Capital International Inc. CA Sells 2,655 Shares of Onsemi (NASDAQ:ON)

Capital International Inc. CA decreased its stake in shares of Onsemi (NASDAQ:ON) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,124 shares of the semiconductor company’s stock after selling 2,655 shares during the period. Capital International Inc. CA’s holdings in Onsemi were worth $4,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new position in shares of Onsemi during the 4th quarter worth approximately $41,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Onsemi in the 4th quarter valued at $43,000. Synergy Asset Management LLC bought a new stake in Onsemi during the 4th quarter worth about $51,000. Plato Investment Management Ltd acquired a new position in shares of Onsemi during the 4th quarter worth about $51,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Onsemi by 434.6% in the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 691 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ON has been the topic of several analyst reports. KeyCorp dropped their target price on Onsemi from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group dropped their price objective on Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Benchmark decreased their target price on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley lowered their target price on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. Finally, Citigroup cut their price target on shares of Onsemi from $52.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Onsemi presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.52.

Onsemi Trading Up 1.1 %

ON stock opened at $34.64 on Monday. Onsemi has a 52 week low of $31.04 and a 52 week high of $80.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The company’s 50-day simple moving average is $43.28 and its 200 day simple moving average is $57.03. The company has a market capitalization of $14.62 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48.

Onsemi (NASDAQ:ON) last issued its earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. As a group, sell-side analysts anticipate that Onsemi will post 2.6 earnings per share for the current year.

Onsemi Company 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.