Capital Analysts LLC Decreases Stock Position in Onsemi (NASDAQ:ON)

Capital Analysts LLC reduced its stake in Onsemi (NASDAQ:ON) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,192 shares of the semiconductor company’s stock after selling 307 shares during the period. Capital Analysts LLC’s holdings in Onsemi were worth $183,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Dana Investment Advisors Inc. boosted its stake in Onsemi by 0.9% during the second quarter. Dana Investment Advisors Inc. now owns 14,460 shares of the semiconductor company’s stock valued at $1,368,000 after buying an additional 129 shares during the period. Arkadios Wealth Advisors boosted its stake in Onsemi by 3.3% during the third quarter. Arkadios Wealth Advisors now owns 4,163 shares of the semiconductor company’s stock valued at $387,000 after buying an additional 132 shares during the period. Ballentine Partners LLC boosted its stake in Onsemi by 1.7% during the third quarter. Ballentine Partners LLC now owns 7,867 shares of the semiconductor company’s stock valued at $731,000 after buying an additional 134 shares during the period. Raymond James Trust N.A. boosted its stake in Onsemi by 3.2% during the second quarter. Raymond James Trust N.A. now owns 4,723 shares of the semiconductor company’s stock valued at $447,000 after buying an additional 145 shares during the period. Finally, Private Trust Co. NA boosted its stake in Onsemi by 13.2% during the third quarter. Private Trust Co. NA now owns 1,282 shares of the semiconductor company’s stock valued at $119,000 after buying an additional 149 shares during the period. 97.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

ON has been the subject of several research analyst reports. Stifel Nicolaus dropped their price target on Onsemi from $82.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday. Truist Financial decreased their price objective on Onsemi from $94.00 to $89.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. TD Cowen boosted their price target on Onsemi from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Susquehanna restated a “positive” rating and set a $90.00 price target on shares of Onsemi in a report on Monday, April 8th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.12.

Onsemi Stock Performance

Shares of ON opened at $62.93 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average price is $75.07 and its 200-day moving average price is $76.66. Onsemi has a 52 week low of $61.47 and a 52 week high of $111.35. The stock has a market cap of $27.05 billion, a P/E ratio of 12.87, a P/E/G ratio of 6.27 and a beta of 1.80.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the firm posted $1.32 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities research analysts anticipate that Onsemi will post 4.32 earnings per share for the current fiscal year.

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.