Regal Investment Advisors LLC Sells 19,602 Shares of Onsemi (NASDAQ:ON)

Regal Investment Advisors LLC lowered its holdings in Onsemi (NASDAQ:ON) by 37.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 32,349 shares of the semiconductor company’s stock after selling 19,602 shares during the quarter. Regal Investment Advisors LLC’s holdings in Onsemi were worth $2,040,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ON. Newbridge Financial Services Group Inc. purchased a new position in Onsemi in the 4th quarter worth approximately $41,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Onsemi during the fourth quarter valued at about $43,000. Synergy Asset Management LLC bought a new stake in Onsemi during the fourth quarter worth about $51,000. Plato Investment Management Ltd bought a new position in shares of Onsemi during the 4th quarter valued at about $51,000. Finally, Rakuten Securities Inc. raised its holdings in shares of Onsemi by 434.6% during the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 691 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Stock Up 0.6 %

Onsemi stock opened at $35.85 on Wednesday. The stock has a market cap of $15.13 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The stock has a fifty day moving average of $44.13 and a 200 day moving average of $57.90. Onsemi has a one year low of $31.04 and a one year high of $80.08.

Onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. As a group, sell-side analysts predict that Onsemi will post 2.6 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on ON. Wells Fargo & Company decreased their price target on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Craig Hallum reduced their price objective on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Citigroup dropped their target price on Onsemi from $52.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Morgan Stanley lowered their price objective on Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group cut their target price on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.46.

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.