National Pension Service Has $110.60 Million Stock Holdings in Onsemi (NASDAQ:ON)

National Pension Service grew its stake in shares of Onsemi (NASDAQ:ON) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,324,018 shares of the semiconductor company’s stock after purchasing an additional 46,053 shares during the period. National Pension Service owned about 0.31% of Onsemi worth $110,595,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in shares of Onsemi by 7,749.6% in the fourth quarter. International Assets Investment Management LLC now owns 83,363 shares of the semiconductor company’s stock worth $6,963,000 after buying an additional 82,301 shares during the period. Harvest Fund Management Co. Ltd grew its stake in Onsemi by 7.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 9,610 shares of the semiconductor company’s stock valued at $798,000 after acquiring an additional 637 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Onsemi by 3.6% in the 4th quarter. State of Michigan Retirement System now owns 140,536 shares of the semiconductor company’s stock valued at $11,739,000 after purchasing an additional 4,900 shares during the period. Synergy Asset Management LLC lifted its position in shares of Onsemi by 91.5% in the fourth quarter. Synergy Asset Management LLC now owns 154,649 shares of the semiconductor company’s stock worth $12,918,000 after purchasing an additional 73,909 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of Onsemi during the fourth quarter worth approximately $1,137,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ON. Rosenblatt Securities cut their target price on shares of Onsemi from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Stifel Nicolaus dropped their target price on Onsemi from $82.00 to $72.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. reduced their price target on Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. KeyCorp dropped their price objective on Onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. Finally, BNP Paribas reiterated an “underperform” rating and issued a $55.00 target price on shares of Onsemi in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.24.

Onsemi Stock Performance

Shares of ON traded down $0.12 during trading hours on Wednesday, reaching $70.67. 4,059,301 shares of the company traded hands, compared to its average volume of 7,487,099. Onsemi has a 1-year low of $59.34 and a 1-year high of $111.35. The stock has a market cap of $30.40 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 3.18 and a beta of 1.78. The stock’s fifty day moving average is $71.95 and its 200 day moving average is $74.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 EPS. Equities research analysts anticipate that Onsemi will post 3.86 earnings per share for the current fiscal 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.