Nissay Asset Management Corp Japan ADV grew its position in Onsemi (NASDAQ:ON - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,736 shares of the semiconductor company's stock after acquiring an additional 7,674 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Onsemi were worth $12,458,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Onsemi in the fourth quarter valued at approximately $41,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Onsemi in the fourth quarter valued at approximately $43,000. Synergy Asset Management LLC purchased a new stake in shares of Onsemi during the fourth quarter worth approximately $51,000. Plato Investment Management Ltd purchased a new stake in shares of Onsemi during the fourth quarter worth approximately $51,000. Finally, Rakuten Securities Inc. raised its stake in shares of Onsemi by 434.6% during the fourth quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company's stock worth $54,000 after purchasing an additional 691 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.
Onsemi Price Performance
Shares of ON stock traded up $0.40 during mid-day trading on Friday, reaching $44.92. The stock had a trading volume of 5,476,301 shares, compared to its average volume of 7,755,784. Onsemi has a 12-month low of $31.04 and a 12-month high of $80.08. The company has a market cap of $18.77 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 16.74 and a beta of 1.39. The business has a 50-day simple moving average of $39.76 and a 200 day simple moving average of $52.96. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38.
Onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.40 billion. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. The business's revenue for the quarter was down 22.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. On average, sell-side analysts anticipate that Onsemi will post 2.6 earnings per share for the current year.
Wall Street Analyst Weigh In
ON has been the subject of several analyst reports. Stifel Nicolaus cut their price target on Onsemi from $52.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Benchmark cut their price target on Onsemi from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Morgan Stanley initiated coverage on Onsemi in a research note on Monday, May 12th. They set an "equal weight" rating and a $39.00 price target for the company. The Goldman Sachs Group cut their price target on Onsemi from $77.00 to $64.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Finally, Rosenblatt Securities restated a "neutral" rating and set a $42.00 price target on shares of Onsemi in a research note 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $54.12.
Get Our Latest Stock Analysis on ON
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.
Featured Stories
Before you consider Onsemi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Onsemi wasn't on the list.
While Onsemi currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
