TT International Asset Management LTD Reduces Stake in Onsemi (NASDAQ:ON)

TT International Asset Management LTD reduced its stake in Onsemi (NASDAQ:ON) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,523 shares of the semiconductor company’s stock after selling 2,308 shares during the quarter. TT International Asset Management LTD’s holdings in Onsemi were worth $1,041,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Onsemi during the third quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Onsemi during the third quarter valued at about $33,000. GHP Investment Advisors Inc. grew its position in shares of Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 514 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Onsemi during the third quarter valued at about $43,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Onsemi by 42.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 898 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 269 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the transaction, the chief executive officer now owns 837,710 shares in the company, valued at $59,477,410. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

Onsemi Stock Performance

Shares of ON stock opened at $53.94 on Monday. The business’s fifty day simple moving average is $66.86 and its 200-day simple moving average is $70.29. The company has a market cap of $22.97 billion, a PE ratio of 13.38, a PEG ratio of 7.07 and a beta of 1.64. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. Onsemi has a 12-month low of $53.60 and a 12-month high of $85.16.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, beating 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 company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the company earned $1.39 earnings per share. The firm’s revenue was down 19.2% on a year-over-year basis. Analysts expect that Onsemi will post 4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ON shares. Mizuho set a $85.00 price objective on Onsemi in a research report on Friday, October 18th. Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Onsemi in a research report on Tuesday, October 29th. Morgan Stanley lifted their price target on Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 price target on shares of Onsemi in a research report on Tuesday, October 29th. Finally, BNP Paribas dropped their target price on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $84.43.

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.