onsemi $ON Stock: Illinois Municipal Retirement Fund Increases Position

Illinois Municipal Retirement Fund boosted its holdings in shares of onsemi (NASDAQ:ON) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,412 shares of the semiconductor company’s stock after buying an additional 14,423 shares during the period. Illinois Municipal Retirement Fund’s holdings in onsemi were worth $10,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in onsemi by 10.9% in the first quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock worth $848,392,000 after acquiring an additional 1,345,894 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of onsemi by 16.6% during the second quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock worth $486,252,000 after acquiring an additional 731,540 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of onsemi by 7.4% during the third quarter. Pictet Asset Management Holding SA now owns 4,550,913 shares of the semiconductor company’s stock valued at $349,788,000 after acquiring an additional 314,203 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of onsemi by 8.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,334,491 shares of the semiconductor company’s stock valued at $267,026,000 after acquiring an additional 268,267 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of onsemi by 74.8% during the second quarter. Assenagon Asset Management S.A. now owns 2,807,808 shares of the semiconductor company’s stock valued at $265,450,000 after acquiring an additional 1,201,534 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

onsemi News Summary

Investors following ON have been watching these news items:

• Positive Sentiment: Semiconductor peers, including onsemi, were reported to be rallying, suggesting a supportive sector-wide backdrop. Article: Semiconductor shares rally
• Positive Sentiment: onsemi introduced its fourth-generation EliteSiC M4 platform, which the company says can deliver up to 30% higher power density and 35% lower losses than its predecessor. The technology targets AI data centers, EVs and energy infrastructure—markets where more efficient power conversion could support growth. Article: EliteSiC M4 launch
• Neutral Sentiment: The M4 750V automotive traction bare die is available now, while additional voltage options up to 1200V are expected in 2027, so broader product availability will take time. Article: EliteSiC M4 availability

Analysts Set New Price Targets

A number of research firms recently commented on ON. Stonex Financial upgraded shares of onsemi to a “strong-buy” rating in a research note on Wednesday, October 14th. The Goldman Sachs Group dropped their target price on shares of onsemi from $95.00 to $85.00 in a research report on Tuesday, November 3rd. DA Davidson set a $110.00 price target on shares of onsemi in a research note on Tuesday, November 3rd. Mizuho decreased their price target on shares of onsemi from $95.00 to $87.00 in a report on Tuesday, November 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $116.00 price objective on shares of onsemi in a research note on Tuesday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $95.03.

onsemi Stock Up 5.8%

Shares of ON stock opened at $73.62 on Thursday. The stock’s 50-day simple moving average is $74.08 and its 200-day simple moving average is $82.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.61 and a current ratio of 3.55. The firm has a market capitalization of $28.66 billion, a PE ratio of 42.80, a P/E/G ratio of 0.56 and a beta of 2.11. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92.

onsemi (NASDAQ:ON) last released its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. onsemi had a return on equity of 15.53% and a net margin of 10.82%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. Equities analysts expect that onsemi will post 3.27 earnings per share for the current year.

Insiders Place Their Bets

In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the transaction, the insider directly owned 158,177 shares of the company’s stock, valued at approximately $12,654,160. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

onsemi Company Profile

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.