SteelPeak Wealth LLC Purchases Shares of 16,321 onsemi $ON

SteelPeak Wealth LLC acquired a new position in shares of onsemi (NASDAQ:ON) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,321 shares of the semiconductor company’s stock, valued at approximately $1,011,000.

A number of other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC grew its position in shares of onsemi by 83.7% in the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 215 shares during the last quarter. Root Financial Partners LLC lifted its holdings 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 purchasing an additional 149 shares during the last quarter. DV Equities LLC acquired a new stake in onsemi during the 4th quarter worth approximately $30,000. Ascentis Independent Advisors bought a new stake in onsemi in the 1st quarter valued at $36,000. Finally, SHP Wealth Management bought a new stake in onsemi in the 4th quarter valued at $32,000. Institutional investors own 97.70% of the company’s stock.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Investors are focusing on AI-related upside: onsemi was featured in articles highlighting semiconductor stocks positioned to benefit from surging AI demand, and a separate piece said the company is making a large strategic bet on AI by pursuing Synaptics as a natural expansion into “physical AI.” This keeps the long-term growth story intact.
• Positive Sentiment: onsemi confirmed it will report second-quarter 2026 results after the market close on August 3, which could act as a near-term catalyst if results or guidance surprise to the upside.
• Neutral Sentiment: Analyst sentiment remains mixed but generally constructive, with recent coverage pointing to a “Hold” consensus and some articles arguing the stock may be fully valued after its strong multiyear run.
• Negative Sentiment: Another market wrap noted ON Semiconductor stock fell in the latest session, suggesting traders may be taking profits or rotating out of the name after a big run.
• Negative Sentiment: A PR Newswire item reported that Pomerantz LLP is investigating claims on behalf of onsemi investors, which can create an overhang even if no wrongdoing has been established.

Analyst Ratings Changes

Several research firms have weighed in on ON. Roth Capital reiterated a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Wells Fargo & Company boosted their target price on shares of onsemi from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Robert W. Baird upped their price target on shares of onsemi from $56.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Truist Financial restated a “hold” rating and issued a $101.00 price target (up from $66.00) on shares of onsemi in a research note on Tuesday, May 5th. Finally, Rosenblatt Securities raised their price target on shares of onsemi from $60.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, onsemi presently has an average rating of “Hold” and a consensus target price of $102.64.

onsemi Stock Performance

Shares of onsemi stock opened at $87.37 on Friday. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. The company has a market cap of $34.24 billion, a PE ratio of 61.96, a price-to-earnings-growth ratio of 0.78 and a beta of 2.01. The company has a 50 day moving average of $109.90 and a 200-day moving average of $82.74. onsemi has a 1-year low of $44.56 and a 1-year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $0.55 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, equities research analysts forecast that onsemi will post 3.1 earnings per share for the current fiscal year.

Insider Buying and Selling at onsemi

In other news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction on 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 transaction, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.35% of the company’s stock.

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.