Onsemi (NASDAQ:ON) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in Onsemi (NASDAQ:ON) by 1.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 60,414 shares of the semiconductor company’s stock after selling 900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Onsemi were worth $3,809,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Onsemi in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Onsemi during the 3rd quarter worth approximately $33,000. GHP Investment Advisors Inc. lifted its position in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after buying an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Onsemi in the 4th quarter valued at $41,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Onsemi in the 3rd quarter valued at $43,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Onsemi Stock Performance

Shares of ON stock opened at $51.22 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. Onsemi has a 12-month low of $46.57 and a 12-month high of $85.16. The company has a market cap of $21.59 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 16.74 and a beta of 1.62. The stock has a 50 day simple moving average of $56.80 and a 200-day simple moving average of $65.84.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. On average, equities analysts forecast that Onsemi will post 2.6 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ON shares. Citigroup reduced their price target on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. UBS Group decreased their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Morgan Stanley cut their price target on Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Rosenblatt Securities reissued a “neutral” rating and issued a $75.00 price objective on shares of Onsemi in a report on Friday, February 7th. Finally, Wells Fargo & Company lowered their target price on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.16.

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.