onsemi $ON Stock: Illinois Municipal Retirement Fund Grows Stake

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ON. Philadelphia Trust Co. raised its holdings in shares of onsemi by 542.6% in the 3rd quarter. Philadelphia Trust Co. now owns 52,870 shares of the semiconductor company’s stock valued at $4,064,000 after purchasing an additional 44,642 shares in the last quarter. Moneco Advisors LLC lifted its position in shares of onsemi by 5.5% in the 3rd quarter. Moneco Advisors LLC now owns 16,507 shares of the semiconductor company’s stock worth $1,269,000 after purchasing an additional 863 shares during the period. Keybank National Association OH boosted its stake in shares of onsemi by 19.4% during the third quarter. Keybank National Association OH now owns 7,837 shares of the semiconductor company’s stock valued at $602,000 after purchasing an additional 1,275 shares in the last quarter. 71 West Capital Partners bought a new position in shares of onsemi during the third quarter valued at approximately $205,000. Finally, AlphaCore Capital LLC boosted its stake in shares of onsemi by 93.9% during the third quarter. AlphaCore Capital LLC now owns 5,296 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 2,564 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Latest onsemi News

Here’s some of the latest news about ON:

• 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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup cut their price objective on shares of onsemi from $98.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, November 4th. DA Davidson set a $110.00 target price on onsemi in a report on Tuesday, November 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $90.00 target price on shares of onsemi in a research report on Tuesday, November 3rd. Stifel Nicolaus increased their target price on onsemi from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, October 5th. Finally, Stonex Financial upgraded onsemi to a “strong-buy” rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.03.

onsemi Stock Performance

ON stock opened at $73.62 on Thursday. The firm has a market cap of $28.66 billion, a price-to-earnings ratio of 42.80, a PEG ratio of 0.56 and a beta of 2.11. The firm has a 50-day simple moving average of $74.08 and a two-hundred day simple moving average of $82.28. onsemi has a one year low of $44.56 and a one year high of $134.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.61 and a current ratio of 3.55.

onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. onsemi had a net margin of 10.82% and a return on equity of 15.53%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the business earned $0.63 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that onsemi will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling

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 value of $1,246,240.00. Following the completion of the sale, the insider directly owned 158,177 shares in the company, valued at $12,654,160. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by insiders.

onsemi 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.