Centaurus Financial Inc. Sells 8,966 Shares of Onsemi (NASDAQ:ON)

Centaurus Financial Inc. cut its holdings in shares of Onsemi (NASDAQ:ON - Free Report) by 53.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,769 shares of the semiconductor company's stock after selling 8,966 shares during the quarter. Centaurus Financial Inc.'s holdings in Onsemi were worth $490,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ON. Truvestments Capital LLC grew its position in shares of Onsemi by 3.8% in the 4th quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company's stock valued at $357,000 after acquiring an additional 207 shares during the period. Assetmark Inc. lifted its position in Onsemi by 0.3% during the fourth quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company's stock worth $4,949,000 after acquiring an additional 235 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Onsemi by 3.9% during the fourth quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company's stock worth $424,000 after acquiring an additional 252 shares during the period. Huntington National Bank grew its position in shares of Onsemi by 8.9% in the fourth quarter. Huntington National Bank now owns 3,310 shares of the semiconductor company's stock valued at $209,000 after purchasing an additional 271 shares during the last quarter. Finally, Elequin Capital LP increased its stake in shares of Onsemi by 108.3% during the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 274 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Stock Up 6.3%

Shares of NASDAQ ON traded up $3.00 during mid-day trading on Wednesday, reaching $50.37. 14,874,421 shares of the company's stock traded hands, compared to its average volume of 7,947,746. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. Onsemi has a 1-year low of $31.04 and a 1-year high of $80.08. The stock has a market cap of $21.05 billion, a P/E ratio of 13.88, a PEG ratio of 16.74 and a beta of 1.39. The business has a 50-day simple moving average of $39.59 and a 200 day simple moving average of $50.75.

Onsemi (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company posted $1.08 EPS. The company's revenue for the quarter was down 22.4% on a year-over-year basis. On average, analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ON shares. Needham & Company LLC dropped their target price on Onsemi from $57.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. UBS Group dropped their price objective on shares of Onsemi from $55.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Stifel Nicolaus lowered their target price on shares of Onsemi from $52.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Citigroup cut their price target on Onsemi from $52.00 to $40.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, The Goldman Sachs Group dropped their price objective on Onsemi from $77.00 to $64.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.12.

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.