Onsemi (NASDAQ:ON) Shares Bought by Bokf Na

Bokf Na boosted its holdings in shares of Onsemi (NASDAQ:ON) by 2,168.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,644 shares of the semiconductor company’s stock after acquiring an additional 8,263 shares during the quarter. Bokf Na’s holdings in Onsemi were worth $593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Qsemble Capital Management LP acquired a new position in Onsemi in the 2nd quarter valued at about $772,000. American Century Companies Inc. grew its position in Onsemi by 451.3% in the 2nd quarter. American Century Companies Inc. now owns 1,111,112 shares of the semiconductor company’s stock valued at $76,167,000 after acquiring an additional 909,558 shares in the last quarter. AGF Management Ltd. grew its position in Onsemi by 14.8% in the 2nd quarter. AGF Management Ltd. now owns 40,538 shares of the semiconductor company’s stock valued at $2,779,000 after acquiring an additional 5,227 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Onsemi by 7.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 157,336 shares of the semiconductor company’s stock valued at $10,785,000 after acquiring an additional 10,949 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its position in shares of Onsemi by 49.0% during the second quarter. Global X Japan Co. Ltd. now owns 50,060 shares of the semiconductor company’s stock worth $3,432,000 after buying an additional 16,459 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Trading Up 3.4 %

NASDAQ:ON opened at $71.72 on Monday. The firm has a market cap of $30.86 billion, a P/E ratio of 14.64, a PEG ratio of 3.79 and a beta of 1.66. The company has a current ratio of 3.01, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $73.27 and its 200-day simple moving average is $72.41. Onsemi has a 12-month low of $59.34 and a 12-month high of $98.07.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Onsemi had a return on equity of 25.48% and a net margin of 24.84%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. Onsemi’s quarterly revenue was down 17.2% on a year-over-year basis. Equities analysts anticipate that Onsemi will post 4.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ON shares. TD Cowen boosted their price objective on Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Benchmark boosted their price objective on Onsemi from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Citigroup downgraded Onsemi from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $85.00 to $77.00 in a research report on Monday, July 15th. KeyCorp decreased their target price on Onsemi from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Rosenblatt Securities boosted their target price on Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.61.

Insider Buying and Selling

In related news, insider Simon Keeton sold 30,939 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total transaction of $2,411,385.66. Following the transaction, the insider now owns 231,092 shares of the company’s stock, valued at $18,011,310.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently 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.