TCW Group Inc. Grows Position in Onsemi (NASDAQ:ON)

TCW Group Inc. increased its position in shares of Onsemi (NASDAQ:ON) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 290,396 shares of the semiconductor company’s stock after purchasing an additional 2,354 shares during the quarter. TCW Group Inc.’s holdings in Onsemi were worth $18,309,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Onsemi by 35.9% in the 3rd quarter. Creative Planning now owns 29,879 shares of the semiconductor company’s stock valued at $2,170,000 after purchasing an additional 7,888 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Onsemi by 5.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 7,909 shares of the semiconductor company’s stock worth $574,000 after acquiring an additional 405 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Onsemi by 25.8% during the 3rd quarter. Private Advisor Group LLC now owns 8,424 shares of the semiconductor company’s stock worth $612,000 after acquiring an additional 1,728 shares in the last quarter. Greenleaf Trust raised its stake in shares of Onsemi by 3.4% during the 3rd quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock worth $382,000 after acquiring an additional 173 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Onsemi by 3,587.7% during the 3rd quarter. International Assets Investment Management LLC now owns 23,380 shares of the semiconductor company’s stock worth $1,698,000 after acquiring an additional 22,746 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Onsemi Stock Performance

Shares of NASDAQ ON opened at $54.05 on Friday. The company’s fifty day moving average price is $57.39 and its 200 day moving average price is $66.11. Onsemi has a 1 year low of $46.57 and a 1 year high of $85.16. The company has a market capitalization of $22.78 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 16.74 and a beta of 1.61. 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 results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (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, research analysts predict that Onsemi will post 2.6 earnings per share for the current year.

Analysts Set New Price Targets

ON has been the topic of a number of recent analyst reports. UBS Group cut their price target 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. Rosenblatt Securities restated a “neutral” rating and set a $75.00 price target on shares of Onsemi in a research note on Friday, February 7th. Jefferies Financial Group cut their price target on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Citigroup cut their price target on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company cut their price target on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.16.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

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.