Onsemi (NASDAQ:ON) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. reduced its stake in shares of Onsemi (NASDAQ:ON) by 95.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,644 shares of the semiconductor company’s stock after selling 671,565 shares during the quarter. Nomura Holdings Inc.’s holdings in Onsemi were worth $2,393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ON. Provence Wealth Management Group acquired a new position in Onsemi in the third quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Onsemi during the fourth quarter worth about $32,000. MeadowBrook Investment Advisors LLC acquired a new position in Onsemi in the 4th quarter valued at about $33,000. Private Wealth Management Group LLC purchased a new stake in Onsemi during the 4th quarter valued at approximately $33,000. Finally, Hanseatic Management Services Inc. acquired a new stake in Onsemi during the 3rd quarter worth approximately $38,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Onsemi Stock Performance

NASDAQ ON opened at $70.73 on Wednesday. The firm has a market capitalization of $30.43 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 3.22 and a beta of 1.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. Onsemi has a one year low of $59.34 and a one year high of $111.35. The company’s 50 day moving average price is $70.46 and its 200 day moving average price is $74.76.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm earned $1.19 EPS. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, sell-side analysts predict that Onsemi will post 3.83 EPS for the current year.

Wall Street Analysts Forecast Growth

ON has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 23rd. Truist Financial dropped their target price on Onsemi from $89.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Rosenblatt Securities cut their target price on Onsemi from $75.00 to $70.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and issued a $92.00 price target on shares of Onsemi in a research note on Thursday, June 13th. Finally, The Goldman Sachs Group cut their price objective on Onsemi from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and an average price target of $90.28.

Insiders Place Their Bets

In related news, CFO Trent Thad sold 38,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $72.55, for a total value of $2,756,900.00. Following the transaction, the chief financial officer now owns 331,829 shares in the company, valued at $24,074,193.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Trent Thad sold 38,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $72.55, for a total value of $2,756,900.00. Following the sale, the chief financial officer now directly owns 331,829 shares of the company’s stock, valued at $24,074,193.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Anthony Mascarenas sold 911 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total transaction of $67,833.06. Following the transaction, the director now directly owns 48,929 shares of the company’s stock, valued at $3,643,253.34. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

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.