Curat Global LLC Invests $378,000 in Onsemi (NASDAQ:ON)

Curat Global LLC bought a new position in shares of Onsemi (NASDAQ:ON - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,300 shares of the semiconductor company's stock, valued at approximately $378,000.

A number of other large investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in Onsemi by 23.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,362 shares of the semiconductor company's stock valued at $218,000 after purchasing an additional 1,021 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of Onsemi during the first quarter worth $1,038,000. Czech National Bank increased its position in shares of Onsemi by 4.8% during the first quarter. Czech National Bank now owns 96,793 shares of the semiconductor company's stock worth $3,939,000 after acquiring an additional 4,471 shares in the last quarter. Rhumbline Advisers increased its position in shares of Onsemi by 4.8% during the first quarter. Rhumbline Advisers now owns 836,795 shares of the semiconductor company's stock worth $34,049,000 after acquiring an additional 38,376 shares in the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of Onsemi by 8.2% during the first quarter. Moody National Bank Trust Division now owns 11,235 shares of the semiconductor company's stock worth $457,000 after acquiring an additional 848 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Stock Up 1.3%

Shares of Onsemi stock traded up $0.63 during trading on Friday, reaching $50.17. 8,140,359 shares of the company traded hands, compared to its average volume of 8,044,688. 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 company has a 50 day moving average price of $40.16 and a 200-day moving average price of $50.51. The firm has a market capitalization of $20.97 billion, a PE ratio of 13.82, a P/E/G ratio of 16.74 and a beta of 1.39.

Onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Onsemi had a net margin of 22.21% and a return on equity of 20.10%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The business's revenue was down 22.4% on a year-over-year basis. As a group, equities research analysts expect that Onsemi will post 2.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ON shares. Mizuho lowered their price objective on shares of Onsemi from $71.00 to $62.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. Jefferies Financial Group reduced their target price on shares of Onsemi from $100.00 to $85.00 and set a "buy" rating for the company in a report on Monday, February 10th. B. Riley cut shares of Onsemi from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Onsemi from $60.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, Truist Financial reduced their target price on shares of Onsemi from $60.00 to $52.00 and set a "hold" rating for the company in a report on Tuesday, February 11th. Twelve research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Onsemi has an average rating of "Moderate Buy" and an average price target of $54.12.

Onsemi Company 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.