Assenagon Asset Management S.A. Increases Stock Holdings in onsemi $ON

Assenagon Asset Management S.A. increased its stake in shares of onsemi (NASDAQ:ON) by 4.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,606,274 shares of the semiconductor company’s stock after purchasing an additional 72,514 shares during the period. Assenagon Asset Management S.A.’s holdings in onsemi were worth $99,460,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in onsemi by 187.9% during the 1st quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock worth $4,863,000 after buying an additional 79,206 shares during the period. Geneos Wealth Management Inc. increased its position in shares of onsemi by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 507 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of onsemi during the second quarter worth about $201,000. Cresset Asset Management LLC lifted its stake in shares of onsemi by 24.8% in the second quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock worth $531,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in onsemi by 108.0% in the second quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock valued at $1,659,000 after purchasing an additional 16,435 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Neutral Sentiment: Semiconductor stocks came under pressure after reports that SK Hynix may slow HBM expansion, dragging on the broader chip group and affecting onsemi alongside peers.
• Neutral Sentiment: Recent commentary suggested onsemi’s stock has already posted a large multi-month gain, increasing the chance of profit-taking as investors reassess valuation after the rally.
• Positive Sentiment: onsemi’s recent quarterly results were solid, with EPS of $0.64 beating estimates of $0.61 and revenue of $1.51 billion topping forecasts, which helps support the long-term bull case. onsemi stock page

onsemi Trading Down 1.6%

Shares of NASDAQ ON opened at $115.20 on Thursday. 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 stock’s 50 day moving average price is $109.37 and its two-hundred day moving average price is $78.30. onsemi has a 52-week low of $44.56 and a 52-week high of $134.92. The stock has a market capitalization of $45.15 billion, a P/E ratio of 81.71, a PEG ratio of 1.04 and a beta of 1.97.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned $0.55 EPS. The business’s revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, analysts anticipate that onsemi will post 3.09 earnings per share for the current fiscal year.

Insider Transactions at onsemi

In related news, CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. 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 company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ON. Wall Street Zen upgraded onsemi from a “hold” rating to a “buy” rating in a research note on Monday, April 13th. Jefferies Financial Group upped their target price on onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Evercore reiterated an “outperform” rating on shares of onsemi in a research note on Tuesday, May 5th. B. Riley Financial raised shares of onsemi from a “neutral” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Thursday, April 23rd. Finally, Barclays lifted their price target on shares of onsemi from $75.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. One investment 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.56.

onsemi 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.