Onsemi (NASDAQ:ON) Shares Sold by Aviva PLC

Aviva PLC lessened its stake in Onsemi (NASDAQ:ON) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 213,187 shares of the semiconductor company’s stock after selling 3,728 shares during the period. Aviva PLC’s holdings in Onsemi were worth $13,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Onsemi during the fourth quarter worth about $41,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Onsemi during the 4th quarter worth approximately $43,000. Synergy Asset Management LLC purchased a new position in Onsemi in the 4th quarter valued at approximately $51,000. Plato Investment Management Ltd acquired a new position in shares of Onsemi in the fourth quarter worth $51,000. Finally, Rakuten Securities Inc. increased its position in shares of Onsemi by 434.6% during the fourth 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. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ON shares. The Goldman Sachs Group decreased their target price on Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Susquehanna lowered their price objective on Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a research report on Tuesday, February 11th. UBS Group cut their target price on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Benchmark decreased their price target on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Mizuho dropped their price objective on shares of Onsemi from $71.00 to $62.00 and set an “outperform” rating on the stock in a research report on Monday, March 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

Onsemi Price Performance

Shares of NASDAQ ON opened at $35.08 on Tuesday. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.78 billion, a P/E ratio of 9.66, a P/E/G ratio of 16.74 and a beta of 1.48. The stock has a 50 day moving average of $46.82 and a two-hundred day moving average of $59.73. Onsemi has a twelve month low of $32.20 and a twelve month high of $80.08.

Onsemi (NASDAQ:ON) last released 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 net margin of 22.21% and a return on equity of 20.10%. On average, research analysts forecast that Onsemi will post 2.6 earnings per share for the current 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.