Onsemi (NASDAQ:ON) Stock Position Decreased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of Onsemi (NASDAQ:ON - Free Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 696,081 shares of the semiconductor company's stock after selling 10,900 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.16% of Onsemi worth $45,940,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Nordea Investment Management AB increased its holdings in shares of 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 purchasing an additional 82,614 shares in the last quarter. Natixis Advisors LLC increased its holdings in Onsemi by 1.4% in the third quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company's stock valued at $98,169,000 after buying an additional 18,450 shares in the last quarter. Cinctive Capital Management LP acquired a new stake in shares of Onsemi during the 3rd quarter valued at approximately $1,270,000. Blue Trust Inc. boosted its stake in shares of Onsemi by 16.1% during the 4th quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company's stock worth $509,000 after acquiring an additional 1,119 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Onsemi in the 4th quarter worth approximately $515,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Wall Street Analyst Weigh In

ON has been the topic of several research reports. B. Riley lowered their target price on Onsemi from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, January 24th. TD Cowen lowered their price objective on shares of Onsemi from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company cut their target price on shares of Onsemi from $85.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Loop Capital began coverage on shares of Onsemi in a research note on Monday, November 11th. They set a "buy" rating and a $95.00 price objective for the company. Finally, Morgan Stanley reduced their target price on Onsemi from $64.00 to $52.00 and set an "underweight" rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $80.50.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the completion of the transaction, the chief executive officer now owns 837,710 shares of the company's stock, valued at approximately $59,477,410. This represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.31% of the stock is owned by corporate insiders.

Onsemi Stock Up 0.9 %

Shares of ON stock traded up $0.45 during trading hours on Thursday, reaching $52.17. The company had a trading volume of 6,109,698 shares, compared to its average volume of 8,665,607. The company has a market capitalization of $22.21 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 10.02 and a beta of 1.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. Onsemi has a twelve month low of $49.80 and a twelve month high of $85.16. The stock's fifty day simple moving average is $61.35 and its 200 day simple moving average is $67.83.

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.