Rep. Gilbert Ray Cisneros, Jr. Buys Shares of onsemi (NASDAQ:ON)

Posted by Francis Steltz on Oct 14th, 2026

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 Up 0.9%

NASDAQ ON opened at $76.69 on Wednesday. onsemi has a one year low of $44.56 and a one year high of $134.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49. The firm has a market cap of $29.86 billion, a P/E ratio of 49.16, a P/E/G ratio of 0.63 and a beta of 2.05. The stock’s 50-day moving average is $76.11 and its 200-day moving average is $89.59.

onsemi (NASDAQ:ON – Get Free Report) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Sell-side analysts anticipate that onsemi will post 3.20 earnings per share for the current fiscal year.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

Positive Sentiment: Energy-storage partnership adds a growth catalyst: Sungrow is integrating onsemi’s EliteSiC hybrid power modules into its PowerTitan 3.0 utility-scale battery storage platform. The design improves inverter efficiency by 0.4%, reaches peak efficiency above 99.3%, and could save more than 475 MWh annually in a 100 MW installation. Sungrow expects to deliver 10 GWh of the platform in Europe during 2026, strengthening onsemi’s exposure to battery storage, renewable energy and AI-driven electricity demand. onsemi and Sungrow Advance Utility-Scale Energy Storage Performance with SiC Hybrid Technology
Positive Sentiment: Synaptics deal terms appear more favorable: Coverage says onsemi’s amended agreement to acquire Synaptics reduces the purchase price and is expected to be immediately accretive to earnings. Investors may view the revised transaction as improving the economics of the company’s strategy to expand in AI infrastructure and connectivity markets. ON Semiconductor Revises Synaptics Deal Terms
Neutral Sentiment: Valuation and analyst expectations remain supportive but demanding: Recent commentary describes the stock as fairly valued after its pullback, while the median analyst target cited by Quiver is $115 versus a share price in the mid-$70s. However, onsemi trades at roughly 49 times earnings, leaving less room for execution disappointments.
Negative Sentiment: Sector weakness and insider selling remain overhangs: onsemi has recently declined alongside broader technology and semiconductor stocks amid profit-taking and concerns about high AI-related valuations. Separately, insiders have reported four open-market sales and no purchases over the past six months, including substantial sales by the CFO and a group president.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group restated a “neutral” rating on shares of onsemi in a report on Thursday, September 17th. Needham & Company LLC reissued a “buy” rating and issued a $116.00 target price on shares of onsemi in a research report on Friday, October 2nd. Seaport Research Partners started coverage on onsemi in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 target price on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $62.00 price target on shares of onsemi in a research note on Wednesday, August 12th. Finally, Cantor Fitzgerald lowered their price objective on shares of onsemi from $110.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, September 17th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, onsemi has a consensus rating of “Moderate Buy” and a consensus target price of $95.56.

Read Our Latest Analysis on onsemi

Insiders Place Their Bets

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the transaction, the insider directly owned 158,177 shares in the company, valued at approximately $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing 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. 0.35% of the stock is owned by corporate insiders.

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.

onsemi Company Profile

(Get Free Report)

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.