Optas LLC Takes $430,000 Position in onsemi $ON

Posted by Brian Himes on Jul 4th, 2026

Optas LLC purchased a new position in shares of onsemi (NASDAQ:ON – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,944 shares of the semiconductor company’s stock, valued at approximately $430,000.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in onsemi by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after buying an additional 877,533 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of onsemi by 8.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock valued at $360,828,000 after buying an additional 474,725 shares during the last quarter. Norges Bank bought a new position in shares of onsemi during the 4th quarter worth approximately $330,885,000. Rafferty Asset Management LLC increased its holdings in shares of onsemi by 55.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after acquiring an additional 2,072,125 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of 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 worth $284,495,000 after purchasing an additional 615,905 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

Positive Sentiment: Cantor Fitzgerald raised its price target on onsemi to $110 from $100, keeping a Neutral rating but citing the durability of the AI infrastructure semiconductor cycle. Cantor Fitzgerald Raises Price Target on ON Semiconductor Corporation (ON)
Positive Sentiment: Investor interest in onsemi remains elevated, with Zacks noting that users have been heavily searching for the stock, often a sign of increased attention ahead of a catalyst. Investors Heavily Search ON Semiconductor Corporation (ON)
Neutral Sentiment: Kahn Swick & Foti said it is investigating the adequacy of price and process in onsemi’s proposed acquisition of Synaptics, adding legal uncertainty around the deal. Synaptics Investor Alert: Kahn Swick & Foti Investigates Adequacy of Price and Process in Proposed Sale of Synaptics Incorporated – SYNA
Negative Sentiment: Pomerantz separately opened an investor investigation into onsemi following the Synaptics deal announcement, which may keep pressure on sentiment until the transaction is clarified. ON Semiconductor (ON) Stock Faces Investor Investigation After Synaptics Deal

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley upped their price objective on onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Stifel Nicolaus lifted their target price on onsemi from $90.00 to $107.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. Mizuho reduced their target price on shares of onsemi from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday. Needham & Company LLC upped their price target on shares of onsemi from $110.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Citigroup raised their price target on shares of onsemi from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, onsemi has an average rating of “Hold” and an average price target of $101.19.

Check Out Our Latest Stock Analysis on onsemi

onsemi Price Performance

onsemi stock opened at $91.22 on Friday. The stock’s fifty day moving average price is $111.39 and its two-hundred day moving average price is $80.11. 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 0.41, a current ratio of 4.87 and a quick ratio of 3.14. The firm has a market cap of $35.75 billion, a PE ratio of 64.70, a price-to-earnings-growth ratio of 0.81 and a beta of 2.01.

onsemi (NASDAQ:ON – Get Free Report) 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 firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, research analysts expect that onsemi will post 3.09 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the completion of the transaction, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by company insiders.

About onsemi

(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.