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

New York State Teachers Retirement System lessened its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,732 shares of the semiconductor company’s stock after selling 9,826 shares during the period. New York State Teachers Retirement System owned 0.07% of ON Semiconductor worth $15,971,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new stake in ON Semiconductor during the 2nd quarter valued at about $29,000. Costello Asset Management INC purchased a new stake in ON Semiconductor during the 1st quarter valued at about $26,000. Golden State Wealth Management LLC grew its stake in ON Semiconductor by 83.3% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 320 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in ON Semiconductor during the 2nd quarter valued at about $57,000. Finally, Ridgewood Investments LLC purchased a new stake in ON Semiconductor during the 2nd quarter valued at about $68,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the sale, the chief executive officer directly owned 977,814 shares in the company, valued at $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ON. Stifel Nicolaus upped their price objective on shares of ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, July 18th. B. Riley reiterated a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, August 5th. TD Cowen dropped their price target on shares of ON Semiconductor from $68.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Piper Sandler reaffirmed an “overweight” rating on shares of ON Semiconductor in a research report on Monday, August 4th. Finally, Truist Financial lifted their price target on shares of ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Tuesday, August 5th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.68.

ON Semiconductor Price Performance

Shares of ON opened at $52.53 on Friday. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $76.06. The stock has a market cap of $21.48 billion, a PE ratio of 49.09, a P/E/G ratio of 2.61 and a beta of 1.49. The firm has a 50-day simple moving average of $49.83 and a two-hundred day simple moving average of $48.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37.

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

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.