Daiwa Securities Group Inc. Grows Holdings in Onsemi (NASDAQ:ON)

Daiwa Securities Group Inc. raised its position in Onsemi (NASDAQ:ON - Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,825 shares of the semiconductor company's stock after buying an additional 14,229 shares during the period. Daiwa Securities Group Inc.'s holdings in Onsemi were worth $10,518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ON. Capital Performance Advisors LLP purchased a new position in Onsemi in the third quarter valued at $27,000. Atria Investments Inc lifted its holdings in Onsemi by 9.0% during the third quarter. Atria Investments Inc now owns 15,316 shares of the semiconductor company's stock valued at $1,112,000 after purchasing an additional 1,268 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Onsemi during the third quarter valued at $33,000. Apollon Wealth Management LLC lifted its holdings in Onsemi by 75.1% during the third quarter. Apollon Wealth Management LLC now owns 10,652 shares of the semiconductor company's stock valued at $773,000 after purchasing an additional 4,569 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Onsemi during the third quarter valued at $2,147,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Onsemi Stock Performance

NASDAQ ON opened at $42.86 on Wednesday. The stock has a market cap of $18.06 billion, a PE ratio of 11.81, a P/E/G ratio of 16.74 and a beta of 1.59. 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 has a twelve month low of $41.85 and a twelve month high of $82.65. The stock has a fifty day simple moving average of $52.80 and a 200-day simple moving average of $63.80.

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Onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Equities analysts anticipate that Onsemi will post 2.6 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Onsemi from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, February 10th. KeyCorp decreased their price objective on shares of Onsemi from $90.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Mizuho decreased their price objective on shares of Onsemi from $85.00 to $71.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Susquehanna dropped their target price on shares of Onsemi from $70.00 to $60.00 and set a "positive" rating for the company in a report on Tuesday, February 11th. Finally, Roth Mkm dropped their target price on shares of Onsemi from $100.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Onsemi has a consensus rating of "Moderate Buy" and an average target price of $66.85.

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.

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