ON Semiconductor Corporation $ON Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in ON Semiconductor Corporation (NASDAQ:ON) by 3.1% in the second quarter, HoldingsChannel reports. The firm owned 304,732 shares of the semiconductor company’s stock after selling 9,826 shares during the quarter. New York State Teachers Retirement System’s holdings in ON Semiconductor were worth $15,971,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC acquired a new position in shares of ON Semiconductor in the first quarter valued at approximately $26,000. Golden State Wealth Management LLC grew its holdings in shares of ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 320 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of ON Semiconductor in the second quarter valued at approximately $29,000. Geneos Wealth Management Inc. grew its holdings in shares of ON Semiconductor by 61.2% in the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 507 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of ON Semiconductor in the second quarter valued at approximately $57,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citigroup dropped their price objective on shares of ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, August 5th. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective (up from $50.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Bank of America dropped their target price on ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. JPMorgan Chase & Co. lifted their price target on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Susquehanna reaffirmed a “positive” rating and set a $65.00 price objective (down from $75.00) on shares of ON Semiconductor in a research report on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $56.68.

ON Semiconductor Trading Down 0.8%

NASDAQ ON opened at $52.53 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. The firm’s fifty day moving average price is $49.83 and its 200 day moving average price is $48.16. The company has a market capitalization of $21.48 billion, a price-to-earnings ratio of 49.09, a price-to-earnings-growth ratio of 2.61 and a beta of 1.49. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06.

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

Insider Activity at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were 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 of the company’s stock, valued at $50,083,633.08. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

ON Semiconductor Profile

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.