Mirae Asset Global Investments Co. Ltd. Lowers Stock Holdings in Onsemi (NASDAQ:ON)

Mirae Asset Global Investments Co. Ltd. trimmed its stake in Onsemi (NASDAQ:ON) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 696,081 shares of the semiconductor company’s stock after selling 10,900 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.16% of Onsemi worth $45,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new stake in shares of Onsemi in the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Onsemi in the 3rd quarter worth approximately $33,000. GHP Investment Advisors Inc. lifted its position in shares of Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Onsemi in the 3rd quarter worth approximately $43,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Onsemi in the 4th quarter worth approximately $51,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ON. KeyCorp lowered their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. UBS Group reduced their price objective on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. BNP Paribas reduced their price objective on shares of Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $100.00 price objective on shares of Onsemi in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

Onsemi Stock Up 0.6 %

ON stock opened at $50.58 on Wednesday. The firm’s fifty day simple moving average is $61.72 and its 200-day simple moving average is $67.95. Onsemi has a 12 month low of $49.80 and a 12 month high of $85.16. The company has a market capitalization of $21.54 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 10.02 and a beta of 1.62. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.31% of the stock is currently owned by insiders.

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.