National Pension Service Acquires 10,201 Shares of Onsemi (NASDAQ:ON)

National Pension Service boosted its position in Onsemi (NASDAQ:ON) by 0.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,467,795 shares of the semiconductor company’s stock after purchasing an additional 10,201 shares during the period. National Pension Service owned about 0.34% of Onsemi worth $106,577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ON. GHP Investment Advisors Inc. raised its position in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 514 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Onsemi by 36.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 169 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Onsemi during the second quarter valued at approximately $43,000. Fidelis Capital Partners LLC bought a new position in shares of Onsemi in the first quarter worth approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in shares of Onsemi during the second quarter worth $53,000. 97.70% of the stock is owned by institutional investors.

Onsemi Trading Down 2.1 %

NASDAQ:ON opened at $69.50 on Tuesday. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77. The stock has a market cap of $29.59 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 7.61 and a beta of 1.65. The business has a fifty day moving average of $71.27 and a 200-day moving average of $71.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The company’s revenue was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Equities analysts predict that Onsemi will post 4 earnings per share for the current year.

Wall Street Analyst Weigh In

ON has been the topic of a number of recent research reports. BNP Paribas decreased their price target on shares of Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Citigroup lowered shares of Onsemi from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $85.00 to $77.00 in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Roth Mkm lifted their target price on shares of Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Finally, TD Cowen dropped their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.91.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total transaction of $109,065.00. Following the transaction, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at approximately $61,018,959.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.