Onsemi (NASDAQ:ON) Shares Acquired by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. grew its stake in Onsemi (NASDAQ:ON) by 122.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,730 shares of the semiconductor company’s stock after acquiring an additional 2,050 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in Onsemi were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Onsemi by 18.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock worth $289,088,000 after purchasing an additional 665,633 shares during the period. Capital International Investors grew its holdings in shares of Onsemi by 1.0% during the 1st quarter. Capital International Investors now owns 4,107,006 shares of the semiconductor company’s stock worth $302,070,000 after purchasing an additional 42,117 shares during the period. Van ECK Associates Corp grew its holdings in shares of Onsemi by 26.4% during the 3rd quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock worth $237,559,000 after purchasing an additional 729,081 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Onsemi by 14.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,968,160 shares of the semiconductor company’s stock valued at $215,518,000 after acquiring an additional 380,471 shares during the period. Finally, Earnest Partners LLC boosted its holdings in Onsemi by 6.7% during the 1st quarter. Earnest Partners LLC now owns 2,596,042 shares of the semiconductor company’s stock valued at $190,939,000 after acquiring an additional 161,987 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total value of $109,065.00. Following the completion of the transaction, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at $61,018,959.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Roth Mkm raised their target price on Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Susquehanna lifted their price objective on Onsemi from $85.00 to $95.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lifted their price objective on Onsemi from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.30.

Onsemi Price Performance

ON traded down $2.05 during trading on Wednesday, reaching $68.18. 1,686,366 shares of the stock were exchanged, compared to its average volume of 6,729,762. The business’s 50 day moving average price is $70.59 and its two-hundred day moving average price is $71.96. 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 company has a market capitalization of $29.03 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 7.53 and a beta of 1.65. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Onsemi’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.39 earnings per share. As a group, equities research analysts anticipate that Onsemi will post 4 earnings per share for the current year.

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.