Pinebridge Investments LLC Makes New Investment in onsemi $ON

Pinebridge Investments LLC purchased a new position in shares of onsemi (NASDAQ:ON) in the fourth quarter, Holdings Channel reports. The fund purchased 74,010 shares of the semiconductor company’s stock, valued at approximately $4,008,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Root Financial Partners LLC boosted its position in onsemi by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 149 shares during the period. Deseret Mutual Benefit Administrators boosted its position in onsemi by 28.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 160 shares during the period. Parallel Advisors LLC boosted its position in onsemi by 3.3% during the 4th quarter. Parallel Advisors LLC now owns 5,847 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 189 shares during the period. Cromwell Holdings LLC boosted its position in onsemi by 17.4% during the 4th quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 194 shares during the period. Finally, Westside Investment Management Inc. boosted its position in onsemi by 9.3% during the 4th quarter. Westside Investment Management Inc. now owns 2,360 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: 247WallSt highlighted onsemi as a potential “big tech stock” for 2026, pointing to its sharp recovery and room for further upside. Prediction: ON Semiconductor Could Be 2026’s Big Tech Stock
• Positive Sentiment: Zacks said onsemi is gaining traction in renewable energy infrastructure, citing silicon-carbide technology, energy storage, microgrids, and new design wins tied to AI-driven power demand. How onsemi Is Winning in Renewable Energy Infrastructure
• Positive Sentiment: Recent commentary on sector positioning continues to frame ON as a beneficiary of demand tied to electrification and power efficiency, which supports the bull case for earnings growth.
• Neutral Sentiment: The company also presented at the Bank of America 2026 Global Technology Conference, which generally signals ongoing investor outreach but did not include a new material announcement. ON Semiconductor Corporation (ON) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Quantum-computing stocks sold off sharply today after sector-specific pressure, reinforcing a risk-off tone across high-beta tech names that may be weighing on sentiment for semiconductor stocks like onsemi.

Analysts Set New Price Targets

A number of brokerages have issued reports on ON. JPMorgan Chase & Co. boosted their price target on onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Needham & Company LLC upped their price objective on onsemi from $72.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. B. Riley Financial upgraded onsemi from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Thursday, April 23rd. Finally, TD Cowen upped their price objective on onsemi from $80.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, onsemi currently has an average rating of “Moderate Buy” and an average target price of $92.00.

onsemi Stock Performance

Shares of onsemi stock opened at $117.26 on Monday. 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 $45.95 billion, a price-to-earnings ratio of 83.16, a price-to-earnings-growth ratio of 1.04 and a beta of 1.97. The business has a fifty day simple moving average of $95.02 and a 200-day simple moving average of $71.94. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92.

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, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $1.51 billion during 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%.The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, equities analysts forecast that onsemi will post 3.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was 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 of the company’s stock, valued at $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the sale, the insider directly owned 173,943 shares in the company, valued at $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 66,114 shares of company stock worth $5,548,708 over the last ninety days. 0.35% of the stock is owned by insiders.

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.