ON Semiconductor (ON)

• Market cap: $27.6B
• 1 day: -3.37%
• 5 days: -8.79%
• 1 month: -6.58%
• 3 months: -14.65%
• 6 months: -13.35%
• Year to date: -20.49%
• 1 year: -8.96%
• 5 years: 197.20%
• 10 years: 671.87%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

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 Q3 regulatory filings by fund managers ($100M+ AUM)

25% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]

11% more repeat investments, than reductions

Existing positions increased: 312 | Existing positions reduced: 280

1.04% more ownership

Funds ownership: 97.93% [Q2] → 98.97% (+1.04%) [Q3]

2% more capital invested

Capital invested by funds: $29.4B [Q2] → $30.2B (+$717M) [Q3]

3% less funds holding

Funds holding: 825 [Q2] → 803 (-22) [Q3]

10% less call options, than puts

Call options by funds: $4.73B | Put options by funds: $5.26B

19% less first-time investments, than exits

New positions opened: 94 | Existing positions closed: 116

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $64 1% downside
• Avg. target: $83 28% upside
• High target: $95 47% upside

8 analyst ratings

• positive: 5 63%
• neutral: 2 25%
• negative: 1 13%

Loop Capital Gary Mobley 55% 1-year accuracy 12 / 22 met price target	47% upside $95	Buy Initiated	11 Nov 2024
Truist Securities William Stein 59% 1-year accuracy 24 / 41 met price target	37% upside $89	Buy Maintained	29 Oct 2024
Rosenblatt Kevin Cassidy 42% 1-year accuracy 21 / 50 met price target	16% upside $75	Neutral Maintained	29 Oct 2024
Baird Tristan Gerra 33% 1-year accuracy 7 / 21 met price target	16% upside $75	Neutral Maintained	29 Oct 2024
Morgan Stanley Joseph Moore 56% 1-year accuracy 23 / 41 met price target	1% downside $64	Underweight Maintained	29 Oct 2024