Mitsubishi UFJ Trust & Banking Corp Sells 701 Shares of Onsemi (NASDAQ:ON)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Onsemi (NASDAQ:ON) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 199,602 shares of the semiconductor company’s stock after selling 701 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Onsemi were worth $12,585,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC bought a new position in shares of Onsemi during the 3rd quarter worth about $43,000. Newbridge Financial Services Group Inc. bought a new position in Onsemi during the fourth quarter valued at about $41,000. Synergy Asset Management LLC acquired a new position in Onsemi in the 4th quarter valued at approximately $51,000. Plato Investment Management Ltd bought a new stake in shares of Onsemi in the 4th quarter worth approximately $51,000. Finally, Rakuten Securities Inc. lifted its position in shares of 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 acquiring an additional 691 shares during the period. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ON. Craig Hallum cut their target price on Onsemi from $78.00 to $50.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. KeyCorp dropped their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Benchmark decreased their target price on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Finally, Roth Mkm cut their price target on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.50.

Onsemi Stock Down 6.4 %

NASDAQ:ON opened at $40.94 on Friday. The stock’s fifty day moving average price is $48.92 and its two-hundred day moving average price is $61.21. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 16.74 and a beta of 1.59. Onsemi has a 52-week low of $40.62 and a 52-week high of $80.08. 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 (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 EPS 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%. On average, analysts anticipate that Onsemi will post 2.6 EPS for the current year.

About Onsemi

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.