onsemi $ON Stock Position Reduced by VCI Wealth Management LLC

by · The Cerbat Gem

VCI Wealth Management LLC decreased its position in onsemi (NASDAQ:ON – Free Report) by 45.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,873 shares of the semiconductor company’s stock after selling 10,691 shares during the quarter. VCI Wealth Management LLC’s holdings in onsemi were worth $797,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ON. AQR Capital Management LLC raised its position in shares of onsemi by 187.9% during the 1st quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock valued at $4,863,000 after acquiring an additional 79,206 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in onsemi by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 507 shares during the period. Brown Advisory Inc. bought a new stake in onsemi during the second quarter valued at $201,000. Cresset Asset Management LLC increased its stake in onsemi by 24.8% during the second quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock valued at $531,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of onsemi by 108.0% during the second quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock worth $1,659,000 after purchasing an additional 16,435 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Key onsemi News

Here are the key news stories impacting onsemi this week:

onsemi Stock Down 23.7%

onsemi stock opened at $90.65 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. onsemi has a one year low of $44.56 and a one year high of $134.92. The company has a 50-day simple moving average of $110.67 and a 200-day simple moving average of $78.83. The firm has a market capitalization of $35.53 billion, a P/E ratio of 64.29, a P/E/G ratio of 1.06 and a beta of 1.97.

onsemi (NASDAQ:ON – Get Free Report) last posted its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (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 firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the business posted $0.55 EPS. onsemi’s revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, equities analysts expect that onsemi will post 3.09 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ON. Roth Mkm restated a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Robert W. Baird increased their price objective on shares of onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Jefferies Financial Group raised their target price on shares of onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Needham & Company LLC lifted their target price on onsemi from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company upped their target price on onsemi from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $102.35.

Check Out Our Latest Stock Report on ON

Insider Buying and Selling at onsemi

In other news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the sale, the chief financial officer owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

About onsemi

(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.

See Also

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