Signaturefd LLC Sells 608 Shares of Onsemi (NASDAQ:ON)

Signaturefd LLC trimmed its stake in shares of Onsemi (NASDAQ:ON) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,582 shares of the semiconductor company’s stock after selling 608 shares during the quarter. Signaturefd LLC’s holdings in Onsemi were worth $550,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ON. HB Wealth Management LLC raised its holdings in shares of Onsemi by 45.3% during the 3rd quarter. HB Wealth Management LLC now owns 3,151 shares of the semiconductor company’s stock worth $293,000 after buying an additional 982 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Onsemi by 8.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 11,267 shares of the semiconductor company’s stock worth $1,047,000 after buying an additional 882 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Onsemi by 199.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,062 shares of the semiconductor company’s stock worth $378,000 after buying an additional 2,707 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Onsemi by 13.2% during the 3rd quarter. Private Trust Co. NA now owns 1,282 shares of the semiconductor company’s stock worth $119,000 after buying an additional 149 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in Onsemi by 44.9% in the 3rd quarter. Caprock Group LLC now owns 3,570 shares of the semiconductor company’s stock worth $332,000 after purchasing an additional 1,107 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Up 6.2 %

Shares of NASDAQ:ON opened at $65.53 on Thursday. The business’s 50 day simple moving average is $73.93 and its two-hundred day simple moving average is $75.84. The firm has a market cap of $28.17 billion, a P/E ratio of 13.40, a PEG ratio of 6.02 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 has a 52-week low of $59.34 and a 52-week high of $111.35.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 earnings per share. As a group, research analysts forecast that Onsemi will post 4.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ON has been the subject of a number of recent research reports. Mizuho lowered their target price on Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Evercore ISI initiated coverage on Onsemi in a report on Tuesday, April 16th. They issued an “outperform” rating and a $104.00 target price for 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. Morgan Stanley lowered their target price on Onsemi from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Stifel Nicolaus lowered their target price on Onsemi from $82.00 to $72.00 and set a “hold” rating for the company in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen 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 $95.28.

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.