Sigma Planning Corp Has $211,000 Stock Holdings in Onsemi (NASDAQ:ON)

Sigma Planning Corp cut its holdings in shares of Onsemi (NASDAQ:ON) by 68.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,523 shares of the semiconductor company’s stock after selling 5,535 shares during the period. Sigma Planning Corp’s holdings in Onsemi were worth $211,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ON. Provence Wealth Management Group acquired a new position in shares of Onsemi in the 3rd quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Onsemi in the 4th quarter worth approximately $32,000. Hanseatic Management Services Inc. acquired a new position in shares of Onsemi in the 3rd quarter worth approximately $38,000. Headinvest LLC acquired a new position in shares of Onsemi in the 3rd quarter worth approximately $44,000. Finally, First Pacific Financial acquired a new position in shares of Onsemi in the 3rd quarter worth approximately $45,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Stock Performance

NASDAQ ON opened at $70.82 on Tuesday. The firm has a market cap of $30.44 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 6.71 and a beta of 1.80. The company has a fifty day moving average price of $73.11 and a 200-day moving average price of $75.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74. Onsemi has a 1 year low of $59.34 and a 1 year high of $111.35.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 earnings per share. As a group, equities research analysts predict that Onsemi will post 4.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ON. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Stifel Nicolaus lowered their price objective on shares of Onsemi from $82.00 to $72.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Rosenblatt Securities reiterated a “neutral” rating and issued a $75.00 price objective on shares of Onsemi in a research note on Tuesday, February 6th. Mizuho lowered their price objective on shares of Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Finally, Susquehanna reiterated a “positive” rating and issued a $90.00 price objective on shares of Onsemi in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.