16,201 onsemi $ON Shares Bought by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its onsemi position by 115.1% in the third quarter, adding 16,201 shares and bringing its total holdings to 30,277 shares valued at approximately $2.33 million.
• Other institutional investors also increased their positions, while Counterpoint Mutual Funds initiated a roughly $10.6 million stake. Institutional investors and hedge funds collectively own 97.7% of onsemi’s stock.
• Analyst sentiment remains cautiously positive, with a consensus “Moderate Buy” rating and an average price target of $92.68, although TD Cowen and B. Riley recently lowered their targets. Onsemi shares opened at $72.25, well below the 200-day moving average of $90.13.

Crossmark Global Holdings Inc. lifted its position in shares of onsemi (NASDAQ:ON - Free Report) by 115.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,277 shares of the semiconductor company's stock after acquiring an additional 16,201 shares during the period. Crossmark Global Holdings Inc.'s holdings in onsemi were worth $2,327,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of onsemi by 2.5% in the third quarter. Quadrant Capital Group LLC now owns 12,640 shares of the semiconductor company's stock valued at $969,000 after purchasing an additional 311 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of onsemi by 78.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 472,836 shares of the semiconductor company's stock worth $36,347,000 after buying an additional 207,628 shares during the period. SteelPeak Wealth LLC boosted its position in shares of onsemi by 19.1% during the third quarter. SteelPeak Wealth LLC now owns 9,526 shares of the semiconductor company's stock worth $732,000 after buying an additional 1,528 shares during the period. IFP Advisors Inc boosted its position in shares of onsemi by 207.5% during the third quarter. IFP Advisors Inc now owns 4,081 shares of the semiconductor company's stock worth $314,000 after buying an additional 2,754 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new position in onsemi in the 3rd quarter worth approximately $10,637,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi’s silicon-carbide technology was selected by Sungrow for its PowerTitan 3.0 utility-scale energy-storage platform, supporting power-conversion systems of up to 450 kW. The win strengthens onsemi’s position in the growing battery-storage and power-efficiency markets. Can Analyst Optimism Change The Bull Case For ON Semiconductor
• Positive Sentiment: B. Riley maintained a “Buy” rating while lowering its price target from $127 to $105. Although the reduction signals more conservative expectations, the revised target still implies substantial upside from the stock’s referenced price. B. Riley Stock Recommendations
• Neutral Sentiment: Recent product announcements featuring onsemi image sensors, including the AR0521 and AR0234, indicate ongoing use of the company’s components in surveillance and pedestrian-safety cameras, but the releases do not provide material details on revenue or order size. Vadzo Imaging Positions Falcon-521CRS
• Negative Sentiment: Analyst target reductions—including B. Riley’s cut and a separate TD Cowen reduction—are weighing on sentiment by implying that the recovery outlook and near-term semiconductor demand may be weaker than previously expected. onsemi Stock Gets Price Target Reduction from TD Cowen

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group restated a "neutral" rating on shares of onsemi in a research report on Thursday, September 17th. TD Cowen reduced their price target on onsemi from $95.00 to $75.00 and set a "hold" rating for the company in a research report on Monday, October 19th. B. Riley Financial decreased their price target on onsemi from $127.00 to $105.00 and set a "buy" rating for the company in a research note on Thursday. Weiss Ratings raised onsemi from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, August 7th. Finally, Stifel Nicolaus lifted their price objective on shares of onsemi from $75.00 to $80.00 and gave the company a "hold" rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $92.68.

onsemi Trading Down 1.3%

onsemi stock opened at $72.25 on Friday. The firm has a 50 day simple moving average of $75.02 and a 200-day simple moving average of $90.13. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49. The stock has a market capitalization of $28.13 billion, a PE ratio of 46.31, a price-to-earnings-growth ratio of 0.60 and a beta of 2.05. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92.

onsemi (NASDAQ:ON - Get Free Report) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, equities research analysts expect that onsemi will post 3.21 EPS for the current fiscal year.

Insider Activity

In other news, insider Sudhir Gopalswamy sold 15,578 shares of onsemi stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the transaction, the insider directly owned 158,177 shares in the company, valued at approximately $12,654,160. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company's stock.

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.

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