7,200 Shares in Onsemi (NASDAQ:ON) Acquired by Mizuho Securities USA LLC

Mizuho Securities USA LLC acquired a new stake in shares of Onsemi (NASDAQ:ONFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,200 shares of the semiconductor company’s stock, valued at approximately $601,000.

Other hedge funds have also recently modified their holdings of the company. Invesco Ltd. grew its holdings in shares of Onsemi by 26.0% in the third quarter. Invesco Ltd. now owns 5,812,863 shares of the semiconductor company’s stock valued at $540,306,000 after purchasing an additional 1,200,723 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Onsemi by 23.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,272,182 shares of the semiconductor company’s stock worth $397,108,000 after buying an additional 817,237 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Onsemi by 4.3% in the 3rd quarter. Northern Trust Corp now owns 4,117,862 shares of the semiconductor company’s stock worth $382,755,000 after buying an additional 171,432 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Onsemi by 25.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,218,131 shares of the semiconductor company’s stock valued at $268,835,000 after buying an additional 645,969 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd lifted its holdings in shares of Onsemi by 2.7% in the 3rd quarter. Alphinity Investment Management Pty Ltd now owns 2,845,345 shares of the semiconductor company’s stock valued at $264,475,000 after acquiring an additional 75,730 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Price Performance

Shares of Onsemi stock traded up $0.17 on Friday, hitting $73.17. 3,844,341 shares of the company were exchanged, compared to its average volume of 7,516,913. The company has a quick ratio of 1.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $70.98 and a 200 day moving average price of $74.04. The stock has a market capitalization of $31.48 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 3.31 and a beta of 1.78. Onsemi has a 1-year low of $59.34 and a 1-year high of $111.35.

Onsemi (NASDAQ:ONGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. During the same quarter last year, the firm earned $1.19 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Onsemi will post 3.85 earnings per share for the current fiscal year.

Insider Activity at Onsemi

In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of Onsemi stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.46, for a total value of $67,833.06. Following the completion of the transaction, the director now directly owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Susquehanna dropped their price objective on Onsemi from $90.00 to $85.00 and set a “positive” rating for the company in a report on Tuesday, April 30th. TD Cowen decreased their target price on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Truist Financial reduced their price target on Onsemi from $89.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Evercore ISI began coverage on Onsemi in a research note on Tuesday, April 16th. They set an “outperform” rating and a $104.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their price target on Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Onsemi has a consensus rating of “Moderate Buy” and an average price target of $90.28.

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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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Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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