Illinois Municipal Retirement Fund Decreases Holdings in onsemi $ON

Illinois Municipal Retirement Fund lowered its position in onsemi (NASDAQ:ON) by 6.7% during the first quarter, HoldingsChannel.com reports. The fund owned 87,160 shares of the semiconductor company’s stock after selling 6,212 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in onsemi were worth $5,397,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC boosted its position in onsemi by 83.7% during the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 215 shares in the last quarter. Root Financial Partners LLC increased its position in shares of onsemi by 42.1% in the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 149 shares in the last quarter. DV Equities LLC acquired a new position in shares of onsemi during the 4th quarter worth $30,000. SHP Wealth Management acquired a new position in shares of onsemi during the 4th quarter worth $32,000. Finally, Summit Securities Group LLC boosted its position in shares of onsemi by 346.3% in the 4th quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock worth $32,000 after buying an additional 464 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Investors are focusing on AI-related upside: onsemi was featured in articles highlighting semiconductor stocks positioned to benefit from surging AI demand, and a separate piece said the company is making a large strategic bet on AI by pursuing Synaptics as a natural expansion into “physical AI.” This keeps the long-term growth story intact.
• Positive Sentiment: onsemi confirmed it will report second-quarter 2026 results after the market close on August 3, which could act as a near-term catalyst if results or guidance surprise to the upside.
• Neutral Sentiment: Analyst sentiment remains mixed but generally constructive, with recent coverage pointing to a “Hold” consensus and some articles arguing the stock may be fully valued after its strong multiyear run.
• Negative Sentiment: Another market wrap noted ON Semiconductor stock fell in the latest session, suggesting traders may be taking profits or rotating out of the name after a big run.
• Negative Sentiment: A PR Newswire item reported that Pomerantz LLP is investigating claims on behalf of onsemi investors, which can create an overhang even if no wrongdoing has been established.

onsemi Stock Down 0.9%

ON opened at $87.37 on Friday. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. The firm has a market cap of $34.24 billion, a P/E ratio of 61.96, a PEG ratio of 0.78 and a beta of 2.01. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The business’s fifty day simple moving average is $109.90 and its 200 day simple moving average is $82.74.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, equities research analysts anticipate that onsemi will post 3.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ON shares. Bank of America increased their price objective on shares of onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Wall Street Zen raised shares of onsemi from a “hold” rating to a “buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. increased their price target on shares of onsemi from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, B. Riley Financial raised their price objective on shares of onsemi from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $102.64.

Insider Activity

In other news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction dated 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 sale, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by corporate insiders.

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.