California Public Employees Retirement System Reduces Position in onsemi $ON

California Public Employees Retirement System lessened its holdings in shares of onsemi (NASDAQ:ON) by 61.8% in the first quarter, Holdings Channel.com reports. The firm owned 683,828 shares of the semiconductor company’s stock after selling 1,104,600 shares during the period. California Public Employees Retirement System’s holdings in onsemi were worth $42,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Assetmark Inc. raised its position in shares of onsemi by 15.9% in the first quarter. Assetmark Inc. now owns 10,258 shares of the semiconductor company’s stock valued at $635,000 after purchasing an additional 1,404 shares during the period. Bessemer Group Inc. boosted its holdings in onsemi by 12.5% in the 1st quarter. Bessemer Group Inc. now owns 87,292 shares of the semiconductor company’s stock worth $5,406,000 after buying an additional 9,715 shares during the period. Jag Capital Management LLC bought a new position in onsemi in the 1st quarter worth approximately $445,000. SteelPeak Wealth LLC purchased a new position in onsemi in the 1st quarter valued at approximately $1,011,000. Finally, Wealthfront Advisers LLC grew its stake in onsemi by 11.5% in the 1st quarter. Wealthfront Advisers LLC now owns 41,981 shares of the semiconductor company’s stock valued at $2,599,000 after buying an additional 4,320 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ON. Rosenblatt Securities boosted their target price on shares of onsemi from $60.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Jefferies Financial Group raised their price target on onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Stifel Nicolaus lifted their price target on onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price objective on onsemi from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of onsemi in a report on Wednesday, April 29th. Fourteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $102.24.

onsemi Stock Down 0.8%

Shares of NASDAQ:ON opened at $86.70 on Tuesday. The firm has a fifty day moving average price of $109.49 and a two-hundred day moving average price of $83.17. 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 one year low of $44.56 and a one year high of $134.92. The company has a market cap of $33.98 billion, a price-to-earnings ratio of 61.49, a PEG ratio of 0.78 and a beta of 2.01.

onsemi (NASDAQ:ON) last released 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 firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Analysts anticipate that onsemi will post 3.1 EPS for the current fiscal year.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Neutral Sentiment: MarketBeat highlighted onsemi as one of the “ugliest stocks” now attracting expensive options bets, suggesting some traders are looking for a rebound in oversold names, but this is more sentiment-driven than fundamental. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence (ON)
• Positive Sentiment: The broader article argues that institutional options activity can signal a potential rebound in oversold stocks, which could support investor interest in onsemi if sentiment toward semiconductors improves. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence (ON)

Insider Transactions at onsemi

In related news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.35% of the company’s stock.

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.