California State Teachers Retirement System Boosts Stock Holdings in onsemi $ON

California State Teachers Retirement System lifted its position in onsemi (NASDAQ:ON - Free Report) by 11,638.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,231,686 shares of the semiconductor company's stock after acquiring an additional 54,761,166 shares during the quarter. California State Teachers Retirement System owned approximately 14.19% of onsemi worth $5,221,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ON. Twin Capital Management Inc. purchased a new stake in onsemi in the 4th quarter valued at about $585,000. North Dakota State Investment Board purchased a new position in shares of onsemi in the 4th quarter worth approximately $784,000. Allstate Corp boosted its stake in shares of onsemi by 89.0% in the 4th quarter. Allstate Corp now owns 28,136 shares of the semiconductor company's stock worth $1,524,000 after buying an additional 13,250 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of onsemi by 103.0% in the first quarter. Kornitzer Capital Management Inc. KS now owns 89,080 shares of the semiconductor company's stock valued at $5,516,000 after acquiring an additional 45,200 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of onsemi during the fourth quarter valued at approximately $2,777,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi’s latest quarterly results remain a supportive backdrop: revenue increased 9.2% year over year, EPS exceeded consensus, and management provided third-quarter 2026 EPS guidance of $0.81–$0.93. However, these results were reported previously and are not a fresh catalyst today.
• Neutral Sentiment: The broader semiconductor sector has recently benefited from enthusiasm around artificial-intelligence infrastructure and advanced-chip demand, which could provide some support for onsemi’s power and automotive semiconductor businesses. Why Onto Innovation Stock Is Up Today
• Negative Sentiment: Recent market coverage highlighted onsemi’s 4.44% decline in the prior trading session, reflecting heavier selling than the broader market. The stock is also trading below its 50-day and 200-day moving averages, indicating continued technical pressure and limited near-term momentum. ON Semiconductor Falls More Steeply Than Broader Market
• Negative Sentiment: A Seeking Alpha analysis characterized the stock’s recent setup as a potential “bull trap,” raising concerns that optimism about an AI-driven portfolio refresh may not yet be translating into sustained earnings momentum. That caution may be weighing on investors following the recent selloff. ON Semiconductor’s Bull Trap Over

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup dropped their price target on onsemi from $120.00 to $98.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Stifel Nicolaus upped their price objective on onsemi from $90.00 to $107.00 and gave the company a "hold" rating in a research note on Wednesday, June 24th. Truist Financial set a $40.00 target price on onsemi in a research report on Wednesday, August 12th. Susquehanna lifted their target price on onsemi from $140.00 to $150.00 and gave the stock a "positive" rating in a research note on Thursday, July 9th. Finally, TD Cowen cut their price target on shares of onsemi from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Monday, July 13th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, onsemi presently has an average rating of "Moderate Buy" and an average target price of $96.44.

onsemi Price Performance

Shares of NASDAQ ON opened at $70.98 on Thursday. The stock has a fifty day simple moving average of $82.31 and a two-hundred day simple moving average of $87.33. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 0.58 and a beta of 2.00. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51.

onsemi (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The business's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Analysts anticipate that onsemi will post 3.23 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.