onsemi $ON Stock: Robeco Schweiz AG Decreases Stake

Key Points

• Robeco Schweiz AG reduced its onsemi stake by 3.7%, selling 63,746 shares during the third quarter. It still held 1.66 million shares valued at approximately $127.5 million, representing 2.3% of its portfolio.
• Analyst sentiment remains mixed but leans positive: onsemi has a “Moderate Buy” consensus rating and an average price target of $92.68, although several firms recently lowered their targets.
• onsemi shares opened at $72.25, well below their 52-week high of $134.92. The company recently exceeded quarterly earnings and revenue estimates, while its silicon-carbide technology was selected for Sungrow’s utility-scale energy-storage platform.

Robeco Schweiz AG lessened its holdings in shares of onsemi (NASDAQ:ON - Free Report) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,658,310 shares of the semiconductor company's stock after selling 63,746 shares during the quarter. onsemi makes up 2.3% of Robeco Schweiz AG's portfolio, making the stock its 10th largest holding. Robeco Schweiz AG owned 0.43% of onsemi worth $127,474,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ON. Engineers Gate Manager LP grew its holdings in onsemi by 570.3% during the second quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company's stock valued at $28,776,000 after purchasing an additional 258,968 shares during the period. Baird Financial Group Inc. bought a new position in shares of onsemi in the second quarter worth about $680,000. Kornitzer Capital Management Inc. KS raised its stake in shares of onsemi by 103.0% in the first quarter. Kornitzer Capital Management Inc. KS now owns 89,080 shares of the semiconductor company's stock worth $5,516,000 after buying an additional 45,200 shares during the period. Andra AP fonden purchased a new position in shares of onsemi during the 2nd quarter valued at about $2,704,000. Finally, Swiss National Bank lifted its position in shares of onsemi by 5.4% during the 1st quarter. Swiss National Bank now owns 1,180,800 shares of the semiconductor company's stock valued at $73,115,000 after buying an additional 60,200 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ON shares. Truist Financial decreased their target price on shares of onsemi from $91.00 to $75.00 and set a "hold" rating on the stock in a research note on Friday, September 18th. Needham & Company LLC reiterated a "buy" rating and issued a $116.00 price target on shares of onsemi in a research report on Friday, October 2nd. Sanford C. Bernstein reissued an "outperform" rating and issued a $62.00 price objective on shares of onsemi in a research note on Wednesday, August 12th. Zacks Research downgraded shares of onsemi from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $85.00 target price on shares of onsemi in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and sixteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $92.68.

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

onsemi Trading Down 1.3%

ON stock opened at $72.25 on Friday. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. 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 company has a market capitalization of $28.13 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 0.60 and a beta of 2.05. The business has a 50 day simple moving average of $75.02 and a two-hundred day simple moving average of $90.13.

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

Insider Activity at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider owned 158,177 shares in the company, valued at $12,654,160. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by company insiders.

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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