Teacher Retirement System of Texas Acquires 1,865 Shares of ON Semiconductor Corporation $ON

Teacher Retirement System of Texas boosted its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,139 shares of the semiconductor company’s stock after acquiring an additional 1,865 shares during the quarter. Teacher Retirement System of Texas’ holdings in ON Semiconductor were worth $3,362,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Costello Asset Management INC acquired a new stake in ON Semiconductor during the first quarter valued at approximately $26,000. Trust Co. of Toledo NA OH bought a new position in shares of ON Semiconductor during the 2nd quarter worth approximately $29,000. Geneos Wealth Management Inc. boosted its stake in ON Semiconductor by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 507 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in ON Semiconductor in the second quarter valued at $57,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in ON Semiconductor by 295.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,475 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 1,102 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ON. KeyCorp boosted their target price on shares of ON Semiconductor from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. TD Cowen cut their price target on shares of ON Semiconductor from $68.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Citigroup reduced their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 5th. Wells Fargo & Company dropped their price objective on shares of ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, August 5th. Finally, Needham & Company LLC lifted their target price on shares of ON Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Twelve analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.96.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total value of $768,300.00. Following the transaction, the chief executive officer directly owned 977,814 shares in the company, valued at approximately $50,083,633.08. This trade represents a 1.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

ON Semiconductor Trading Down 1.5%

ON opened at $50.08 on Friday. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $74.52. The stock has a market capitalization of $20.48 billion, a PE ratio of 46.80, a PEG ratio of 2.58 and a beta of 1.49. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $50.21 and a two-hundred day moving average price of $49.43.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.ON Semiconductor’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, equities analysts anticipate that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

About ON Semiconductor

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.