Carmel Capital Partners LLC Sells 6,777 Shares of onsemi $ON

Carmel Capital Partners LLC lessened its holdings in onsemi (NASDAQ:ON) by 9.2% during the 1st quarter, Holdings Channel reports. The firm owned 66,639 shares of the semiconductor company’s stock after selling 6,777 shares during the period. onsemi makes up approximately 1.5% of Carmel Capital Partners LLC’s portfolio, making the stock its 16th biggest position. Carmel Capital Partners LLC’s holdings in onsemi were worth $4,126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ON. CVA Family Office LLC boosted its stake in onsemi by 83.7% in the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 215 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of onsemi by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 149 shares during the period. DV Equities LLC acquired a new position in shares of onsemi in the 4th quarter valued at $30,000. SHP Wealth Management bought a new position in shares of onsemi in the 4th quarter worth $32,000. Finally, Summit Securities Group LLC boosted 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 worth $32,000 after purchasing an additional 464 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Bank of America said onsemi’s planned Synaptics acquisition could create long-term strategic synergies, adding complementary compute assets to onsemi’s power, sensing and control businesses and supporting its edge AI strategy. Onsemi’s Synaptics acquisition could unlock long-term synergies, says Bank of America
• Positive Sentiment: Separate coverage noted that onsemi was added to several Russell growth benchmarks, including the Russell 1000 Growth, which can support demand from index funds and help offset near-term volatility. Is ON Semiconductor (ON) Fully Valued Following Index Inclusion And Its Synaptics Deal?
• Neutral Sentiment: New product-related coverage highlighted Vadzo Imaging’s validation of an onsemi AR0830 HyperLux camera module for Raspberry Pi 5, which is supportive of the company’s image-sensing technology but likely not a major near-term stock driver. Vadzo Imaging Validates Bolt-830CRS: Onsemi AR0830 HyperLux 8MP 4K HDR MIPI Camera for Raspberry Pi 5
• Negative Sentiment: On the cautionary side, Pomerantz Law Firm announced an investor investigation into onsemi, which can create headline risk even if it does not imply wrongdoing. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ON Semiconductor Corporation – ON

Insider Activity

In related news, CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction 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. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on ON. Bank of America upped their price objective on onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen upgraded onsemi from a “hold” rating to a “buy” rating in a report on Monday, April 13th. Truist Financial reaffirmed a “hold” rating and issued a $101.00 price target (up from $66.00) on shares of onsemi in a research note on Tuesday, May 5th. Citigroup lifted their price objective on shares of onsemi from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $95.00 target price on shares of onsemi in a research note on Monday, June 29th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $103.24.

onsemi Trading Down 2.0%

NASDAQ ON opened at $95.96 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14. The stock’s 50-day moving average is $111.13 and its 200-day moving average is $81.51. onsemi has a one year low of $44.56 and a one year high of $134.92. The firm has a market cap of $37.61 billion, a P/E ratio of 68.06, a P/E/G ratio of 0.87 and a beta of 2.01.

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