Capital International Investors Increases Holdings in Onsemi (NASDAQ:ON)

Capital International Investors lifted its position in Onsemi (NASDAQ:ON - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,214,441 shares of the semiconductor company's stock after buying an additional 31,365 shares during the period. Capital International Investors owned approximately 0.99% of Onsemi worth $265,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ON. Capital International Sarl boosted its stake in shares of Onsemi by 7.7% during the 4th quarter. Capital International Sarl now owns 128,893 shares of the semiconductor company's stock worth $8,127,000 after acquiring an additional 9,213 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Onsemi by 9.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 332,211 shares of the semiconductor company's stock valued at $20,937,000 after purchasing an additional 28,591 shares during the period. Canada Pension Plan Investment Board increased its position in Onsemi by 4.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 117,463 shares of the semiconductor company's stock worth $7,406,000 after buying an additional 5,271 shares in the last quarter. Farringdon Capital Ltd. bought a new position in shares of Onsemi in the fourth quarter worth about $684,000. Finally, NewEdge Advisors LLC lifted its position in shares of Onsemi by 1.2% during the 4th quarter. NewEdge Advisors LLC now owns 26,552 shares of the semiconductor company's stock valued at $1,674,000 after buying an additional 312 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ON. Morgan Stanley reduced their target price on shares of Onsemi from $52.00 to $44.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. Benchmark decreased their price objective on shares of Onsemi from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Craig Hallum dropped their target price on shares of Onsemi from $78.00 to $50.00 and set a "hold" rating for the company in a report on Tuesday, February 11th. B. Riley cut Onsemi from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a report on Thursday. Finally, Wells Fargo & Company dropped their price objective on Onsemi from $80.00 to $60.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $62.24.

Onsemi Trading Up 8.9 %

Shares of NASDAQ:ON traded up $3.26 during trading on Thursday, hitting $39.88. The company had a trading volume of 6,385,807 shares, compared to its average volume of 7,504,272. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The company has a fifty day simple moving average of $42.36 and a two-hundred day simple moving average of $56.49. Onsemi has a one year low of $31.04 and a one year high of $80.08.

Onsemi (NASDAQ:ON - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (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 forecast that Onsemi will post 2.6 earnings per share for the current year.

Onsemi Company 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.