Onsemi (NASDAQ:ON) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its stake in Onsemi (NASDAQ:ONFree Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,378 shares of the semiconductor company’s stock after buying an additional 1,238 shares during the period. Royal London Asset Management Ltd.’s holdings in Onsemi were worth $13,062,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ON. TT International Asset Management LTD boosted its position in shares of Onsemi by 38.3% in the fourth quarter. TT International Asset Management LTD now owns 17,781 shares of the semiconductor company’s stock worth $1,485,000 after buying an additional 4,927 shares during the period. EP Wealth Advisors LLC grew its stake in Onsemi by 41.7% during the 4th quarter. EP Wealth Advisors LLC now owns 5,625 shares of the semiconductor company’s stock valued at $470,000 after acquiring an additional 1,654 shares in the last quarter. Centaurus Financial Inc. increased its holdings in shares of Onsemi by 52.2% in the 4th quarter. Centaurus Financial Inc. now owns 16,505 shares of the semiconductor company’s stock valued at $1,379,000 after purchasing an additional 5,663 shares during the period. Integrated Advisors Network LLC lifted its position in shares of Onsemi by 1.7% in the fourth quarter. Integrated Advisors Network LLC now owns 9,715 shares of the semiconductor company’s stock worth $811,000 after purchasing an additional 164 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Onsemi by 35.9% during the fourth quarter. V Square Quantitative Management LLC now owns 2,612 shares of the semiconductor company’s stock worth $218,000 after purchasing an additional 690 shares during the period. 97.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

ON has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 23rd. TD Cowen decreased their price target on Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Mizuho cut their price objective on Onsemi from $92.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $92.00 target price on shares of Onsemi in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.28.

View Our Latest Stock Report on ON

Onsemi Trading Down 4.1 %

Shares of NASDAQ:ON traded down $3.07 during trading on Friday, hitting $71.97. 4,527,255 shares of the company’s stock were exchanged, compared to its average volume of 5,039,764. The company has a current ratio of 2.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The firm has a market cap of $30.96 billion, a P/E ratio of 14.69, a PEG ratio of 3.28 and a beta of 1.71. The firm has a 50-day moving average price of $70.42 and a two-hundred day moving average price of $74.77. Onsemi has a 1-year low of $59.34 and a 1-year high of $111.35.

Onsemi (NASDAQ:ONGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. Onsemi’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the company posted $1.19 EPS. Equities analysts predict that Onsemi will post 3.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Paul Anthony Mascarenas sold 911 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the completion of the transaction, the director now directly owns 48,929 shares in the company, valued at $3,643,253.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total value of $67,833.06. Following the completion of the transaction, the director now directly owns 48,929 shares in the company, valued at $3,643,253.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the sale, the chief financial officer now owns 331,829 shares in the company, valued at approximately $24,074,193.95. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

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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Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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