14,470 Shares in onsemi $ON Purchased by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in onsemi (NASDAQ:ON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,470 shares of the semiconductor company’s stock, valued at approximately $784,000.

Other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC boosted its holdings in onsemi by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after buying an additional 215 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in onsemi by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 235 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its stake in onsemi by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 218 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in onsemi in the 2nd quarter worth approximately $32,000. Finally, Close Asset Management Ltd purchased a new position in onsemi in the 3rd quarter worth approximately $38,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on ON shares. Robert W. Baird raised their target price on shares of onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Evercore reissued an “outperform” rating on shares of onsemi in a research note on Tuesday, May 5th. TD Cowen raised their target price on shares of onsemi from $80.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Barclays raised their target price on shares of onsemi from $75.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $89.19.

onsemi Stock Up 4.0%

ON stock opened at $110.21 on Thursday. The firm has a market cap of $43.19 billion, a PE ratio of 78.16, a PEG ratio of 0.94 and a beta of 1.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. The firm’s 50 day moving average price is $80.00 and its 200-day moving average price is $65.69. onsemi has a one year low of $40.62 and a one year high of $119.10.

onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, equities research analysts anticipate that onsemi will post 3.09 EPS for the current year.

Insider Buying and Selling

In other onsemi news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the sale, the chief financial officer owned 301,194 shares of the company’s stock, valued at $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the completion of the sale, the insider directly owned 173,943 shares in the company, valued at approximately $10,205,235.81. The trade was a 3.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 66,114 shares of company stock worth $5,548,708. 0.35% of the stock is owned by corporate insiders.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Mizuho lifted its price target on onsemi to $130 and reaffirmed an Outperform rating, signaling continued analyst confidence in the stock.
• Positive Sentiment: Reports say onsemi is gaining share in China’s EV market as its silicon carbide products expand into more vehicle platforms, a potentially important growth driver.
• Positive Sentiment: Recent quarterly results topped expectations on both EPS and revenue, reinforcing the view that fundamentals remain strong.
• Neutral Sentiment: One article discussed onsemi in the context of broader semiconductor weakness tied to U.S.-China trade headlines, but the company-specific catalyst today appears to be the analyst upgrade and EV growth narrative.

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.