Ameritas Advisory Services LLC Takes $3.18 Million Position in onsemi $ON

Ameritas Advisory Services LLC purchased a new stake in shares of onsemi (NASDAQ:ON - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,600 shares of the semiconductor company's stock, valued at approximately $3,176,000.

A number of other institutional investors and hedge funds have also modified their holdings of ON. Root Financial Partners LLC boosted its stake in 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 buying an additional 149 shares in the last quarter. DV Equities LLC bought a new stake in shares of onsemi in the 4th quarter worth about $30,000. SHP Wealth Management bought a new stake in shares of onsemi in the 4th quarter worth about $32,000. Summit Securities Group LLC increased its position in shares of onsemi by 346.3% during 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 in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in shares of onsemi during the 2nd quarter worth about $32,000. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Needham & Company LLC dropped their price target on onsemi from $130.00 to $116.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Zacks Research lowered onsemi from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 6th. Truist Financial set a $40.00 target price on onsemi in a report on Wednesday, August 12th. TD Cowen dropped their target price on shares of onsemi from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, July 13th. Finally, Wells Fargo & Company reduced their target price on shares of onsemi from $110.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, September 3rd. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, onsemi has an average rating of "Moderate Buy" and an average price target of $96.44.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Neutral Sentiment: Coverage from Yahoo Finance and Zacks primarily describes the session’s underperformance rather than identifying a specific fundamental trigger. Trading volume was above average, suggesting heightened investor activity. ON Semiconductor Falls More Steeply Than Broader Market Zacks ON Semiconductor Market Update
• Negative Sentiment: A Seeking Alpha commentary argues that onsemi’s prior AI-related portfolio-renewal thesis may have become a “bull trap,” reinforcing concerns about whether its strategic repositioning can generate sufficient growth. This is opinion-based analysis, not a new company announcement. ON Semiconductor’s Bull Trap Over
• Negative Sentiment: Investors may also be reassessing valuation and technical momentum. Based on the provided data, onsemi trades at a forward-looking valuation with a PE ratio above 45, while its share price is below both its 50-day and 200-day moving averages. That combination can encourage profit-taking and momentum-driven selling, even though the company recently exceeded quarterly EPS and revenue expectations.

onsemi Price Performance

Shares of ON opened at $71.08 on Wednesday. The stock has a market cap of $27.67 billion, a P/E ratio of 45.56, a price-to-earnings-growth ratio of 0.61 and a beta of 2.00. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The stock's 50-day moving average price is $82.78 and its two-hundred day moving average price is $87.31. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51.

onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The business's revenue for the quarter was up 9.2% on a year-over-year basis. 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. On average, equities analysts predict that onsemi will post 3.23 earnings per share for the current 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.

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