Capital International Inc. CA Buys 4,390 Shares of Onsemi (NASDAQ:ON)

Capital International Inc. CA increased its position in Onsemi (NASDAQ:ON) by 5.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 86,362 shares of the semiconductor company’s stock after purchasing an additional 4,390 shares during the quarter. Capital International Inc. CA’s holdings in Onsemi were worth $6,352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Onsemi in the fourth quarter valued at approximately $32,000. Private Wealth Management Group LLC acquired a new stake in Onsemi in the 4th quarter valued at $33,000. MeadowBrook Investment Advisors LLC bought a new stake in Onsemi during the 4th quarter valued at $33,000. Planned Solutions Inc. acquired a new position in Onsemi during the fourth quarter worth $46,000. Finally, CVA Family Office LLC bought a new position in shares of Onsemi in the fourth quarter valued at $47,000. 97.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ON. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Jefferies Financial Group started coverage on Onsemi in a research note on Monday, May 13th. They issued a “buy” rating and a $100.00 price objective for the company. BNP Paribas restated an “underperform” rating and issued a $55.00 target price on shares of Onsemi in a report on Friday, April 19th. Stifel Nicolaus decreased their price target on Onsemi from $82.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $92.00 price objective on shares of Onsemi in a research note on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.36.

Insider Transactions at Onsemi

In other Onsemi news, CFO Trent Thad sold 38,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the sale, the chief financial officer now owns 331,829 shares of the company’s stock, valued at approximately $24,074,193.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the sale, the director now owns 48,929 shares in the company, valued at $3,643,253.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the completion of the transaction, the chief financial officer now owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Onsemi Price Performance

NASDAQ ON traded up $2.63 during trading hours on Friday, hitting $70.17. The company had a trading volume of 7,762,192 shares, compared to its average volume of 6,796,082. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. The firm has a market capitalization of $30.19 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 3.04 and a beta of 1.69. Onsemi has a 52 week low of $59.34 and a 52 week high of $111.35. The firm has a 50 day simple moving average of $72.55 and a 200 day simple moving average of $73.20.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. Onsemi’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $1.19 earnings per share. Equities research analysts expect that Onsemi will post 4.02 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.