Onsemi (NASDAQ:ON) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in shares of Onsemi (NASDAQ:ON) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,827 shares of the semiconductor company’s stock after purchasing an additional 15,441 shares during the period. Vontobel Holding Ltd.’s holdings in Onsemi were worth $6,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ON. Geode Capital Management LLC increased its position in Onsemi by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock valued at $767,646,000 after acquiring an additional 309,445 shares during the period. Allspring Global Investments Holdings LLC increased its position in Onsemi by 35.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock valued at $247,226,000 after acquiring an additional 1,037,624 shares during the period. Van ECK Associates Corp increased its position in Onsemi by 26.4% in the 3rd quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock valued at $237,559,000 after acquiring an additional 729,081 shares during the period. Charles Schwab Investment Management Inc. increased its position in Onsemi by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,404,589 shares of the semiconductor company’s stock valued at $174,597,000 after acquiring an additional 31,889 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Onsemi by 19.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,009,180 shares of the semiconductor company’s stock valued at $145,887,000 after acquiring an additional 326,734 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Trading Up 1.8 %

Shares of Onsemi stock opened at $51.83 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. Onsemi has a 1 year low of $46.57 and a 1 year high of $85.16. The company has a market capitalization of $21.84 billion, a P/E ratio of 12.86, a P/E/G ratio of 10.27 and a beta of 1.61. The business has a 50 day moving average price of $58.71 and a 200 day moving average price of $66.72.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Sell-side analysts anticipate that Onsemi will post 3.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on ON. BNP Paribas dropped their price target on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Roth Mkm lowered their price objective on Onsemi from $100.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. UBS Group lowered their price objective on Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Citigroup lowered their price objective on Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Finally, Loop Capital assumed coverage on Onsemi in a report on Monday, November 11th. They issued a “buy” rating and a $95.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and a consensus target price of $68.16.

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 stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by insiders.

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.