51,400 Shares in onsemi $ON Acquired by SBI Okasan Asset Management Co.Ltd.

Key Points

• SBI Okasan Asset Management opened a new position in onsemi during the fourth quarter, buying 51,400 shares valued at about $2.78 million.
• Several analysts turned more bullish on the semiconductor maker, including B. Riley and Jefferies, while the consensus rating remains Moderate Buy with an average price target of $92.
• onsemi reported better-than-expected quarterly results, with EPS of $0.64 topping estimates and revenue of $1.51 billion exceeding forecasts, while upbeat commentary highlighted improving margins and AI-related demand.

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of onsemi (NASDAQ:ON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 51,400 shares of the semiconductor company's stock, valued at approximately $2,777,000.

A number of other hedge funds have also recently bought and sold shares of ON. CVA Family Office LLC boosted its position 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 acquiring an additional 215 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in onsemi during the second quarter worth approximately $32,000. Close Asset Management Ltd acquired a new stake in onsemi during the third quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in onsemi by 41.4% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 816 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 239 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in onsemi during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Insiders Place Their Bets

In related news, insider Sudhir Gopalswamy sold 6,114 shares of onsemi stock in a transaction on Friday, March 13th. The shares were sold at an average price of $58.67, for a total transaction of $358,708.38. Following the sale, the insider owned 173,943 shares of the company's stock, valued at $10,205,235.81. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Trent Thad sold 30,000 shares of onsemi 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 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 66,114 shares of company stock worth $5,548,708. Insiders own 0.35% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. 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 research report on Thursday, April 23rd. Jefferies Financial Group raised their target price on shares of onsemi from $73.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of onsemi in a research note on Tuesday, May 5th. Roth Mkm reaffirmed a "buy" rating on shares of onsemi in a research note on Tuesday, May 5th. Finally, Barclays increased 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 analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, onsemi currently has an average rating of "Moderate Buy" and an average price target of $92.00.

onsemi Stock Performance

Shares of ON stock opened at $123.77 on Friday. The company's fifty day simple moving average is $87.24 and its 200-day simple moving average is $68.66. onsemi has a 52 week low of $41.49 and a 52 week high of $129.13. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. The company has a market cap of $48.51 billion, a PE ratio of 87.78, a P/E/G ratio of 1.11 and a beta of 1.94.

onsemi (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $0.55 EPS. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, equities research analysts anticipate that onsemi will post 3.09 EPS for the current year.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Mizuho raised its price target on onsemi to $150 from $130 and kept an Outperform rating, signaling stronger upside expectations for the stock. Benzinga
• Positive Sentiment: New coverage highlighted onsemi’s improving gross margin profile, noting a third straight sequential gross margin gain to 38.5% as AI data center revenue grows and manufacturing utilization improves. Yahoo Finance
• Positive Sentiment: Tradr ETFs launched new leveraged ETFs tied to onsemi, which can increase trading attention and speculative interest in the name. PR Newswire
• Positive Sentiment: Articles today continued to frame onsemi as a beneficiary of rising AI infrastructure demand and high-voltage power architecture shifts, which supports the long-term growth narrative for analog and power semiconductor suppliers. MarketBeat
• Neutral Sentiment: onsemi was also cited in market commentary as one of the semiconductor stocks benefiting from Micron’s upbeat AI-related guidance, though this is more a sector sympathy move than company-specific news. MarketBeat
• Neutral Sentiment: Analyst sentiment remains constructive overall, with consensus coverage still indicating a moderate buy view on the stock. American Banking News

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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