Onsemi (NASDAQ:ON) Shares Sold by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. cut its stake in shares of Onsemi (NASDAQ:ON) by 74.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 550 shares of the semiconductor company’s stock after selling 1,610 shares during the period. Mizuho Securities Co. Ltd.’s holdings in Onsemi were worth $46,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ON. Provence Wealth Management Group acquired a new stake in shares of Onsemi during the third quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Onsemi in the fourth quarter valued at approximately $32,000. Hanseatic Management Services Inc. acquired a new position in shares of Onsemi in the third quarter valued at approximately $38,000. Headinvest LLC acquired a new position in shares of Onsemi in the third quarter valued at approximately $44,000. Finally, First Pacific Financial acquired a new position in shares of Onsemi in the third quarter valued at approximately $45,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on ON. KeyCorp lifted their price objective on shares of Onsemi from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. TD Cowen lifted their price objective on shares of Onsemi from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Morgan Stanley dropped their price objective on shares of Onsemi from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday. Needham & Company LLC restated a “buy” rating and issued a $92.00 price objective on shares of Onsemi in a report on Tuesday, February 6th. Finally, Mizuho lowered their price target on shares of Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Onsemi has an average rating of “Moderate Buy” and a consensus price target of $95.28.

Onsemi Stock Up 1.7 %

Shares of NASDAQ:ON traded up $1.03 during trading on Tuesday, hitting $61.68. 6,890,262 shares of the company were exchanged, compared to its average volume of 7,314,261. The firm’s 50 day moving average price is $73.93 and its 200-day moving average price is $75.84. Onsemi has a 12-month low of $59.34 and a 12-month high of $111.35. The stock has a market capitalization of $26.51 billion, a P/E ratio of 12.61, a PEG ratio of 5.92 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. Onsemi’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, research analysts predict that Onsemi will post 4.31 earnings per share for the current fiscal year.

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.