Onsemi (NASDAQ:ON) Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its stake in shares of Onsemi (NASDAQ:ON) by 22.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,066 shares of the semiconductor company’s stock after selling 1,733 shares during the period. Signaturefd LLC’s holdings in Onsemi were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Onsemi by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock worth $767,646,000 after purchasing an additional 309,445 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Onsemi by 35.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock worth $247,226,000 after purchasing an additional 1,037,624 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Onsemi by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,488,254 shares of the semiconductor company’s stock worth $156,884,000 after purchasing an additional 83,665 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Onsemi by 19.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,009,180 shares of the semiconductor company’s stock valued at $145,887,000 after acquiring an additional 326,734 shares in the last quarter. Finally, Robeco Schweiz AG grew its stake in Onsemi by 16.8% during the 4th quarter. Robeco Schweiz AG now owns 1,234,000 shares of the semiconductor company’s stock valued at $77,804,000 after acquiring an additional 177,740 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ON. The Goldman Sachs Group dropped their price objective on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price objective on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Jefferies Financial Group dropped their price objective on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, February 10th. UBS Group dropped their price objective on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Roth Mkm dropped their price objective on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Onsemi has an average rating of “Moderate Buy” and an average target price of $66.85.

Onsemi Price Performance

Onsemi stock opened at $43.20 on Friday. The firm has a market cap of $18.21 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. Onsemi has a 52-week low of $41.59 and a 52-week high of $80.08. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $50.20 and its two-hundred day moving average is $62.38.

Onsemi (NASDAQ:ON) last released its earnings results 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%. On average, research analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

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.