Onsemi (NASDAQ:ON) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. decreased its stake in shares of Onsemi (NASDAQ:ON) by 94.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 690 shares of the semiconductor company’s stock after selling 12,283 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Onsemi were worth $58,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Louisiana State Employees Retirement System acquired a new position in Onsemi during the 4th quarter valued at about $5,029,000. Crestwood Advisors Group LLC acquired a new position in Onsemi during the 4th quarter valued at about $640,000. Perigon Wealth Management LLC boosted its position in shares of Onsemi by 7.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,463 shares of the semiconductor company’s stock valued at $206,000 after purchasing an additional 177 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Onsemi by 11.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 3,253 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 326 shares in the last quarter. Finally, Iridian Asset Management LLC CT boosted its position in shares of Onsemi by 29.1% during the 4th quarter. Iridian Asset Management LLC CT now owns 48,106 shares of the semiconductor company’s stock valued at $4,018,000 after purchasing an additional 10,854 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. The Goldman Sachs Group reduced their price objective on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $92.00 price objective on shares of Onsemi in a research report on Tuesday, February 6th. Stifel Nicolaus restated a “hold” rating and set a $82.00 price objective on shares of Onsemi in a research report on Thursday, March 14th. Finally, Mizuho reduced their price objective on shares of Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Onsemi currently has an average rating of “Moderate Buy” and a consensus target price of $98.52.

Onsemi Trading Down 1.4 %

NASDAQ:ON opened at $64.72 on Wednesday. Onsemi has a 12 month low of $61.47 and a 12 month high of $111.35. The firm has a market cap of $27.82 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 6.36 and a beta of 1.80. The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $75.68 and its 200-day moving average is $76.84.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the firm posted $1.32 earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities analysts anticipate that Onsemi will post 4.34 EPS for the current year.

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.