Onsemi (NASDAQ:ON) Shares Acquired by Capital International Sarl

Capital International Sarl lifted its position in Onsemi (NASDAQ:ON) by 7.7% in the 4th quarter, HoldingsChannel reports. The firm owned 128,893 shares of the semiconductor company’s stock after purchasing an additional 9,213 shares during the quarter. Capital International Sarl’s holdings in Onsemi were worth $8,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ON. Newbridge Financial Services Group Inc. purchased a new position in shares of Onsemi during the 4th quarter valued at about $41,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Onsemi during the fourth quarter valued at approximately $43,000. Synergy Asset Management LLC purchased a new position in Onsemi during the fourth quarter valued at approximately $51,000. Plato Investment Management Ltd purchased a new stake in Onsemi in the 4th quarter worth approximately $51,000. Finally, Rakuten Securities Inc. boosted its position in Onsemi by 434.6% in the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

ON has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Susquehanna decreased their price objective on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a research report on Tuesday, February 11th. Citigroup dropped their target price on Onsemi from $52.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Roth Mkm reduced their price target on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Mizuho dropped their price objective on Onsemi from $71.00 to $62.00 and set an “outperform” rating on the stock in a report on Monday, March 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $63.52.

Onsemi Stock Performance

Shares of Onsemi stock opened at $34.64 on Friday. The business’s 50 day moving average price is $43.28 and its 200 day moving average price is $57.22. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 16.74 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. Onsemi has a one year low of $31.04 and a one year high of $80.08.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. On average, research analysts predict that Onsemi will post 2.6 EPS 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.