MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Onsemi (NASDAQ:ON - Free Report) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 478,282 shares of the semiconductor company's stock after buying an additional 14,400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.11% of Onsemi worth $30,197,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in Onsemi during the 4th quarter worth about $41,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Onsemi during the 4th quarter worth about $43,000. Synergy Asset Management LLC acquired a new position in Onsemi during the 4th quarter worth about $51,000. Plato Investment Management Ltd acquired a new position in Onsemi during the 4th quarter worth about $51,000. Finally, Rakuten Securities Inc. lifted its stake in Onsemi by 434.6% during the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company's stock worth $54,000 after acquiring an additional 691 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.
Analyst Ratings Changes
ON has been the topic of several research reports. Rosenblatt Securities reissued a "neutral" rating and set a $42.00 target price on shares of Onsemi in a research note on Tuesday, May 6th. Stifel Nicolaus decreased their target price on Onsemi from $52.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. TD Cowen upped their price target on Onsemi from $38.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Wells Fargo & Company cut their price target on Onsemi from $60.00 to $45.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Finally, Benchmark cut their price target on Onsemi from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.12.
Get Our Latest Stock Analysis on Onsemi
Onsemi Stock Performance
NASDAQ:ON traded up $0.40 during mid-day trading on Friday, reaching $44.92. 5,476,301 shares of the stock were exchanged, compared to its average volume of 7,740,138. The company has a 50 day simple moving average of $39.76 and a 200-day simple moving average of $53.10. The stock has a market capitalization of $18.77 billion, a P/E ratio of 12.37, a P/E/G ratio of 16.74 and a beta of 1.39. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. Onsemi has a 1 year low of $31.04 and a 1 year high of $80.08.
Onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.40 billion. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. The firm's quarterly revenue was down 22.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. Analysts anticipate that Onsemi will post 2.6 earnings per share for the current fiscal year.
About Onsemi
(
Free Report)
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.
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