Louisiana State Employees Retirement System Makes New Investment in onsemi $ON

Louisiana State Employees Retirement System purchased a new stake in shares of onsemi (NASDAQ:ON) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,100 shares of the semiconductor company’s stock, valued at approximately $1,245,000.

Other large investors have also made changes to their positions in the company. Kestra Private Wealth Services LLC boosted its stake in shares of onsemi by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company’s stock worth $282,000 after acquiring an additional 125 shares during the period. Evexia Wealth LLC raised its stake in onsemi by 1.1% during the 1st quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company’s stock valued at $825,000 after purchasing an additional 142 shares during the period. Root Financial Partners LLC lifted its holdings in onsemi by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 149 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in onsemi by 28.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 160 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in onsemi by 3.3% in the 4th quarter. Parallel Advisors LLC now owns 5,847 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 189 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

onsemi Stock Performance

NASDAQ:ON opened at $91.22 on Friday. The company has a market cap of $35.75 billion, a price-to-earnings ratio of 64.70, a PEG ratio of 0.81 and a beta of 2.01. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The stock’s 50 day simple moving average is $111.39 and its two-hundred day simple moving average is $80.11. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14.

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

Insider Transactions at onsemi

In other onsemi news, CFO Trent Thad sold 30,000 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the completion of the transaction, the chief financial officer owned 301,194 shares in the company, valued at $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The transaction 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. 0.35% of the stock is currently owned by insiders.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target on onsemi to $110 from $100, keeping a Neutral rating but citing the durability of the AI infrastructure semiconductor cycle. Cantor Fitzgerald Raises Price Target on ON Semiconductor Corporation (ON)
• Positive Sentiment: Investor interest in onsemi remains elevated, with Zacks noting that users have been heavily searching for the stock, often a sign of increased attention ahead of a catalyst. Investors Heavily Search ON Semiconductor Corporation (ON)
• Neutral Sentiment: Kahn Swick & Foti said it is investigating the adequacy of price and process in onsemi’s proposed acquisition of Synaptics, adding legal uncertainty around the deal. Synaptics Investor Alert: Kahn Swick & Foti Investigates Adequacy of Price and Process in Proposed Sale of Synaptics Incorporated – SYNA
• Negative Sentiment: Pomerantz separately opened an investor investigation into onsemi following the Synaptics deal announcement, which may keep pressure on sentiment until the transaction is clarified. ON Semiconductor (ON) Stock Faces Investor Investigation After Synaptics Deal

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ON. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. Wells Fargo & Company upped their target price on shares of onsemi from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a research note on Wednesday, April 29th. TD Cowen downgraded shares of onsemi from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a report on Friday, June 26th. Finally, Barclays boosted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $101.19.

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.