Daiwa Securities Group Inc. Has $11.08 Million Stake in Onsemi (NASDAQ:ON)

Daiwa Securities Group Inc. lessened its holdings in shares of Onsemi (NASDAQ:ON) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 152,596 shares of the semiconductor company’s stock after selling 4,740 shares during the period. Daiwa Securities Group Inc.’s holdings in Onsemi were worth $11,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in Onsemi during the 3rd quarter worth $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Onsemi during the third quarter worth $33,000. GHP Investment Advisors Inc. lifted its stake in shares of Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 514 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in Onsemi by 36.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 169 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Onsemi in the second quarter worth about $43,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total transaction of $109,065.00. Following the completion of the transaction, the chief executive officer now directly owns 839,210 shares in the company, valued at $61,018,959.10. This represents a 0.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.

Onsemi Trading Up 1.7 %

Shares of NASDAQ:ON opened at $69.62 on Monday. The firm has a market cap of $29.64 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 7.47 and a beta of 1.65. Onsemi has a 12 month low of $59.34 and a 12 month high of $86.77. The company’s fifty day simple moving average is $70.21 and its 200 day simple moving average is $71.80. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The company’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. As a group, research analysts forecast that Onsemi will post 4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ON shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. KeyCorp cut their price target on Onsemi from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Wells Fargo & Company started coverage on Onsemi in a research note on Friday. They set an “overweight” rating and a $85.00 price objective for the company. Finally, Mizuho set a $85.00 target price on Onsemi in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $85.87.

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.