Onsemi (NASDAQ:ON) Shares Sold by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. lessened its holdings in Onsemi (NASDAQ:ON) by 15.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,727 shares of the semiconductor company’s stock after selling 6,569 shares during the period. Global X Japan Co. Ltd.’s holdings in Onsemi were worth $2,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Greenleaf Trust lifted its stake in Onsemi by 3.4% in the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock valued at $382,000 after buying an additional 173 shares during the last quarter. Meridian Financial Partners LLC increased its holdings in shares of Onsemi by 1.7% in the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock valued at $821,000 after buying an additional 192 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Onsemi by 4.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company’s stock valued at $350,000 after purchasing an additional 206 shares during the last quarter. Sentry Investment Management LLC lifted its stake in Onsemi by 3.0% during the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock valued at $521,000 after buying an additional 209 shares in the last quarter. Finally, CX Institutional boosted its stake in Onsemi by 5.2% in the 3rd quarter. CX Institutional now owns 4,681 shares of the semiconductor company’s stock worth $340,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ON shares. Mizuho set a $85.00 price objective on shares of Onsemi in a research report on Friday, October 18th. Truist Financial restated a “hold” rating and issued a $60.00 target price (down from $85.00) on shares of Onsemi in a report on Friday, January 10th. Robert W. Baird raised their price target on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. B. Riley dropped their target price on shares of Onsemi from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $100.00 price target on shares of Onsemi in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Onsemi presently has an average rating of “Moderate Buy” and an average price target of $80.50.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.00, for a total value 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. The trade was a 0.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Onsemi Stock Performance

Shares of ON opened at $52.44 on Friday. The stock’s 50-day simple moving average is $60.99 and its 200 day simple moving average is $67.73. Onsemi has a 52-week low of $49.80 and a 52-week high of $85.16. The stock has a market capitalization of $22.33 billion, a price-to-earnings ratio of 13.01, 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 quick ratio of 2.02 and a current ratio of 3.07.

About Onsemi

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.