New York State Teachers Retirement System Acquires 6,186 Shares of onsemi $ON

New York State Teachers Retirement System grew its holdings in shares of onsemi (NASDAQ:ON) by 2.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 315,558 shares of the semiconductor company’s stock after purchasing an additional 6,186 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of onsemi worth $19,539,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ON. Optas LLC bought a new position in onsemi during the 1st quarter valued at approximately $430,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in onsemi by 52.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 89,614 shares of the semiconductor company’s stock valued at $5,549,000 after buying an additional 30,800 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in onsemi in the first quarter worth $298,000. Boston Trust Walden Corp boosted its holdings in onsemi by 524.0% in the first quarter. Boston Trust Walden Corp now owns 1,038,146 shares of the semiconductor company’s stock worth $64,282,000 after acquiring an additional 871,786 shares in the last quarter. Finally, Keybank National Association OH grew its stake in shares of onsemi by 35.4% in the first quarter. Keybank National Association OH now owns 5,888 shares of the semiconductor company’s stock worth $365,000 after acquiring an additional 1,539 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

onsemi Stock Performance

Shares of NASDAQ:ON opened at $91.22 on Friday. The company has a market cap of $35.75 billion, a P/E ratio of 64.70, a PEG ratio of 0.81 and a beta of 2.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The stock’s fifty day moving average price is $111.39 and its 200-day moving average price is $80.11.

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

Insider Activity

In other news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the completion of the sale, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target on onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. UBS Group reissued a “neutral” rating and set a $95.00 price objective on shares of onsemi in a research report on Monday, June 29th. Cantor Fitzgerald raised their price objective on shares of onsemi from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. lifted their target price on shares of onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Jefferies Financial Group upped their target price on shares of onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, onsemi has a consensus rating of “Hold” and a consensus target price of $101.19.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target on onsemi to $110 from $100, keeping a Neutral rating but citing the durability of the AI infrastructure semiconductor cycle. Cantor Fitzgerald Raises Price Target on ON Semiconductor Corporation (ON)
• Positive Sentiment: Investor interest in onsemi remains elevated, with Zacks noting that users have been heavily searching for the stock, often a sign of increased attention ahead of a catalyst. Investors Heavily Search ON Semiconductor Corporation (ON)
• Neutral Sentiment: Kahn Swick & Foti said it is investigating the adequacy of price and process in onsemi’s proposed acquisition of Synaptics, adding legal uncertainty around the deal. Synaptics Investor Alert: Kahn Swick & Foti Investigates Adequacy of Price and Process in Proposed Sale of Synaptics Incorporated – SYNA
• Negative Sentiment: Pomerantz separately opened an investor investigation into onsemi following the Synaptics deal announcement, which may keep pressure on sentiment until the transaction is clarified. ON Semiconductor (ON) Stock Faces Investor Investigation After Synaptics Deal

onsemi Company 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.