Illinois Municipal Retirement Fund Trims Holdings in onsemi $ON

Illinois Municipal Retirement Fund lowered its holdings in shares of onsemi (NASDAQ:ON) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,160 shares of the semiconductor company’s stock after selling 6,212 shares during the period. Illinois Municipal Retirement Fund’s holdings in onsemi were worth $5,397,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ON. AQR Capital Management LLC grew its holdings in shares of onsemi by 187.9% during the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock worth $4,863,000 after buying an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in onsemi by 61.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 507 shares during the last quarter. Brown Advisory Inc. acquired a new stake in onsemi during the 2nd quarter worth approximately $201,000. Cresset Asset Management LLC lifted its position in onsemi by 24.8% during the 2nd quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock worth $531,000 after acquiring an additional 2,016 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of onsemi by 108.0% in the 2nd quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock valued at $1,659,000 after purchasing an additional 16,435 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ON has been the topic of a number of recent research reports. Roth Capital reissued a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. TD Cowen decreased their price target on onsemi from $110.00 to $95.00 and set a “buy” rating for the company in a report on Monday, July 13th. Robert W. Baird lifted their price objective on shares of onsemi from $56.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Bank of America boosted 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. Finally, Barclays upped their price objective on shares of onsemi from $75.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $102.64.

Insider Activity at onsemi

In other onsemi news, CFO Trent Thad sold 30,000 shares of the business’s 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 sale, the chief financial officer directly owned 301,194 shares in the company, valued at approximately $28,011,042. The trade was a 9.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company’s stock.

onsemi News Summary

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 debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. The stock has a market capitalization of $34.24 billion, a P/E ratio of 61.96, a P/E/G ratio of 0.78 and a beta of 2.01. The business has a 50 day simple moving average of $109.90 and a 200-day simple moving average of $82.74.

onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 12.79% and a net margin of 9.46%.onsemi’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, equities analysts anticipate that onsemi will post 3.1 earnings per share for the current fiscal year.

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.