Teacher Retirement System of Texas Sells 9,374 Shares of ON Semiconductor Corporation $ON

Teacher Retirement System of Texas reduced its stake in shares of ON Semiconductor Corporation (NASDAQ:ON) by 14.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,765 shares of the semiconductor company’s stock after selling 9,374 shares during the quarter. Teacher Retirement System of Texas’ holdings in ON Semiconductor were worth $2,700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. iA Global Asset Management Inc. lifted its position in ON Semiconductor by 2.4% during the third quarter. iA Global Asset Management Inc. now owns 47,375 shares of the semiconductor company’s stock worth $2,336,000 after purchasing an additional 1,108 shares during the period. Register Financial Advisors LLC raised its position in shares of ON Semiconductor by 75.2% in the 3rd quarter. Register Financial Advisors LLC now owns 12,350 shares of the semiconductor company’s stock valued at $609,000 after buying an additional 5,300 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of ON Semiconductor during the 3rd quarter worth approximately $5,327,000. Chicago Partners Investment Group LLC boosted its position in shares of ON Semiconductor by 38.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,788 shares of the semiconductor company’s stock worth $403,000 after acquiring an additional 2,169 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in ON Semiconductor by 68.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 235 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TD Cowen restated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Rosenblatt Securities reissued a “neutral” rating and set a $50.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. UBS Group raised their price objective on ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Morgan Stanley boosted their target price on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, November 24th. Finally, Citigroup raised their price target on shares of ON Semiconductor from $54.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Thirteen research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.30.

Key ON Semiconductor News

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

• Positive Sentiment: Recent quarterly results showed an EPS beat and management provided Q4 guidance, which supports earnings visibility — the company reported $0.63 EPS vs. $0.59 consensus and gave Q4 2025 EPS guidance of $0.57–$0.67. MarketBeat ON summary
• Positive Sentiment: Healthy balance-sheet and liquidity metrics (low debt-to-equity ~0.43, current ratio ~5.2, quick ratio ~3.5) reduce near-term financial risk and make the company better positioned to weather demand cycles. (Company financials summarized by MarketBeat.) MarketBeat ON summary
• Neutral Sentiment: Technical/context: trading volume is slightly above average and the share price remains above the 50‑day and 200‑day moving averages — a sign that buyers were active recently but some are now trimming positions. This suggests today’s weakness may be short-term profit-taking rather than a fresh fundamental shock.
• Negative Sentiment: Valuation sensitivity: ON’s trailing P/E is elevated (~80.8) and the stock is trading near its 12‑month high, which makes it vulnerable to pullbacks when growth concerns or macro volatility surface. MarketWatch/Zacks noted the stock moved lower and underperformed the broader market today. Zacks: ON drop insight
• Negative Sentiment: Revenue softness remains a concern — recent quarter showed revenue down ~12% year‑over‑year even as EPS topped estimates, highlighting margin mix improvements but weaker top-line demand that could pressure forward growth and re-rate multiples.

ON Semiconductor Trading Down 4.2%

ON opened at $62.20 on Friday. ON Semiconductor Corporation has a fifty-two week low of $31.04 and a fifty-two week high of $66.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. The firm has a market capitalization of $25.03 billion, a price-to-earnings ratio of 80.78, a PEG ratio of 2.82 and a beta of 1.55. The company’s 50 day moving average price is $56.51 and its two-hundred day moving average price is $52.96.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, research analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.

ON Semiconductor announced that its Board of Directors has approved a stock buyback plan on Tuesday, November 18th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 32.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total value of $1,101,000.00. Following the sale, the chief financial officer owned 379,448 shares in the company, valued at approximately $20,888,612.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

ON Semiconductor 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.