Onsemi (NASDAQ:ON) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in shares of Onsemi (NASDAQ:ON) by 16.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 110,827 shares of the semiconductor company’s stock after purchasing an additional 15,441 shares during the period. Vontobel Holding Ltd.’s holdings in Onsemi were worth $6,988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Onsemi during the 3rd quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi during the 3rd quarter worth $33,000. GHP Investment Advisors Inc. boosted its position in Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in Onsemi in the 3rd quarter valued at $43,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Onsemi in the 4th quarter valued at $41,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on ON. JPMorgan Chase & Co. lowered their price target on Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. UBS Group lowered their price target on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Susquehanna lowered their price target on Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a report on Tuesday, February 11th. Needham & Company LLC lowered their price target on Onsemi from $66.00 to $57.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.16.

Onsemi Stock Performance

Shares of NASDAQ ON opened at $51.83 on Friday. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average price is $58.71 and its two-hundred day moving average price is $66.72. Onsemi has a 52-week low of $46.57 and a 52-week high of $85.16. The stock has a market capitalization of $21.84 billion, a P/E ratio of 12.86, a P/E/G ratio of 10.27 and a beta of 1.61.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 22.38% and a net margin of 23.80%. As a group, sell-side analysts forecast that Onsemi will post 3.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the sale, the chief executive officer now owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

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.