ON Semiconductor (ON)

• Market cap: $27.9B
• 1 day: 1.08%
• 5 days: 0.15%
• 1 month: -2.69%
• 3 months: -5.85%
• 6 months: -3.15%
• Year to date: -19.58%
• 1 year: -19.31%
• 5 years: 171.56%
• 10 years: 541.53%
• 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]

1.22% more ownership

Funds ownership: 97.93% [Q2] → 99.15% (+1.22%) [Q3]

9% more repeat investments, than reductions

Existing positions increased: 315 | Existing positions reduced: 288

3% more capital invested

Capital invested by funds: $29.4B [Q2] → $30.2B (+$776M) [Q3]

1% less funds holding

Funds holding: 825 [Q2] → 817 (-8) [Q3]

8% less first-time investments, than exits

New positions opened: 95 | Existing positions closed: 103

10% less call options, than puts

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

Research analyst outlook

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

• Low target: $64 2% downside
• Avg. target: $85 30% upside
• High target: $100 53% upside

10 analyst ratings

• positive: 7 70%
• neutral: 2 20%
• negative: 1 10%

Roth MKM Suji Desilva 58% 1-year accuracy 26 / 45 met price target	53% upside $100	Buy Maintained	12 Dec 2024
Wells Fargo Joe Quatrochi 20% 1-year accuracy 1 / 5 met price target	30% upside $85	Overweight Initiated	22 Nov 2024
Needham Quinn Bolton 50% 1-year accuracy 66 / 131 met price target	33% upside $87	Buy Reiterated	19 Nov 2024
Loop Capital Gary Mobley 71% 1-year accuracy 15 / 21 met price target	45% upside $95	Buy Initiated	11 Nov 2024
Truist Securities William Stein 55% 1-year accuracy 22 / 40 met price target	36% upside $89	Buy Maintained	29 Oct 2024