Harel Insurance Investments & Financial Services Ltd. Has $58,000 Stock Holdings in Onsemi (NASDAQ:ON)

Harel Insurance Investments & Financial Services Ltd. cut its holdings in Onsemi (NASDAQ:ON - Free Report) by 94.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 690 shares of the semiconductor company's stock after selling 12,283 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Onsemi were worth $58,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Dana Investment Advisors Inc. lifted its stake in Onsemi by 0.9% during the second quarter. Dana Investment Advisors Inc. now owns 14,460 shares of the semiconductor company's stock worth $1,368,000 after purchasing an additional 129 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Onsemi by 3.3% during the third quarter. Arkadios Wealth Advisors now owns 4,163 shares of the semiconductor company's stock worth $387,000 after purchasing an additional 132 shares in the last quarter. Ballentine Partners LLC lifted its stake in Onsemi by 1.7% during the third quarter. Ballentine Partners LLC now owns 7,867 shares of the semiconductor company's stock worth $731,000 after purchasing an additional 134 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Onsemi by 3.2% in the second quarter. Raymond James Trust N.A. now owns 4,723 shares of the semiconductor company's stock valued at $447,000 after acquiring an additional 145 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Onsemi by 13.2% in the third quarter. Private Trust Co. NA now owns 1,282 shares of the semiconductor company's stock valued at $119,000 after acquiring an additional 149 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ON. Susquehanna reiterated a "positive" rating and issued a $90.00 price objective on shares of Onsemi in a research note on Monday, April 8th. The Goldman Sachs Group dropped their target price on Onsemi from $91.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday. Mizuho cut their price target on Onsemi from $98.00 to $92.00 and set a "buy" rating on the stock in a research note on Tuesday, February 6th. JPMorgan Chase & Co. cut their price target on Onsemi from $95.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 6th. Finally, StockNews.com upgraded Onsemi from a "sell" rating to a "hold" rating in a research note on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $98.52.

Onsemi Price Performance

ON stock traded down $0.25 on Wednesday, reaching $64.47. The company had a trading volume of 6,573,154 shares, compared to its average volume of 7,269,250. Onsemi has a 1 year low of $61.47 and a 1 year high of $111.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. The company's fifty day moving average is $75.43 and its 200 day moving average is $76.75. The company has a market cap of $27.71 billion, a P/E ratio of 13.18, a PEG ratio of 6.36 and a beta of 1.80.

Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.04. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. Onsemi's revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 EPS. On average, research analysts forecast that Onsemi will post 4.34 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.