onsemi $ON Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its holdings in shares of onsemi (NASDAQ:ON) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 137,544 shares of the semiconductor company’s stock after selling 7,107 shares during the period. State of New Jersey Common Pension Fund D’s holdings in onsemi were worth $7,448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ameriprise Financial Inc. raised its position in shares of onsemi by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after acquiring an additional 877,533 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in onsemi by 8.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock worth $360,828,000 after buying an additional 474,725 shares during the period. Rafferty Asset Management LLC increased its position in onsemi by 55.0% during the second 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 period. Capital International Investors increased its position in onsemi by 0.5% during the third quarter. Capital International Investors now owns 4,249,967 shares of the semiconductor company’s stock worth $209,566,000 after buying an additional 22,699 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in onsemi by 38.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock worth $215,624,000 after buying an additional 1,112,774 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Expanded EV collaboration with Geely — onsemi and Geely have broadened their electric-vehicle technology partnership, reinforcing onsemi’s exposure to a major automaker and strengthening revenue visibility in the EV powertrain market. Onsemi-Geely EV tech collaboration
• Positive Sentiment: Design win in solar + energy storage — onsemi is powering Sineng Electric’s advanced solar and energy-storage solutions, highlighting traction in renewable energy and grid-edge applications that diversify end markets beyond automotive. Onsemi powers Sineng Electric
• Neutral Sentiment: Positive press on performance and long-term returns — multiple market write-ups (including a 10‑year performance piece and “laps the market” coverage) are drawing investor attention to onsemi’s run; useful for sentiment but not new fundamental guidance. 10-year return piece
• Negative Sentiment: Insider sale by CFO — a public filing shows onsemi’s CFO sold approximately $2.79M of stock on April 30; while routine sales occur, some investors view insider selling as a potential signal to take profits or add volatility. CFO Insider Sale

onsemi Trading Up 2.2%

NASDAQ:ON opened at $103.05 on Friday. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. onsemi has a 12-month low of $37.19 and a 12-month high of $103.32. The firm has a market cap of $40.53 billion, a P/E ratio of 303.10, a PEG ratio of 1.05 and a beta of 1.94. The stock’s 50 day simple moving average is $69.72 and its 200-day simple moving average is $60.89.

onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. onsemi had a return on equity of 12.22% and a net margin of 2.02%.The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. onsemi has set its Q1 2026 guidance at 0.560-0.660 EPS. Equities analysts anticipate that onsemi will post 2.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Evercore reaffirmed an “outperform” rating on shares of onsemi in a research report on Wednesday, January 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $60.00 price target on shares of onsemi in a research report on Tuesday, February 10th. Wells Fargo & Company lifted their price target on onsemi from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Stifel Nicolaus boosted their target price on onsemi from $50.00 to $60.00 and gave the company a “hold” rating in a report on Friday, January 16th. Finally, BNP Paribas Exane raised onsemi from a “strong sell” rating to a “hold” rating in a report on Thursday, January 22nd. Fourteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $67.15.

Insider Activity at onsemi

In related news, insider Sudhir Gopalswamy sold 6,114 shares of onsemi stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the sale, the insider directly owned 173,943 shares in the company, valued at $10,205,235.81. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 owned 301,194 shares in the company, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 146,114 shares of company stock worth $11,282,308 over the last three months. 0.35% of the stock is currently owned by corporate insiders.

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.