductor company’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ON. Norges Bank acquired a new stake in onsemi during the fourth quarter worth approximately $330,885,000. Two Sigma Investments LP raised its holdings in onsemi by 636.1% during the third quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock worth $184,900,000 after purchasing an additional 3,240,375 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in onsemi by 55.0% during the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after purchasing an additional 2,072,125 shares in the last quarter. Alliancebernstein L.P. raised its holdings in onsemi by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after purchasing an additional 1,523,866 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its holdings in onsemi by 53.3% during the third quarter. Voloridge Investment Management LLC now owns 3,331,427 shares of the semiconductor company’s stock worth $164,273,000 after purchasing an additional 1,157,962 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

onsemi Stock Performance

Shares of ON opened at $115.96 on Friday. 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 stock has a market capitalization of $45.44 billion, a P/E ratio of 82.24, a P/E/G ratio of 0.98 and a beta of 1.97. The company’s fifty day moving average is $99.56 and its two-hundred day moving average is $73.92. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ON shares. JPMorgan Chase & Co. lifted their target price on shares of onsemi from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Bank of America lifted their target price on shares of onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. Cantor Fitzgerald lifted their target price on shares of onsemi from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $92.96.

More onsemi News

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

Insider Transactions at onsemi

In other onsemi news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the transaction, the chief financial officer directly owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. The trade was a 9.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.