Onsemi (NASDAQ:ON) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Onsemi (NASDAQ:ON) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 696,081 shares of the semiconductor company’s stock after selling 10,900 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Onsemi were worth $45,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ON. Capital Performance Advisors LLP acquired a new stake in Onsemi during the third quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi during the third quarter valued at about $33,000. GHP Investment Advisors Inc. increased its position in shares of Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 514 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi during the third quarter valued at about $43,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Onsemi during the fourth quarter valued at about $51,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. KeyCorp dropped their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Rosenblatt Securities reissued a “neutral” rating and issued a $75.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. Loop Capital began coverage on shares of Onsemi in a research note on Monday, November 11th. They issued a “buy” rating and a $95.00 price objective for the company. UBS Group decreased their price target on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Susquehanna decreased their price target on shares of Onsemi from $80.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Onsemi presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s 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 sale, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Onsemi Stock Performance

Shares of Onsemi stock opened at $50.58 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 10.02 and a beta of 1.62. The firm’s fifty day simple moving average is $61.72 and its 200-day simple moving average is $67.95. Onsemi has a 12 month low of $49.80 and a 12 month high of $85.16.

Onsemi 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.