E. Ohman J or Asset Management AB Has $1.19 Million Stake in Onsemi (NASDAQ:ON)

E. Ohman J or Asset Management AB lifted its position in shares of Onsemi (NASDAQ:ON) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,900 shares of the semiconductor company’s stock after purchasing an additional 2,400 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Onsemi were worth $1,192,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Creative Planning raised its position in Onsemi by 11.2% in the 2nd quarter. Creative Planning now owns 21,991 shares of the semiconductor company’s stock valued at $1,507,000 after buying an additional 2,215 shares during the last quarter. Czech National Bank raised its position in Onsemi by 6.4% in the 3rd quarter. Czech National Bank now owns 87,260 shares of the semiconductor company’s stock valued at $6,336,000 after buying an additional 5,276 shares during the last quarter. Fulton Bank N.A. purchased a new stake in Onsemi in the 3rd quarter valued at $209,000. Mather Group LLC. raised its position in Onsemi by 23.3% in the 3rd quarter. Mather Group LLC. now owns 4,155 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 784 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in Onsemi by 4.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company’s stock valued at $350,000 after buying an additional 206 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on ON shares. Needham & Company LLC restated a “buy” rating and issued a $87.00 price objective on shares of Onsemi in a research note on Tuesday, November 19th. KeyCorp reduced their price objective on Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird upped their price objective on Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Susquehanna reduced their price objective on Onsemi from $80.00 to $70.00 and set a “positive” rating for the company in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their price target on Onsemi from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Onsemi Stock Performance

NASDAQ:ON opened at $51.72 on Thursday. The business’s 50-day moving average price is $61.35 and its two-hundred day moving average price is $67.83. Onsemi has a twelve month low of $49.80 and a twelve month high of $85.16. The stock has a market cap of $22.02 billion, a P/E ratio of 12.83, a PEG ratio of 10.02 and a beta of 1.62. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following the transaction, the chief executive officer now directly owns 837,710 shares of the company’s stock, valued at approximately $59,477,410. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.