Global X Japan Co. Ltd. Sells 6,569 Shares of Onsemi (NASDAQ:ON)

Global X Japan Co. Ltd. lessened its position in Onsemi (NASDAQ:ON) by 15.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,727 shares of the semiconductor company’s stock after selling 6,569 shares during the period. Global X Japan Co. Ltd.’s holdings in Onsemi were worth $2,190,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC grew 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 worth $767,646,000 after purchasing an additional 309,445 shares during the period. Van ECK Associates Corp raised its position in Onsemi by 26.4% in the third quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock worth $237,559,000 after acquiring an additional 729,081 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 worth $215,518,000 after acquiring an additional 380,471 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Onsemi by 1.3% during 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 stake in shares of 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 worth $145,887,000 after purchasing an additional 326,734 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Onsemi Stock Up 1.4 %

Onsemi stock opened at $52.44 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. The stock has a market capitalization of $22.33 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 10.02 and a beta of 1.62. The business has a 50 day simple moving average of $60.99 and a 200-day simple moving average of $67.73. Onsemi has a 12 month low of $49.80 and a 12 month high of $85.16.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. TD Cowen dropped their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Robert W. Baird raised their price objective on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Roth Mkm reaffirmed a “buy” rating and issued a $100.00 target price on shares of Onsemi in a report on Thursday, December 12th. Finally, B. Riley cut their price target on Onsemi from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.50.

Insider Buying and Selling at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred 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 owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.