Capital International Investors Purchases 31,365 Shares of Onsemi (NASDAQ:ON)

Capital International Investors increased its position in shares of Onsemi (NASDAQ:ON) by 0.7% during the fourth quarter, HoldingsChannel reports. The fund owned 4,214,441 shares of the semiconductor company’s stock after buying an additional 31,365 shares during the quarter. Capital International Investors’ holdings in Onsemi were worth $265,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC raised its position in Onsemi by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock worth $357,000 after purchasing an additional 207 shares during the last quarter. Assetmark Inc. increased its stake in shares of Onsemi by 0.3% in the fourth quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company’s stock valued at $4,949,000 after buying an additional 235 shares during the period. V Square Quantitative Management LLC raised its position in shares of Onsemi by 3.9% during the fourth quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company’s stock worth $424,000 after acquiring an additional 252 shares during the last quarter. Huntington National Bank raised its position in shares of Onsemi by 8.9% during the fourth quarter. Huntington National Bank now owns 3,310 shares of the semiconductor company’s stock worth $209,000 after acquiring an additional 271 shares during the last quarter. Finally, Clear Creek Financial Management LLC lifted its stake in shares of Onsemi by 6.9% in the fourth quarter. Clear Creek Financial Management LLC now owns 4,366 shares of the semiconductor company’s stock worth $275,000 after acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Craig Hallum lowered their price target 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. Benchmark lowered their target price on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Susquehanna cut their price target on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a research report on Tuesday, February 11th. Roth Mkm lowered their price objective on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group dropped their price objective on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $63.52.

Onsemi Price Performance

ON opened at $34.64 on Friday. Onsemi has a fifty-two week low of $31.04 and a fifty-two week high of $80.08. The firm has a 50-day moving average of $43.28 and a 200 day moving average of $57.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The firm has a market cap of $14.62 billion, a P/E ratio of 9.54, a PEG ratio of 16.74 and a beta of 1.48.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data 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%. On average, research analysts expect that Onsemi will post 2.6 EPS for the current year.

Onsemi 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.