onsemi (NASDAQ:ON) Shares Acquired by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of onsemi (NASDAQ:ON). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $15,001 and $50,000 in onsemi stock on September 28th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Benchmark Electronics (NYSE:BHE) on 10/1/2026.
• Sold $1,001 – $15,000 in shares of Oxford Industries (NYSE:OXM) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 9/29/2026.
• Sold $15,001 – $50,000 in shares of ITT (NYSE:ITT) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Ultragenyx Pharmaceutical (NASDAQ:RARE) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of YETI (NYSE:YETI) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of AtriCure (NASDAQ:ATRC) on 9/29/2026.

onsemi Trading Down 4.3%

Shares of ON stock opened at $73.36 on Thursday. onsemi has a 52-week low of $44.56 and a 52-week high of $134.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. The firm has a market capitalization of $28.56 billion, a PE ratio of 47.03, a PEG ratio of 0.63 and a beta of 2.05. The stock has a fifty day simple moving average of $76.04 and a two-hundred day simple moving average of $89.68.

onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, analysts predict that onsemi will post 3.20 EPS for the current fiscal year.

Hedge Funds Weigh In On onsemi

A number of institutional investors and hedge funds have recently made changes to their positions in ON. Janus Henderson Group PLC raised its holdings in onsemi by 10.9% during the 1st quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock valued at $848,392,000 after buying an additional 1,345,894 shares during the period. Assenagon Asset Management S.A. lifted its position in onsemi by 74.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,807,808 shares of the semiconductor company’s stock worth $265,450,000 after buying an additional 1,201,534 shares during the last quarter. Boston Trust Walden Corp boosted its stake in onsemi by 524.0% during the first quarter. Boston Trust Walden Corp now owns 1,038,146 shares of the semiconductor company’s stock worth $64,282,000 after buying an additional 871,786 shares during the period. Van ECK Associates Corp boosted its stake in onsemi by 16.6% during the second quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock worth $486,252,000 after buying an additional 731,540 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in onsemi by 15.5% during the first quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock valued at $284,495,000 after acquiring an additional 615,905 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi announced that Sungrow is integrating its EliteSiC silicon-carbide hybrid power modules into the PowerTitan 3.0 utility-scale battery-storage platform. The technology raises inverter-level efficiency by 0.4%, supports peak efficiency above 99.3% and could save more than 475 megawatt-hours annually in a 100-megawatt installation. Sungrow expects to deliver 10 gigawatt-hours of the platform in Europe during 2026, providing onsemi with exposure to growing electricity-storage demand linked to AI infrastructure and renewable energy. onsemi and Sungrow Advance Utility-Scale Energy Storage Performance with SiC Hybrid Technology
• Positive Sentiment: Recent commentary remains favorable on the company’s recovery prospects. Analysts and market observers point to onsemi’s improving quarterly results, strong cash-flow potential and possible growth from AI-related power-management applications as reasons the stock could be a semiconductor-sector comeback candidate. ON Could Be One of the Semiconductor Sector’s Biggest Comeback Stories
• Neutral Sentiment: The Sungrow announcement is strategically important but may have limited immediate earnings impact because it primarily highlights a product adoption and efficiency improvement rather than near-term revenue or profit guidance. Investors may therefore be looking for evidence of broader design wins and meaningful volume ramp-up.
• Negative Sentiment: Market commentary describes onsemi’s decline as part of a broader pullback in technology stocks and notes that the shares were approaching a fifth consecutive daily loss, increasing pressure from momentum-oriented investors. Don’t Sweat ON Semiconductor Stock’s Recent Pullback
• Negative Sentiment: Recent insider-trading data shows onsemi executives reported sales and no open-market purchases during the past six months, including substantial selling by CFO Trent Thad. While such transactions may be scheduled, the lack of insider buying can reinforce investor caution during a weak trading period.

Analyst Upgrades and Downgrades

ON has been the subject of several research reports. TD Cowen dropped their price objective on shares of onsemi from $110.00 to $95.00 and set a “buy” rating for the company in a report on Monday, July 13th. Citigroup reduced their target price on onsemi from $120.00 to $98.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Mizuho decreased their target price on onsemi from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, September 17th. Robert W. Baird increased their price target on onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Cantor Fitzgerald dropped their price target on onsemi from $110.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, September 17th. Fifteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.56.

Insider Buying and Selling at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the stock in a transaction 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 sale, the insider owned 158,177 shares of the company’s stock, valued at approximately $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.35% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About onsemi

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.