Nordea Investment Management AB Has $25.72 Million Stock Holdings in Onsemi (NASDAQ:ON)

Nordea Investment Management AB boosted its stake in Onsemi (NASDAQ:ON) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 402,124 shares of the semiconductor company’s stock after purchasing an additional 82,614 shares during the period. Nordea Investment Management AB owned about 0.09% of Onsemi worth $25,724,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ON. Capital Performance Advisors LLP acquired a new stake in Onsemi during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of Onsemi during the third quarter valued at $33,000. GHP Investment Advisors Inc. lifted its holdings in shares of Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of Onsemi in the third quarter worth $43,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Onsemi by 42.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 898 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Performance

Shares of ON opened at $62.73 on Wednesday. The firm has a market capitalization of $26.71 billion, a P/E ratio of 15.57, a P/E/G ratio of 7.07 and a beta of 1.64. Onsemi has a 52 week low of $59.34 and a 52 week high of $85.16. The stock has a 50 day moving average price of $67.75 and a two-hundred day moving average price of $70.52. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07.

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

Analyst Ratings Changes

A number of research firms have commented on ON. BNP Paribas reduced their price target on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Benchmark reissued a “buy” rating and set a $90.00 target price on shares of Onsemi in a research report on Tuesday, October 29th. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Morgan Stanley increased their price objective on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Roth Mkm restated a “buy” rating and issued a $100.00 target price on shares of Onsemi in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $85.87.

Insider Buying and Selling

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is owned by corporate insiders.

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.