ON Semiconductor
About: Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.
Employees: 30,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
40% more call options, than puts
Call options by funds: $9.18B | Put options by funds: $6.56B
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
0% less funds holding
Funds holding: 828 [Q1] → 824 (-4) [Q2]
4% less first-time investments, than exits
New positions opened: 101 | Existing positions closed: 105
9% less repeat investments, than reductions
Existing positions increased: 289 | Existing positions reduced: 319
1.05% less ownership
Funds ownership: 97.37% [Q1] → 96.32% (-1.05%) [Q2]
5% less capital invested
Capital invested by funds: $30.6B [Q1] → $29B (-$1.63B) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Keybanc John Vinh 68% 1-year accuracy 43 / 63 met price target | 30%upside $90 | Overweight Maintained | 8 Oct 2024 |
B of A Securities Vivek Arya 65% 1-year accuracy 26 / 40 met price target | 30%upside $90 | Buy Maintained | 30 Jul 2024 |
Deutsche Bank Ross Seymore 33% 1-year accuracy 3 / 9 met price target | 30%upside $90 | Buy Maintained | 30 Jul 2024 |
Rosenblatt Kevin Cassidy 56% 1-year accuracy 20 / 36 met price target | 8%upside $75 | Neutral Maintained | 30 Jul 2024 |
Roth MKM Suji Desilva 50% 1-year accuracy 15 / 30 met price target | 44%upside $100 | Buy Maintained | 30 Jul 2024 |
Financial journalist opinion
Based on 13 articles about ON published over the past 30 days