Rep. Gilbert Ray Cisneros Jr. (D-CA) Buys ON Stock

Rep. Gilbert Ray Cisneros Jr. bought shares of ON Semiconductor Corporation (ON) on September 28, 2026. The transaction was valued between $15,001 and $50,000, according to a periodic transaction report filed under the STOCK Act on October 12, 2026. Cisneros is a Democrat representing California's 31st district in the House of Representatives.

What Changed in Gilbert Ray Cisneros Jr.'s ON Semiconductor Position

Cisneros’ recent purchase reflects a growing interest in the semiconductor industry, which is critical for technology and innovation.

Other Institutional Activity in ON Semiconductor

FMR, LLC reduced its position by 1,477,177 shares, ending with 56,679,393 shares valued at about $4.08 billion. Blackrock Inc. added 1,069,618 shares, bringing its total to 40,980,739 shares worth around $2.95 billion. Vanguard Capital Management LLC trimmed its holdings slightly by 17,944 shares, totaling 25,616,396 shares valued at about $1.84 billion. Meanwhile, State Street Corporation increased its position by 248,992 shares, resulting in 18,557,255 shares worth approximately $1.34 billion.

ON Semiconductor Corporation Stock Down 1.8%

As of October 16, 2026, ON Semiconductor shares were recently trading around $72.40. This price is below both its 50-day moving average of $76.02 and its 200-day average of $81.54. The stock is also about 46.3% below its 52-week high of $134.92, but it is 62.5% above its 52-week low of $44.56.

Recent Earnings

In its latest financial report, ON Semiconductor posted trailing twelve-month revenue of about $6.2 billion with a net margin of 10.2%. The company has also shown a year-over-year revenue growth of 9.2%. The next earnings report is scheduled for November 2, 2026.

Insider Buying and Selling at ON Semiconductor Corporation

Recently, insider transactions included Simon Keeton, an officer, selling 48,860 shares valued at about $3.51 million on February 17, 2026. Chief Financial Officer Trent Thad sold 30,000 shares for around $2.4 million on April 16, 2026, followed by another sale of 60,000 shares valued at $5.79 million on April 24, 2026. Additionally, Sudhir Gopalswamy sold 6,114 shares for approximately $358,708 on March 13, 2026.

Analysts Set New Price Targets

On September 17, 2026, Stifel maintained a "Hold" rating with a price target of $75.00, while Mizuho also kept an "Outperform" rating with a target of $95.00. Truist Securities maintained its "Hold" rating with a target of $75.00 on September 18, 2026. Seaport Global initiated a "Buy" rating with a target of $100.00 on September 23, 2026. Wells Fargo later maintained an "Overweight" rating with a target of $100.00 on October 2, 2026.

About ON Semiconductor

ON Semiconductor Corporation provides intelligent sensing and power solutions across various regions, including the United States and internationally. The company operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. This sector is vital for many industries, including automotive and consumer electronics, which are key for Cisneros' district.

Bottom Line

Investors will be watching ON Semiconductor closely as it prepares for its upcoming earnings report on November 2, 2026. With recent insider selling and analyst ratings holding steady, the company's performance in the semiconductor market remains a focal point for stakeholders.