Gulf International Bank UK Ltd Sells 1,553 Shares of Onsemi (NASDAQ:ON)

Gulf International Bank UK Ltd trimmed its position in shares of Onsemi (NASDAQ:ON) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,110 shares of the semiconductor company’s stock after selling 1,553 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Onsemi were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ON. Catalyst Capital Advisors LLC raised its holdings in shares of Onsemi by 235.0% in the third quarter. Catalyst Capital Advisors LLC now owns 1,387 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 973 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Onsemi by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 186,997 shares of the semiconductor company’s stock worth $13,578,000 after acquiring an additional 1,007 shares during the last quarter. National Pension Service lifted its position in shares of Onsemi by 0.7% during the third quarter. National Pension Service now owns 1,467,795 shares of the semiconductor company’s stock worth $106,577,000 after purchasing an additional 10,201 shares in the last quarter. Ground Swell Capital LLC bought a new stake in shares of Onsemi during the third quarter valued at approximately $201,000. Finally, Van ECK Associates Corp increased its holdings in shares of Onsemi by 26.4% in the third quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock valued at $237,559,000 after purchasing an additional 729,081 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Insiders Place Their Bets

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total value of $109,065.00. Following the sale, the chief executive officer now directly owns 839,210 shares in the company, valued at approximately $61,018,959.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

ON has been the topic of a number of recent research reports. KeyCorp decreased their price objective on Onsemi from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Citigroup cut Onsemi from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $85.00 to $77.00 in a report on Monday, July 15th. Morgan Stanley lifted their price target on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. BNP Paribas cut their price objective on shares of Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Finally, Roth Mkm lifted their target price on shares of Onsemi from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.91.

Onsemi Trading Up 2.9 %

Shares of NASDAQ:ON opened at $72.27 on Thursday. The firm has a market cap of $30.77 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 7.45 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 $71.00 and its 200 day simple moving average is $71.74. 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 issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The company’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. As a group, research analysts forecast that Onsemi will post 4 EPS for the current fiscal year.

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.