Bessemer Group Inc. trimmed its stake in shares of Onsemi (NASDAQ:ON - Free Report) by 88.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,068 shares of the semiconductor company's stock after selling 82,724 shares during the period. Bessemer Group Inc.'s holdings in Onsemi were worth $698,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Onsemi during the fourth quarter valued at $378,312,000. Allspring Global Investments Holdings LLC grew its position in Onsemi by 35.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company's stock valued at $247,226,000 after acquiring an additional 1,037,624 shares during the period. Vanguard Group Inc. increased its position in Onsemi by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company's stock worth $3,224,081,000 after purchasing an additional 344,354 shares in the last quarter. Andra AP fonden increased its position in shares of Onsemi by 2,388.4% in the fourth quarter. Andra AP fonden now owns 343,400 shares of the semiconductor company's stock worth $21,651,000 after acquiring an additional 329,600 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in shares of Onsemi by 788.0% during the fourth quarter. APG Asset Management N.V. now owns 254,822 shares of the semiconductor company's stock worth $15,516,000 after purchasing an additional 226,125 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.
Onsemi Price Performance
Onsemi stock traded up $0.39 during mid-day trading on Friday, hitting $34.64. The company's stock had a trading volume of 5,825,160 shares, compared to its average volume of 7,505,707. The stock has a market capitalization of $14.62 billion, a P/E ratio of 9.54, a P/E/G ratio of 16.74 and a beta of 1.48. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The stock's fifty day moving average price is $43.54 and its two-hundred day moving average price is $57.48. Onsemi has a twelve month low of $31.04 and a twelve month high of $80.08.
Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. Research analysts forecast that Onsemi will post 2.6 earnings per share for the current year.
Wall Street Analyst Weigh In
ON has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $57.00 target price on shares of Onsemi in a research report on Monday, March 3rd. Mizuho reduced their price objective on Onsemi from $71.00 to $62.00 and set an "outperform" rating on the stock in a research note on Monday, March 24th. Craig Hallum lowered their target price on shares of Onsemi from $78.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus reduced their price target on shares of Onsemi from $52.00 to $42.00 and set a "hold" rating on the stock in a research report on Thursday. Finally, Truist Financial lowered their price objective on Onsemi from $60.00 to $52.00 and set a "hold" rating for the company in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Onsemi has an average rating of "Hold" and a consensus target price of $63.52.
Get Our Latest Stock Analysis on Onsemi
Onsemi Company Profile
(
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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