ON Semiconductor (ON)

• Market cap: $22.8B
• 1 day: -3.03%
• 5 days: 5.63%
• 1 month: -2.81%
• 3 months: -21.06%
• 6 months: -29.51%
• Year to date: -12.41%
• 1 year: -30.37%
• 5 years: 169.98%
• 10 years: 349.67%
• 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: 26,490

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

90% more call options, than puts

Call options by funds: $6.6B | Put options by funds: $3.47B

9% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 110

2% less funds holding

Funds holding: 822 [Q3] → 803 (-19) [Q4]

3.99% less ownership

Funds ownership: 102.01% [Q3] → 98.02% (-3.99%) [Q4]

15% less capital invested

Capital invested by funds: $31.1B [Q3] → $26.3B (-$4.81B) [Q4]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 4 (-1) [Q4]

25% less repeat investments, than reductions

Existing positions increased: 252 | Existing positions reduced: 334

Research analyst outlook

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

• Low target: $44 19% downside
• Avg. target: $60 11% upside
• High target: $85 57% upside

18 analyst ratings

• positive: 10 56%
• neutral: 7 39%
• negative: 1 6%

Benchmark David Williams 51% 1-year accuracy 32 / 63 met price target	11% upside $60	Buy Maintained	12 Feb 2025
Truist Securities William Stein 61% 1-year accuracy 22 / 36 met price target	4% downside $52	Hold Maintained	11 Feb 2025
Roth MKM Suji Desilva 60% 1-year accuracy 24 / 40 met price target	11% upside $60	Buy Maintained	11 Feb 2025
Wells Fargo Joe Quatrochi 44% 1-year accuracy 4 / 9 met price target	11% upside $60	Overweight Maintained	11 Feb 2025
Goldman Sachs Toshiya Hari 60% 1-year accuracy 60 / 100 met price target	18% upside $64	Buy Maintained	11 Feb 2025