Public Employees Retirement Association of Colorado Acquires 55,793 Shares of Onsemi (NASDAQ:ON)

Public Employees Retirement Association of Colorado grew its holdings in Onsemi (NASDAQ:ONFree Report) by 655.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,309 shares of the semiconductor company’s stock after acquiring an additional 55,793 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Onsemi were worth $5,372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ON. 1832 Asset Management L.P. purchased a new stake in Onsemi during the 4th quarter valued at approximately $35,083,000. Tower Research Capital LLC TRC grew its holdings in Onsemi by 189.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 103,587 shares of the semiconductor company’s stock valued at $8,653,000 after buying an additional 67,853 shares in the last quarter. Capital World Investors bought a new stake in Onsemi in the 4th quarter worth approximately $697,276,000. Capital International Sarl raised its holdings in shares of Onsemi by 50.7% during the 4th quarter. Capital International Sarl now owns 129,157 shares of the semiconductor company’s stock worth $10,788,000 after acquiring an additional 43,471 shares in the last quarter. Finally, Capital International Ltd. CA boosted its position in shares of Onsemi by 33.9% during the 4th quarter. Capital International Ltd. CA now owns 114,566 shares of the semiconductor company’s stock valued at $9,570,000 after acquiring an additional 28,993 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Activity at Onsemi

In other Onsemi news, Director Paul Anthony Mascarenas sold 911 shares of Onsemi stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total value of $67,833.06. Following the sale, the director now owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.

Onsemi Stock Performance

Shares of ON stock opened at $72.31 on Friday. Onsemi has a 12 month low of $59.34 and a 12 month high of $111.35. The company has a current ratio of 2.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The company has a market cap of $31.11 billion, a P/E ratio of 14.76, a PEG ratio of 3.30 and a beta of 1.71. The firm has a fifty day moving average price of $70.10 and a 200 day moving average price of $74.53.

Onsemi (NASDAQ:ONGet Free Report) last released its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter last year, the company earned $1.19 earnings per share. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. Sell-side analysts predict that Onsemi will post 3.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ON shares. Benchmark lowered their target price on shares of Onsemi from $88.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Wells Fargo & Company dropped their price objective on Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 23rd. Mizuho decreased their target price on Onsemi from $92.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Finally, Stifel Nicolaus decreased their price objective on Onsemi from $82.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Onsemi currently has a consensus rating of “Moderate Buy” and an average price target of $90.28.

Check Out Our Latest Report on ON

Onsemi Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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