Van ECK Associates Corp Sells 64,428 Shares of Onsemi (NASDAQ:ON)

Van ECK Associates Corp lessened its holdings in Onsemi (NASDAQ:ON) by 1.8% during the fourth quarter, HoldingsChannel reports. The fund owned 3,430,628 shares of the semiconductor company’s stock after selling 64,428 shares during the quarter. Van ECK Associates Corp’s holdings in Onsemi were worth $216,301,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in Onsemi during the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in Onsemi during the third quarter valued at approximately $33,000. GHP Investment Advisors Inc. boosted its holdings in Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 514 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Onsemi in the 4th quarter worth $41,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Onsemi in the third quarter worth $43,000. Institutional investors own 97.70% of the company’s stock.

Insider Activity at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

Onsemi Stock Up 4.4 %

Onsemi stock opened at $50.06 on Thursday. Onsemi has a fifty-two week low of $46.57 and a fifty-two week high of $85.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The company has a market cap of $21.32 billion, a PE ratio of 12.42, a PEG ratio of 10.27 and a beta of 1.61. The business’s 50-day simple moving average is $59.30 and its two-hundred day simple moving average is $67.06.

Onsemi (NASDAQ:ON) last issued 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 return on equity of 22.38% and a net margin of 23.80%. Equities analysts anticipate that Onsemi will post 3.99 EPS for the current year.

Analyst Upgrades and Downgrades

ON has been the topic of a number of recent research reports. Needham & Company LLC reduced their target price on shares of Onsemi from $66.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday. The Goldman Sachs Group dropped their price target on Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial decreased their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday. TD Cowen reduced their price objective on Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, BNP Paribas lowered their target price on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Onsemi has a consensus rating of “Moderate Buy” and an average target price of $68.16.

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.