ON Semiconductor Corporation $ON Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its position in ON Semiconductor Corporation (NASDAQ:ON) by 20.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,478,254 shares of the semiconductor company’s stock after selling 388,321 shares during the period. California Public Employees Retirement System owned 0.37% of ON Semiconductor worth $72,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of ON Semiconductor by 0.5% during the second quarter. Vanguard Group Inc. now owns 51,367,704 shares of the semiconductor company’s stock worth $2,692,181,000 after purchasing an additional 243,238 shares in the last quarter. Ameriprise Financial Inc. raised its stake in ON Semiconductor by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after buying an additional 877,533 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in ON Semiconductor by 0.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,889,080 shares of the semiconductor company’s stock worth $284,737,000 after buying an additional 53,748 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in ON Semiconductor by 55.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after buying an additional 2,072,125 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of ON Semiconductor during the 2nd quarter worth about $228,835,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor Stock Up 2.3%

ON opened at $59.88 on Tuesday. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $73.76. The business has a 50 day moving average price of $63.67 and a two-hundred day moving average price of $55.49. The company has a quick ratio of 2.98, a current ratio of 4.52 and a debt-to-equity ratio of 0.39. The company has a market cap of $23.59 billion, a PE ratio of 176.12, a P/E/G ratio of 0.62 and a beta of 1.52.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business posted $0.95 EPS. The company’s revenue was down 11.2% on a year-over-year basis. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. As a group, research analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current year.

ON Semiconductor announced that its Board of Directors has approved a share buyback plan on Tuesday, November 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire up to 32.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ON. Truist Financial increased their price objective on ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday, February 10th. Cantor Fitzgerald restated a “neutral” rating and set a $60.00 target price on shares of ON Semiconductor in a research note on Tuesday, February 10th. Piper Sandler upped their price target on ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. B. Riley Financial increased their price target on shares of ON Semiconductor from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Finally, Stifel Nicolaus boosted their price objective on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, January 16th. Twelve investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, ON Semiconductor has a consensus rating of “Hold” and an average target price of $64.19.

Insider Activity at ON Semiconductor

In other ON Semiconductor news, insider Sudhir Gopalswamy sold 6,114 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the transaction, the insider directly owned 173,943 shares of the company’s stock, valued at approximately $10,205,235.81. The trade was a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Trent Thad sold 60,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the transaction, the chief financial officer owned 339,460 shares of the company’s stock, valued at approximately $24,176,341.20. The trade was a 15.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 86,114 shares of company stock worth $6,092,308 in the last three months. Insiders own 0.31% of the company’s stock.

ON Semiconductor News Summary

Here are the key news stories impacting ON Semiconductor this week:

• Positive Sentiment: None in the past 24–36 hours.
• Neutral Sentiment: Latest reported quarter: ON posted $0.64 EPS (beat by ~$0.02) on revenue roughly in line with expectations and issued Q1 2026 EPS guidance of $0.560–0.660 — a near-term fundamental anchor that investors cite when valuing the shares. MarketBeat ON profile & recent results
• Negative Sentiment: Insider sale disclosed: Sudhir Gopalswamy sold 6,114 ON shares on Mar 13 at an average price of $58.67 (SEC filing). Insider selling can be interpreted as a mild negative signal about near-term insider conviction. SEC filing for insider sale
• Negative Sentiment: Analyst action: Wall Street Zen recently lowered ON’s rating to “Hold” (reported Mar 15). A downgrade can reduce buying pressure from sentiment-driven traders and may weigh on short-term momentum. American Banking News: Rating lowered to Hold

ON Semiconductor Company Profile

ON Semiconductor, which operates under the onsemi brand, is a global supplier of semiconductor components and related solutions. The company designs, manufactures and sells a broad portfolio that includes power and analog devices, discrete components, sensors and custom mixed-signal products. Its offerings are used to manage, convert and sense electrical power and signals across a wide range of electronic systems.

ON Semiconductor serves customers in key end markets such as automotive, industrial, cloud power and communications, as well as consumer and computing applications.