Rhumbline Advisers boosted its holdings in Onsemi (NASDAQ:ON - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 836,795 shares of the semiconductor company's stock after purchasing an additional 38,376 shares during the quarter. Rhumbline Advisers owned about 0.20% of Onsemi worth $34,049,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Elequin Capital LP boosted its stake in shares of Onsemi by 108.3% in the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock valued at $33,000 after buying an additional 274 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Onsemi in the fourth quarter valued at $41,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Onsemi during the 4th quarter worth $43,000. Plato Investment Management Ltd acquired a new position in shares of Onsemi during the 4th quarter worth $51,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Onsemi by 69.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 518 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
ON has been the topic of several research reports. Loop Capital lowered their target price on Onsemi from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Mizuho lowered their price objective on shares of Onsemi from $71.00 to $62.00 and set an "outperform" rating on the stock in a research note on Monday, March 24th. UBS Group cut their target price on shares of Onsemi from $55.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Roth Mkm reduced their price target on shares of Onsemi from $100.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Finally, Stifel Nicolaus dropped their price objective on shares of Onsemi from $52.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Twelve analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $54.12.
Check Out Our Latest Report on Onsemi
Onsemi Stock Up 1.3%
NASDAQ ON traded up $0.63 on Friday, reaching $50.17. The company had a trading volume of 8,140,359 shares, compared to its average volume of 8,038,781. 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. The firm has a 50-day moving average of $39.96 and a 200-day moving average of $50.63. Onsemi has a 1 year low of $31.04 and a 1 year high of $80.08. 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 (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.40 billion. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Onsemi's quarterly revenue was down 22.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. On average, equities research analysts anticipate that Onsemi will post 2.6 EPS for the current fiscal year.
About Onsemi
(
Free Report)
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.
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