onsemi (NASDAQ:ON) Stock: Insider Sudhir Gopalswamy Sells 15,578 Shares

by · The Markets Daily

onsemi (NASDAQ:ON – Get Free Report) insider Sudhir Gopalswamy sold 15,578 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total value of $1,246,240.00. Following the completion of the sale, the insider directly owned 158,177 shares of the company’s stock, valued at $12,654,160. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

onsemi Trading Up 6.0%

Shares of onsemi stock traded up $4.81 on Friday, reaching $84.89. The company had a trading volume of 22,881,913 shares, compared to its average volume of 10,555,539. The firm has a market cap of $33.05 billion, a price-to-earnings ratio of 54.42, a P/E/G ratio of 0.64 and a beta of 2.05. 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 firm’s 50-day moving average price is $76.44 and its two-hundred day moving average price is $88.44. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92.

onsemi (NASDAQ:ON – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%.onsemi’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, research analysts predict that onsemi will post 3.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

ON has been the topic of several analyst reports. Wells Fargo & Company upped their price target on shares of onsemi from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird upped their target price on onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Seaport Research Partners assumed coverage on onsemi in a report on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 price target on the stock. Stifel Nicolaus decreased their price target on onsemi from $90.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, September 17th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $62.00 price objective on shares of onsemi in a report on Wednesday, August 12th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.36.

Check Out Our Latest Stock Analysis on onsemi

More onsemi News

Here are the key news stories impacting onsemi this week:

  • Positive Sentiment: More favorable Synaptics deal terms: onsemi will acquire Synaptics for $123 per share in cash, valuing the transaction at approximately $5.7 billion versus roughly $7 billion under the original all-stock agreement. The revised structure avoids issuing new onsemi shares and is expected to be immediately accretive to non-GAAP earnings per share. ON Semiconductor’s revised Synaptics deal improves earnings outlook, says BofA
  • Positive Sentiment: Analyst support strengthened: Bank of America and UBS said the amended transaction could deliver a larger earnings benefit than previously anticipated. Wells Fargo also raised its onsemi price target to $100 from $85 with an overweight rating, while Needham reaffirmed a buy rating and a $116 target. Onsemi’s Revised Synaptics Deal Expected to Be Immediately Accretive, UBS Says
  • Positive Sentiment: Potential operational upside: Management cited previously disclosed synergies, additional revenue opportunities and the possibility of bringing some Synaptics production in-house after closing. Unusually high call-option activity also indicated increased bullish trading interest. ON Semiconductor Analyst’s 5 Key Takeaways from Synaptics Acquisition
  • Neutral Sentiment: Key risks remain: The transaction followed an unsolicited competing proposal for Synaptics, so closing and integration remain subject to deal conditions. Although the lower purchase price improves economics, funding a $5.7 billion cash acquisition could increase financial obligations and execution risk.

Hedge Funds Weigh In On onsemi

A number of institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in onsemi by 10.9% during the first quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock valued at $848,392,000 after buying an additional 1,345,894 shares during the period. Assenagon Asset Management S.A. lifted its holdings in onsemi by 74.8% during the second quarter. Assenagon Asset Management S.A. now owns 2,807,808 shares of the semiconductor company’s stock worth $265,450,000 after buying an additional 1,201,534 shares during the period. Boston Trust Walden Corp boosted its position in onsemi by 524.0% during the 1st quarter. Boston Trust Walden Corp now owns 1,038,146 shares of the semiconductor company’s stock valued at $64,282,000 after acquiring an additional 871,786 shares in the last quarter. Van ECK Associates Corp boosted its position in onsemi by 16.6% during the 2nd quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock valued at $486,252,000 after acquiring an additional 731,540 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of onsemi by 15.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock valued at $284,495,000 after acquiring an additional 615,905 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

onsemi Company Profile

(Get Free Report)

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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