Banco Bilbao Vizcaya Argentaria S.A. Sells 21,511 Shares of Onsemi (NASDAQ:ON)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in shares of Onsemi (NASDAQ:ON) by 61.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,564 shares of the semiconductor company’s stock after selling 21,511 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Onsemi were worth $858,000 as of its most recent filing with the SEC.

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

Onsemi Price Performance

ON opened at $39.63 on Monday. The firm has a market capitalization of $16.73 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The business’s 50-day moving average is $41.87 and its two-hundred day moving average is $55.86. Onsemi has a 1 year low of $31.04 and a 1 year high of $80.08.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Research analysts anticipate that Onsemi will post 2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on ON. Roth Capital set a $60.00 price target on Onsemi in a research report on Friday, March 7th. B. Riley downgraded shares of Onsemi from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Susquehanna dropped their target price on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research note on Tuesday, February 11th. Finally, Morgan Stanley decreased their price target on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.24.

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.