ING Groep NV Has $4.52 Million Stock Holdings in Onsemi (NASDAQ:ON)

ING Groep NV lowered its position in shares of Onsemi (NASDAQ:ON) by 71.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,194 shares of the semiconductor company’s stock after selling 154,715 shares during the quarter. ING Groep NV’s holdings in Onsemi were worth $4,516,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ON. Bleakley Financial Group LLC increased its holdings in shares of Onsemi by 3.8% in the first quarter. Bleakley Financial Group LLC now owns 7,688 shares of the semiconductor company’s stock worth $565,000 after acquiring an additional 282 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Onsemi by 6.9% during the 1st quarter. First Eagle Investment Management LLC now owns 7,720 shares of the semiconductor company’s stock worth $568,000 after purchasing an additional 500 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in Onsemi by 24.3% in the first quarter. Orion Portfolio Solutions LLC now owns 53,002 shares of the semiconductor company’s stock valued at $3,898,000 after buying an additional 10,357 shares in the last quarter. Twin Tree Management LP lifted its stake in Onsemi by 106.4% in the first quarter. Twin Tree Management LP now owns 1,908 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 31,708 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Onsemi by 24.5% in the first quarter. Covestor Ltd now owns 965 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 190 shares during the period. Institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ON shares. Loop Capital began coverage on shares of Onsemi in a research report on Monday, November 11th. They issued a “buy” rating and a $95.00 price objective on the stock. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Mizuho set a $85.00 price objective on Onsemi in a report on Friday, October 18th. Roth Mkm boosted their target price on Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, BNP Paribas decreased their price target on shares of Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Onsemi has an average rating of “Moderate Buy” and a consensus price target of $86.30.

Onsemi Price Performance

Shares of ON opened at $64.76 on Friday. The firm has a market capitalization of $27.57 billion, a PE ratio of 16.07, a PEG ratio of 7.34 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The company’s 50-day moving average is $70.43 and its 200-day moving average is $71.86. Onsemi has a fifty-two week low of $59.34 and a fifty-two week high of $86.77.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business posted $1.39 earnings per share. The business’s revenue for the quarter was down 19.2% compared to the same quarter last year. Equities analysts forecast that Onsemi will post 4 EPS for the current year.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total transaction of $109,065.00. Following the sale, the chief executive officer now owns 839,210 shares of the company’s stock, valued at $61,018,959.10. This 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. Insiders own 0.31% of the company’s stock.

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.