Redwood Investment Management LLC Takes Position in onsemi $ON

Redwood Investment Management LLC acquired a new position in shares of onsemi (NASDAQ:ON) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,497 shares of the semiconductor company’s stock, valued at approximately $1,083,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its position in onsemi by 42.1% in the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 149 shares during the period. DV Equities LLC purchased a new position in shares of onsemi during the fourth quarter worth $30,000. Ascentis Independent Advisors purchased a new position in shares of onsemi during the first quarter worth $36,000. SHP Wealth Management acquired a new stake in shares of onsemi in the fourth quarter valued at $32,000. Finally, Summit Securities Group LLC grew its stake in shares of onsemi by 346.3% in the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 464 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Analysts remain moderately optimistic, with a median price target of $115, well above the recent trading level. Expectations are supported by improving auto and industrial demand, accelerating AI data-center revenue and potential benefits from onsemi’s planned Synaptics acquisition. Are Wall Street Analysts Predicting ON Semiconductor Stock Will Climb or Sink?
• Positive Sentiment: onsemi’s prior quarter exceeded consensus estimates for both earnings and revenue, while management projected second-quarter EPS of $0.65 to $0.77. Investors will look for continued evidence that the semiconductor cycle has moved beyond its trough. Polymarket Odds: Will PLTR, GRAB, ON Beat Earnings on Monday?
• Neutral Sentiment: The August 3 earnings release is the main immediate catalyst. Market-based expectations indicate uncertainty over whether onsemi will beat estimates, increasing the likelihood of volatility around the report. Polymarket Odds: Will PLTR, GRAB, ON Beat Earnings on Monday?
• Negative Sentiment: Investors remain concerned about weak electric-vehicle demand and onsemi’s elevated valuation, which leaves less room for disappointment if automotive orders or guidance soften. Should You Buy, Sell or Hold onsemi Stock Before Q2 Earnings?
• Negative Sentiment: Insider trading data show 12 open-market sales and no purchases among onsemi insiders over the past six months, including sales by the CEO and CFO. This may reinforce caution ahead of earnings, although insider sales can reflect compensation or portfolio-planning decisions. onsemi gains as chip stocks rebound and investors look ahead to Q2 results

onsemi Stock Performance

NASDAQ:ON opened at $81.61 on Monday. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The firm has a market cap of $31.98 billion, a PE ratio of 57.88, a price-to-earnings-growth ratio of 0.90 and a beta of 2.01. 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 stock has a fifty day moving average price of $105.00 and a 200 day moving average price of $84.92.

onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.onsemi’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 EPS. Sell-side analysts anticipate that onsemi will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ON has been the topic of several research analyst reports. Susquehanna boosted their price objective on onsemi from $140.00 to $150.00 and gave the company a “positive” rating in a report on Thursday, July 9th. Stifel Nicolaus lifted their target price on onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. TD Cowen dropped their target price on onsemi from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Wall Street Zen upgraded shares of onsemi from a “hold” rating to a “buy” rating in a research note on Monday, April 13th. Finally, UBS Group reissued a “neutral” rating and set a $95.00 price target on shares of onsemi in a research report on Monday, June 29th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, onsemi currently has an average rating of “Hold” and a consensus price target of $102.24.

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.