Onsemi (NASDAQ:ON) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its position in shares of Onsemi (NASDAQ:ON) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,105 shares of the semiconductor company’s stock after selling 317 shares during the quarter. Greenleaf Trust’s holdings in Onsemi were worth $426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Xponance Inc. raised its stake in Onsemi by 6.2% during the fourth quarter. Xponance Inc. now owns 54,786 shares of the semiconductor company’s stock valued at $4,576,000 after buying an additional 3,202 shares in the last quarter. AIA Group Ltd raised its stake in Onsemi by 9.1% during the fourth quarter. AIA Group Ltd now owns 22,673 shares of the semiconductor company’s stock valued at $1,894,000 after buying an additional 1,893 shares in the last quarter. Federated Hermes Inc. raised its stake in Onsemi by 21.3% during the fourth quarter. Federated Hermes Inc. now owns 26,557 shares of the semiconductor company’s stock valued at $2,218,000 after buying an additional 4,667 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in Onsemi during the fourth quarter valued at approximately $152,000. Finally, Slow Capital Inc. grew its holdings in shares of Onsemi by 1.2% during the fourth quarter. Slow Capital Inc. now owns 40,628 shares of the semiconductor company’s stock valued at $3,394,000 after purchasing an additional 474 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Onsemi from $110.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday. Rosenblatt Securities reaffirmed a “neutral” rating and set a $75.00 target price on shares of Onsemi in a report on Tuesday, February 6th. Susquehanna reissued a “positive” rating and issued a $90.00 price objective on shares of Onsemi in a report on Monday, April 8th. Needham & Company LLC reissued a “buy” rating and issued a $92.00 price objective on shares of Onsemi in a report on Tuesday, February 6th. Finally, Morgan Stanley decreased their price objective on Onsemi from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.28.

Onsemi Price Performance

Shares of NASDAQ:ON opened at $61.68 on Wednesday. Onsemi has a one year low of $59.34 and a one year high of $111.35. The stock has a fifty day moving average of $73.93 and a 200-day moving average of $75.84. The company has a market capitalization of $26.51 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 5.92 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.32 EPS. As a group, equities analysts anticipate that Onsemi will post 4.3 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.