Sumitomo Mitsui Trust Group Inc. Purchases 36,793 Shares of Onsemi (NASDAQ:ON)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Onsemi (NASDAQ:ON) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,098,616 shares of the semiconductor company’s stock after acquiring an additional 36,793 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of Onsemi worth $69,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC boosted its position in Onsemi by 4.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company’s stock valued at $350,000 after purchasing an additional 206 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Onsemi by 35.4% during the third quarter. Wedmont Private Capital now owns 3,734 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 977 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Onsemi by 268.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,163 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 2,304 shares in the last quarter. Inspire Investing LLC grew its position in shares of Onsemi by 17.3% in the 3rd quarter. Inspire Investing LLC now owns 55,327 shares of the semiconductor company’s stock worth $4,017,000 after buying an additional 8,147 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Onsemi by 675.6% during the third quarter. Exchange Traded Concepts LLC now owns 3,754 shares of the semiconductor company’s stock valued at $273,000 after acquiring an additional 3,270 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Activity at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the completion of the transaction, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by company insiders.

Onsemi Stock Down 2.3 %

ON stock opened at $51.25 on Monday. The firm’s fifty day moving average is $60.60 and its 200 day moving average is $67.49. The firm has a market cap of $21.82 billion, a PE ratio of 12.72, a P/E/G ratio of 10.27 and a beta of 1.61. Onsemi has a one year low of $49.80 and a one year high of $85.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ON shares. Needham & Company LLC reaffirmed a “buy” rating and set a $87.00 price target on shares of Onsemi in a research report on Tuesday, November 19th. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Truist Financial restated a “hold” rating and set a $60.00 price target (down previously from $85.00) on shares of Onsemi in a research note on Friday, January 10th. KeyCorp decreased their price objective on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Finally, BNP Paribas dropped their target price on shares of Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Onsemi presently has a consensus rating of “Moderate Buy” and an average price target of $80.50.

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.