California State Teachers Retirement System Decreases Stake in onsemi $ON

California State Teachers Retirement System cut its stake in onsemi (NASDAQ:ON) by 4.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,520 shares of the semiconductor company’s stock after selling 20,098 shares during the period. California State Teachers Retirement System’s holdings in onsemi were worth $29,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Pictet Asset Management Holding SA grew its holdings in shares of onsemi by 38.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock valued at $215,624,000 after buying an additional 1,112,774 shares during the last quarter. Twin Capital Management Inc. purchased a new position in onsemi in the 4th quarter worth $585,000. Carmel Capital Partners LLC raised its stake in onsemi by 119.3% in the 4th quarter. Carmel Capital Partners LLC now owns 73,416 shares of the semiconductor company’s stock worth $3,975,000 after acquiring an additional 39,944 shares during the last quarter. VCI Wealth Management LLC acquired a new stake in onsemi during the 4th quarter worth about $1,276,000. Finally, North Dakota State Investment Board acquired a new stake in onsemi during the 4th quarter worth about $784,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ON shares. Wall Street Zen upgraded onsemi from a “hold” rating to a “buy” rating in a research note on Monday, April 13th. Mizuho reduced their price objective on onsemi from $150.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Susquehanna lifted their target price on onsemi from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Thursday, July 9th. Jefferies Financial Group upped their target price on onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Robert W. Baird increased their price target on shares of onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Fourteen investment 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 data from MarketBeat, onsemi has an average rating of “Hold” and a consensus target price of $102.24.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Analysts remain moderately optimistic, with a median price target of $115, well above the recent trading level. Expectations are supported by improving auto and industrial demand, accelerating AI data-center revenue and potential benefits from onsemi’s planned Synaptics acquisition. Are Wall Street Analysts Predicting ON Semiconductor Stock Will Climb or Sink?
• Positive Sentiment: onsemi’s prior quarter exceeded consensus estimates for both earnings and revenue, while management projected second-quarter EPS of $0.65 to $0.77. Investors will look for continued evidence that the semiconductor cycle has moved beyond its trough. Polymarket Odds: Will PLTR, GRAB, ON Beat Earnings on Monday?
• Neutral Sentiment: The August 3 earnings release is the main immediate catalyst. Market-based expectations indicate uncertainty over whether onsemi will beat estimates, increasing the likelihood of volatility around the report. Polymarket Odds: Will PLTR, GRAB, ON Beat Earnings on Monday?
• Negative Sentiment: Investors remain concerned about weak electric-vehicle demand and onsemi’s elevated valuation, which leaves less room for disappointment if automotive orders or guidance soften. Should You Buy, Sell or Hold onsemi Stock Before Q2 Earnings?
• Negative Sentiment: Insider trading data show 12 open-market sales and no purchases among onsemi insiders over the past six months, including sales by the CEO and CFO. This may reinforce caution ahead of earnings, although insider sales can reflect compensation or portfolio-planning decisions. onsemi gains as chip stocks rebound and investors look ahead to Q2 results

onsemi Trading Down 2.5%

NASDAQ ON opened at $81.61 on Friday. onsemi has a 1 year low of $44.56 and a 1 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 company has a market capitalization of $31.98 billion, a PE ratio of 57.88, a P/E/G ratio of 0.92 and a beta of 2.01. The company has a fifty day moving average of $105.00 and a 200 day moving average of $84.74.

onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Research analysts forecast that onsemi will post 3.09 earnings per share for the current year.

onsemi 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. 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.