State of Michigan Retirement System Has $7.06 Million Stake in onsemi $ON

State of Michigan Retirement System lessened its holdings in shares of onsemi (NASDAQ:ON) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 130,436 shares of the semiconductor company’s stock after selling 7,600 shares during the quarter. State of Michigan Retirement System’s holdings in onsemi were worth $7,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in ON. Cromwell Holdings LLC increased its position in onsemi by 17.4% during the 4th quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 194 shares during the period. Westside Investment Management Inc. lifted its position in shares of onsemi by 9.3% in the 4th quarter. Westside Investment Management Inc. now owns 2,360 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 200 shares during the period. Versant Capital Management Inc lifted its position in shares of onsemi by 4.9% in the 3rd quarter. Versant Capital Management Inc now owns 4,264 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 201 shares during the period. UMB Bank n.a. boosted its stake in shares of onsemi by 4.1% in the 3rd quarter. UMB Bank n.a. now owns 5,334 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 211 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its stake in shares of onsemi by 1.9% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 11,475 shares of the semiconductor company’s stock valued at $673,000 after purchasing an additional 212 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

onsemi Trading Up 6.0%

NASDAQ:ON opened at $98.86 on Thursday. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $38.88 billion, a price-to-earnings ratio of 290.77, a PEG ratio of 0.99 and a beta of 1.53. The firm has a fifty day simple moving average of $69.06 and a two-hundred day simple moving average of $60.54. onsemi has a 12 month low of $37.19 and a 12 month high of $101.26.

onsemi (NASDAQ:ON) last announced its quarterly earnings data 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. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. onsemi had a net margin of 2.02% and a return on equity of 12.22%. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. onsemi has set its Q1 2026 guidance at 0.560-0.660 EPS. Analysts expect that onsemi will post 2.93 EPS for the current fiscal year.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Expanded auto/EV partnerships: onsemi broadened integrations of its EliteSiC high‑voltage power technology with Geely and with NIO to support next‑gen 900V EV platforms — a direct revenue catalyst for SiC power devices used in fast EV architectures. onsemi and Geely Expand Strategic Collaboration
• Positive Sentiment: Sector momentum and flow: coverage highlighting a rally in industrial/automotive chips (AI + EV tailwinds) has increased interest in onsemi as a beneficiary of a wider chip rotation into power/sensor suppliers. That thematic push has helped lift the stock in April. How ON Semiconductor More Than Doubled NVIDIA’s Gains in April
• Neutral Sentiment: Near‑term earnings event: onsemi is scheduled to report Q1 results in early May; Street models and management guidance (company provided ranges) will be the next major catalyst — good results or raised visibility on automotive/AI demand could extend the rally, while mixed guidance could trigger profit‑taking. ON Set to Report Q1 Earnings
• Neutral Sentiment: Mixed analyst and fund flows: while several firms have raised targets or issued positive notes, some price targets and quarter‑end portfolio moves show both sizable adds and reductions — implying upside depends on execution and clearer demand visibility. Market commentary: institutional flows & analyst context
• Negative Sentiment: Insider selling: CFO Trent Thad has sold blocks of shares (disclosed via an SEC 10b5‑1 plan). Sales under trading plans are common, but they can still feed short‑term profit‑taking narratives. SEC filing: Trent Thad sale
• Negative Sentiment: Chip‑sector volatility and macro risks: the broader semiconductor group has seen episodic selloffs tied to AI‑spending uncertainty and geopolitical risks; those swings can quickly reverse gains in high‑momentum names like onsemi. Semiconductor selloff context

Insider Activity at onsemi

In related news, CFO Trent Thad sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the transaction, the chief financial officer directly owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. This represents a 9.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the transaction, the chief executive officer owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. The trade was a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 146,114 shares of company stock valued at $11,282,308 in the last three months. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

ON has been the subject of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of onsemi from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Barclays assumed coverage on onsemi in a report on Thursday, February 12th. They set an “equal weight” rating and a $75.00 price target for the company. Craig Hallum reissued a “hold” rating on shares of onsemi in a research report on Tuesday, February 10th. Needham & Company LLC boosted their price objective on onsemi from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, KeyCorp upped their target price on onsemi from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $67.15.

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.