Daiwa Securities Group Inc. Has $11.08 Million Holdings in Onsemi (NASDAQ:ON)

Daiwa Securities Group Inc. decreased its position in Onsemi (NASDAQ:ON) by 3.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 152,596 shares of the semiconductor company’s stock after selling 4,740 shares during the period. Daiwa Securities Group Inc.’s holdings in Onsemi were worth $11,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ON. Lazard Asset Management LLC grew its stake in Onsemi by 4.6% during the 1st quarter. Lazard Asset Management LLC now owns 54,993 shares of the semiconductor company’s stock valued at $4,043,000 after acquiring an additional 2,401 shares in the last quarter. Caxton Associates LP acquired a new position in Onsemi in the 1st quarter valued at approximately $1,330,000. Bayesian Capital Management LP purchased a new stake in Onsemi in the 1st quarter worth approximately $500,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Onsemi by 9.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,664 shares of the semiconductor company’s stock valued at $417,000 after buying an additional 512 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of Onsemi by 19.5% during the 1st quarter. Tidal Investments LLC now owns 41,640 shares of the semiconductor company’s stock valued at $3,066,000 after acquiring an additional 6,792 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 value of $109,065.00. Following the completion of the transaction, the chief executive officer now directly owns 839,210 shares of the company’s stock, valued at approximately $61,018,959.10. This represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.

Onsemi Trading Up 1.7 %

Shares of Onsemi stock opened at $69.62 on Monday. Onsemi has a 1 year low of $59.34 and a 1 year high of $86.77. The company’s fifty day simple moving average is $70.21 and its 200-day simple moving average is $71.80. The company has a market cap of $29.64 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 7.47 and a beta of 1.65. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30.

Onsemi (NASDAQ:ON) last posted 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 company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The business’s revenue was down 19.2% compared to the same quarter last year. As a group, sell-side analysts expect that Onsemi will post 4 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on ON shares. Bank of America lifted their price objective on Onsemi from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company started coverage on Onsemi in a report on Friday. They set an “overweight” rating and a $85.00 price target for the company. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Mizuho set a $85.00 target price on shares of Onsemi in a research report on Friday, October 18th. Finally, Truist Financial cut their price target on shares of Onsemi from $97.00 to $89.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Onsemi has an average rating of “Moderate Buy” and an average target price of $85.87.

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.