Analog Century Management LP Trims Position in onsemi $ON

Key Points

• Analog Century Management LP cut its onsemi position by 22.9% in the fourth quarter, selling 322,607 shares and leaving it with 1,085,296 shares worth about $58.8 million.
• Insider activity also showed selling, as CFO Trent Thad sold 30,000 shares in a pre-arranged Rule 10b5-1 transaction, reducing his stake by 9.06%.
• onsemi reported better-than-expected quarterly results with EPS of $0.64 vs. $0.61 expected and revenue of $1.51 billion, while analysts currently rate the stock a consensus “Moderate Buy” with a $92.96 target price.

Analog Century Management LP decreased its position in shares of onsemi (NASDAQ:ON - Free Report) by 22.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,085,296 shares of the semiconductor company's stock after selling 322,607 shares during the period. onsemi accounts for approximately 2.9% of Analog Century Management LP's portfolio, making the stock its 20th largest holding. Analog Century Management LP owned approximately 0.28% of onsemi worth $58,769,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ON. Norges Bank purchased a new stake in shares of onsemi during the 4th quarter valued at $330,885,000. Two Sigma Investments LP increased its holdings in shares of onsemi by 636.1% during the 3rd quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company's stock worth $184,900,000 after buying an additional 3,240,375 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of onsemi by 55.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company's stock worth $305,943,000 after buying an additional 2,072,125 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of onsemi by 23,784.8% during the 4th quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company's stock worth $92,928,000 after buying an additional 1,708,937 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of onsemi by 312.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company's stock worth $105,401,000 after buying an additional 1,523,866 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Insider Activity at onsemi

In other 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 value of $2,790,000.00. Following the transaction, the chief financial officer owned 301,194 shares of the company's stock, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

ON has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on onsemi from $85.00 to $87.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 5th. Citigroup upped their price objective on onsemi from $68.00 to $100.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. TD Cowen upped their price objective on onsemi from $80.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price objective on onsemi from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded onsemi from a "hold" rating to a "buy" rating in a report on Monday, April 13th. One 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $92.96.

onsemi Stock Performance

Shares of ON stock opened at $116.79 on Friday. The company's fifty day simple moving average is $100.65 and its 200-day simple moving average is $74.22. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. 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 $45.77 billion, a PE ratio of 82.83, a P/E/G ratio of 1.04 and a beta of 1.97.

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: Coverage of onsemi’s new GaNEXUS power portfolio and Elite Pairing Studio suggests the company is strengthening its product suite for AI, EV, and industrial power applications. Does onsemi's New GaNEXUS Toolkit Subtly Reframe Its Long-Term Power Leadership Story (ON)?
• Positive Sentiment: onsemi was highlighted as a trending stock and included in a broader semiconductor rally, which is likely supporting near-term buying interest. ON Semiconductor Corporation (ON) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Recent market commentary noted onsemi moving with other semiconductor names as the Nasdaq bounced, pointing to sector-driven momentum rather than a new fundamental catalyst. Penguin Solutions, onsemi, and Photronics Shares Skyrocket, What You Need To Know

onsemi Company 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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