Securian Asset Management Inc. Has $1.44 Million Stock Holdings in Onsemi (NASDAQ:ON)

Securian Asset Management Inc. lessened its position in shares of Onsemi (NASDAQ:ON) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,884 shares of the semiconductor company’s stock after selling 807 shares during the quarter. Securian Asset Management Inc.’s holdings in Onsemi were worth $1,443,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ON. Bridgewater Associates LP lifted its stake in Onsemi by 8,367.5% in the third quarter. Bridgewater Associates LP now owns 1,123,041 shares of the semiconductor company’s stock valued at $81,544,000 after buying an additional 1,109,778 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Onsemi by 35.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock valued at $247,226,000 after buying an additional 1,037,624 shares during the period. Andra AP fonden lifted its stake in Onsemi by 2,388.4% in the fourth quarter. Andra AP fonden now owns 343,400 shares of the semiconductor company’s stock valued at $21,651,000 after buying an additional 329,600 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Onsemi by 19.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,009,180 shares of the semiconductor company’s stock valued at $145,887,000 after buying an additional 326,734 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Onsemi by 3.0% in the third quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock valued at $767,646,000 after buying an additional 309,445 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Up 2.5 %

ON stock opened at $43.19 on Friday. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $52.01 and a two-hundred day moving average price of $63.51. The company has a market cap of $18.20 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 16.74 and a beta of 1.59. Onsemi has a twelve month low of $41.59 and a twelve month high of $80.08.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. Analysts anticipate that Onsemi will post 2.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group cut their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Mizuho cut their target price on Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group lowered their price target on Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a report on Monday, February 10th. Rosenblatt Securities restated a “neutral” rating and issued a $49.00 price target on shares of Onsemi in a report on Thursday, February 27th. Finally, Morgan Stanley lowered their price target on Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Onsemi has an average rating of “Moderate Buy” and an average target price of $66.85.

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.