National Pension Service Buys 10,201 Shares of Onsemi (NASDAQ:ON)

National Pension Service increased its stake in shares of Onsemi (NASDAQ:ON) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,467,795 shares of the semiconductor company’s stock after buying an additional 10,201 shares during the quarter. National Pension Service’s holdings in Onsemi were worth $106,577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Onsemi by 39.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,299 shares of the semiconductor company’s stock valued at $978,000 after purchasing an additional 3,735 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Onsemi in the first quarter valued at about $774,000. Fidelis Capital Partners LLC acquired a new stake in shares of Onsemi in the first quarter valued at about $45,000. Nordea Investment Management AB increased its position in Onsemi by 5.2% during the first quarter. Nordea Investment Management AB now owns 283,225 shares of the semiconductor company’s stock worth $21,120,000 after buying an additional 14,011 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Onsemi by 3,907.5% in the first quarter. Larson Financial Group LLC now owns 1,603 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 1,563 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ON shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 price target on shares of Onsemi in a research note on Tuesday, October 29th. Susquehanna increased their price target on Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Benchmark reissued a “buy” rating and set a $90.00 price objective on shares of Onsemi in a research report on Tuesday, October 29th. Roth Mkm raised their price target on shares of Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Mizuho set a $85.00 price objective on Onsemi in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $85.91.

Insider Transactions at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction on Monday, September 16th. The shares were sold at an average price of $70.80, for a total value of $106,200.00. Following the sale, the chief executive officer now owns 840,620 shares in the company, valued at $59,515,896. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.31% of the company’s stock.

Onsemi Trading Down 2.1 %

Shares of ON opened at $69.50 on Tuesday. Onsemi has a 1-year low of $59.34 and a 1-year high of $86.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The firm’s 50 day simple moving average is $71.27 and its 200 day simple moving average is $71.62. The company has a market capitalization of $29.59 billion, a P/E ratio of 17.25, a P/E/G ratio of 7.61 and a beta of 1.65.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the business earned $1.39 earnings per share. The business’s revenue was down 19.2% on a year-over-year basis. Sell-side analysts forecast that Onsemi will post 4 earnings per share for the current fiscal year.

Onsemi Company 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.