Onsemi (NASDAQ:ON) Shares Sold by NZS Capital LLC

NZS Capital LLC decreased its position in shares of Onsemi (NASDAQ:ON - Free Report) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 398,568 shares of the semiconductor company's stock after selling 34,984 shares during the quarter. NZS Capital LLC owned 0.09% of Onsemi worth $25,130,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ON. Nordea Investment Management AB grew its stake in Onsemi by 25.9% in the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company's stock valued at $25,724,000 after acquiring an additional 82,614 shares during the period. Blue Trust Inc. grew its position in shares of Onsemi by 16.1% in the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company's stock valued at $509,000 after purchasing an additional 1,119 shares during the period. Oak Thistle LLC acquired a new position in shares of Onsemi during the 4th quarter worth about $515,000. Deltec Asset Management LLC acquired a new stake in Onsemi in the 4th quarter worth about $6,343,000. Finally, World Investment Advisors LLC purchased a new stake in Onsemi during the 3rd quarter worth approximately $1,087,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

ON has been the subject of a number of recent analyst reports. Mizuho cut their price objective on Onsemi from $71.00 to $62.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. The Goldman Sachs Group dropped their target price on shares of Onsemi from $77.00 to $64.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price target on Onsemi from $88.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Needham & Company LLC restated a "buy" rating and set a $57.00 price target on shares of Onsemi in a research report on Monday, March 3rd. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $49.00 price objective on shares of Onsemi in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $61.24.

Onsemi Stock Up 6.2 %

NASDAQ:ON traded up $2.44 during midday trading on Friday, hitting $42.04. 6,888,732 shares of the company were exchanged, compared to its average volume of 7,453,043. The company has a fifty day simple moving average of $40.66 and a 200 day simple moving average of $55.19. The company has a market capitalization of $17.74 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48. Onsemi has a fifty-two week low of $31.04 and a fifty-two week high of $80.08. 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 released its quarterly earnings results 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 return on equity of 20.10% and a net margin of 22.21%. As a group, equities analysts anticipate that Onsemi will post 2.6 earnings per share for the current fiscal 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.