Legal & General Group Plc Sells 77,804 Shares of onsemi $ON

Key Points

• Legal & General Group Plc trimmed its onsemi stake by 2.7% in the fourth quarter, selling 77,804 shares and leaving it with 2,758,998 shares worth about $149.4 million. Institutional ownership remains very high at 97.70%.
• Insiders have also been selling: CFO Trent Thad sold 30,000 shares in a Rule 10b5-1 transaction, and insider Sudhir Gopalswamy sold 6,114 shares earlier this year. Over the last 90 days, insiders have sold 66,114 shares valued at roughly $5.55 million.
• Despite the selling, sentiment around onsemi is constructive after it beat quarterly EPS and revenue estimates, raised Q2 guidance, and received higher price targets from analysts such as Mizuho and Barclays. The stock has also been benefiting from AI infrastructure demand and improving gross margins.

Legal & General Group Plc cut its position in onsemi (NASDAQ:ON - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,758,998 shares of the semiconductor company's stock after selling 77,804 shares during the quarter. Legal & General Group Plc owned approximately 0.69% of onsemi worth $149,400,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ON. CVA Family Office LLC raised its holdings in onsemi by 83.7% in the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 215 shares in the last quarter. Darwin Wealth Management LLC bought a new position in onsemi in the second quarter worth about $32,000. Close Asset Management Ltd bought a new position in onsemi in the third quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in onsemi by 41.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 816 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 239 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in onsemi in the fourth quarter worth about $47,000. 97.70% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Trent Thad sold 30,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 301,194 shares in the company, valued at $28,011,042. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the transaction, the insider owned 173,943 shares in the company, valued at approximately $10,205,235.81. This trade represents a 3.40% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 66,114 shares of company stock worth $5,548,708. Corporate insiders own 0.35% of the company's stock.

Key Stories Impacting onsemi

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 Stock Performance

ON opened at $123.77 on Friday. onsemi has a 52-week low of $41.49 and a 52-week high of $129.13. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. The company has a market cap of $48.51 billion, a P/E ratio of 87.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.94. The firm's 50-day moving average price is $87.24 and its 200-day moving average price is $68.66.

onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company'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 analysts anticipate that onsemi will post 3.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ON. Rosenblatt Securities raised their price objective on onsemi from $60.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 5th. Barclays raised their price objective on onsemi from $75.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. UBS Group reissued a "neutral" rating on shares of onsemi in a research report on Monday, February 2nd. Wall Street Zen raised onsemi from a "hold" rating to a "buy" rating in a research report on Monday, April 13th. Finally, Roth Mkm restated a "buy" rating on shares of onsemi in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.00.

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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