onsemi (NASDAQ:ON) Stock Purchase Revealed 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 November 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in onsemi stock on October 14th. 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 $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 11/2/2026.
• Purchased $1,001 – $15,000 in shares of argenex (NASDAQ:ARGX) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Micron Solutions (OTCMKTS:MICR) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/21/2026.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 10/21/2026.

onsemi Stock Up 0.1%

Shares of ON traded up $0.11 during midday trading on Thursday, reaching $73.73. 6,028,959 shares of the stock were exchanged, compared to its average volume of 11,614,277. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The company’s 50 day moving average is $74.11 and its two-hundred day moving average is $82.34. The company has a market capitalization of $28.70 billion, a P/E ratio of 42.87, a PEG ratio of 0.59 and a beta of 2.11. The company has a current ratio of 3.55, a quick ratio of 2.61 and a debt-to-equity ratio of 0.49.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.02. onsemi had a net margin of 10.82% and a return on equity of 15.53%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the business earned $0.63 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that onsemi will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On onsemi

A number of hedge funds have recently bought and sold shares of ON. Engineers Gate Manager LP increased its stake in onsemi by 570.3% during the 2nd quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company’s stock worth $28,776,000 after buying an additional 258,968 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of onsemi by 20.8% during the third quarter. Iridian Asset Management LLC CT now owns 88,134 shares of the semiconductor company’s stock worth $6,775,000 after buying an additional 15,155 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in onsemi in the 3rd quarter valued at about $635,000. Counterpoint Mutual Funds LLC acquired a new stake in onsemi in the 3rd quarter valued at about $10,637,000. Finally, Baird Financial Group Inc. purchased a new position in onsemi in the 2nd quarter worth approximately $680,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insiders Place Their Bets

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total value of $1,246,240.00. Following the completion of the sale, the insider owned 158,177 shares of the company’s stock, valued at approximately $12,654,160. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by company insiders.

Key onsemi News

Investors following ON have been watching these news items:

• Positive Sentiment: Recent coverage highlighted Q3 revenue of $1.72 billion, up 11% year over year, and AI data-center revenue growth of 175% (from a smaller base). Some analysts’ average price targets imply roughly 29% upside, while the article points to upward earnings-estimate revisions as a supportive signal. Analysts’ price-target outlook
• Neutral Sentiment: ON Semiconductor entered an amended credit agreement for a $1.75 billion facility. The available report does not detail changes to pricing or other terms, so the effect on the company’s financing position is unclear. ON Semiconductor Enters Amended Credit Agreement for $1.75B Facility
• Negative Sentiment: A separate valuation analysis lowered its estimated fair value to about $96.16 from $101.63, citing sector-wide P/E compression. This suggests valuation pressure may limit upside even as the company pursues growth opportunities. ON Semiconductor Stock Fair Value Edges Lower As Analysts Cut Targets

Analyst Ratings Changes

ON has been the topic of several research analyst reports. UBS Group reissued a “neutral” rating on shares of onsemi in a research report on Thursday, September 17th. The Goldman Sachs Group reduced their target price on onsemi from $95.00 to $85.00 in a research note on Tuesday, November 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $62.00 price target on shares of onsemi in a research report on Wednesday, August 12th. DA Davidson set a $110.00 price objective on onsemi in a research note on Tuesday, November 3rd. Finally, Seaport Research Partners started coverage on onsemi in a report on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, onsemi has a consensus rating of “Moderate Buy” and a consensus target price of $95.03.

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.