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

National Pension Service increased its position in shares of Onsemi (NASDAQ:ON) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,324,018 shares of the semiconductor company’s stock after buying an additional 46,053 shares during the period. National Pension Service’s holdings in Onsemi were worth $110,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Provence Wealth Management Group acquired a new position in shares of Onsemi during the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Onsemi in the fourth quarter valued at $32,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Onsemi during the 4th quarter worth about $33,000. Hanseatic Management Services Inc. acquired a new position in Onsemi in the 3rd quarter valued at about $38,000. Finally, Headinvest LLC bought a new position in Onsemi in the 3rd quarter valued at about $44,000. 97.70% of the stock is owned by institutional investors.

Onsemi Price Performance

NASDAQ:ON traded down $0.12 on Wednesday, hitting $70.67. The company had a trading volume of 4,059,301 shares, compared to its average volume of 7,487,099. The firm has a 50 day moving average of $71.95 and a two-hundred day moving average of $74.30. The stock has a market capitalization of $30.40 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 3.18 and a beta of 1.78. Onsemi has a 52 week low of $59.34 and a 52 week 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.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The company 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%. Onsemi’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 EPS. On average, research analysts anticipate that Onsemi will post 3.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ON. Deutsche Bank Aktiengesellschaft decreased their target price on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Wells Fargo & Company decreased their price target on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 23rd. Rosenblatt Securities dropped their price objective on shares of Onsemi from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. BNP Paribas reissued an “underperform” rating and issued a $55.00 price objective on shares of Onsemi in a report on Friday, April 19th. Finally, Roth Mkm lifted their price target on shares of Onsemi from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Onsemi presently has a consensus rating of “Moderate Buy” and an average price target of $90.24.

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.