Banco Bilbao Vizcaya Argentaria S.A. Sells 21,511 Shares of Onsemi (NASDAQ:ON)

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in shares of Onsemi (NASDAQ:ON - Free Report) by 61.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,564 shares of the semiconductor company's stock after selling 21,511 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Onsemi were worth $858,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Onsemi during the fourth quarter worth about $378,312,000. Allspring Global Investments Holdings LLC grew its position in Onsemi by 35.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company's stock worth $247,226,000 after acquiring an additional 1,037,624 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Onsemi by 18.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company's stock valued at $316,195,000 after purchasing an additional 771,610 shares in the last quarter. Vanguard Group Inc. boosted its stake in Onsemi by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company's stock worth $3,224,081,000 after purchasing an additional 344,354 shares in the last quarter. Finally, Andra AP fonden boosted 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 worth $21,651,000 after purchasing an additional 329,600 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Stock Up 5.8 %

ON stock traded up $2.31 during mid-day trading on Friday, hitting $41.91. 14,133,304 shares of the company were exchanged, compared to its average volume of 7,488,126. The firm has a market cap of $17.69 billion, a P/E ratio of 11.55, a P/E/G ratio of 16.74 and a beta of 1.48. Onsemi has a 1-year low of $31.04 and a 1-year high of $80.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The firm's 50 day simple moving average is $40.48 and its 200 day simple moving average is $54.90.

Onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. On average, sell-side analysts predict that Onsemi will post 2.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ON has been the subject of a number of research analyst reports. Roth Mkm cut their price target on Onsemi from $100.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company reduced their target price on shares of Onsemi from $80.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. KeyCorp dropped their price objective on shares of Onsemi from $60.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Craig Hallum decreased their price objective on Onsemi from $78.00 to $50.00 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Finally, Needham & Company LLC restated a "buy" rating and set a $57.00 target price on shares of Onsemi in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.24.

About Onsemi

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.