Fisher Funds Management LTD Has $4.86 Million Holdings in onsemi $ON

Fisher Funds Management LTD lessened its stake in onsemi (NASDAQ:ON) by 10.6% in the first quarter, HoldingsChannel reports. The firm owned 78,462 shares of the semiconductor company’s stock after selling 9,267 shares during the period. Fisher Funds Management LTD’s holdings in onsemi were worth $4,858,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ON. CVA Family Office LLC boosted its holdings in onsemi by 83.7% during the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after buying an additional 215 shares during the last quarter. Root Financial Partners LLC grew its position in shares of 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 buying an additional 149 shares during the period. DV Equities LLC bought a new stake in shares of onsemi in the 4th quarter valued at about $30,000. SHP Wealth Management bought a new stake in shares of onsemi in the 4th quarter valued at about $32,000. Finally, Summit Securities Group LLC raised its position in shares of onsemi by 346.3% in the 4th quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 464 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi’s new GaNEXUS portfolio could expand its addressable market in high-growth power applications, supporting longer-term revenue and margin growth. ON Semiconductor (ON) Launches GaNEXUS Gallium Nitride Power Portfolio for Enhanced Efficiency
• Positive Sentiment: Analyst-style coverage says onsemi’s Treo platform is gaining traction in automotive, which could reinforce investor confidence in the company’s growth outlook. Can onsemi’s Treo Platform Unlock New Automotive Opportunities?
• Neutral Sentiment: Broader market commentary also grouped onsemi with other semiconductor names trading higher after renewed enthusiasm for U.S. chip manufacturing and AI-related supply-chain themes. Power Integrations, Lattice Semiconductor, and onsemi Stocks Trade Up, What You Need To Know

Insider Activity

In other news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the sale, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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

ON has been the topic of several recent analyst reports. Truist Financial reissued a “hold” rating and set a $101.00 price objective (up from $66.00) on shares of onsemi in a research note on Tuesday, May 5th. Wall Street Zen raised shares of onsemi from a “hold” rating to a “buy” rating in a research note on Monday, April 13th. B. Riley Financial upgraded shares of onsemi from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Thursday, April 23rd. TD Cowen lifted their price target on shares of onsemi from $80.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Barclays boosted their price target on shares of onsemi from $75.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $94.68.

onsemi Stock Performance

Shares of NASDAQ:ON opened at $121.62 on Monday. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $106.26 and its 200 day simple moving average is $76.89. The firm has a market cap of $47.66 billion, a price-to-earnings ratio of 86.26, a PEG ratio of 1.08 and a beta of 1.97.

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

onsemi Company 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.