GTS Securities LLC Grows Position in Onsemi (NASDAQ:ON)

GTS Securities LLC raised its stake in shares of Onsemi (NASDAQ:ON - Free Report) by 42.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,012 shares of the semiconductor company's stock after purchasing an additional 17,429 shares during the period. GTS Securities LLC's holdings in Onsemi were worth $3,658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Elequin Capital LP increased its stake in 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 acquiring an additional 274 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Onsemi during the 4th quarter valued at $41,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Onsemi in the fourth quarter valued at about $43,000. Synergy Asset Management LLC purchased a new stake in shares of Onsemi in the 4th quarter worth approximately $51,000. Finally, Plato Investment Management Ltd purchased a new stake in Onsemi during the fourth quarter worth $51,000. 97.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Truist Financial cut their target price on Onsemi from $60.00 to $52.00 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Rosenblatt Securities restated a "neutral" rating and issued a $42.00 price target on shares of Onsemi in a report on Tuesday, May 6th. UBS Group reduced 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. Needham & Company LLC decreased their target price on shares of Onsemi from $57.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Citigroup reduced their price target on Onsemi from $52.00 to $40.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Twelve research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Onsemi has a consensus rating of "Moderate Buy" and an average price target of $54.12.

Onsemi Stock Performance

Shares of NASDAQ ON traded down $0.02 during midday trading on Wednesday, reaching $43.38. 2,446,743 shares of the stock were exchanged, compared to its average volume of 7,784,241. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 16.74 and a beta of 1.39. The firm has a 50-day simple moving average of $39.72 and a two-hundred day simple moving average of $51.60. Onsemi has a twelve month low of $31.04 and a twelve month high of $80.08.

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