Vanguard Personalized Indexing Management LLC Sells 18,110 Shares of Onsemi (NASDAQ:ON)

Vanguard Personalized Indexing Management LLC lessened its position in shares of Onsemi (NASDAQ:ON - Free Report) by 31.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,870 shares of the semiconductor company's stock after selling 18,110 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Onsemi were worth $3,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ON. Apollon Wealth Management LLC boosted its holdings in Onsemi by 26.4% in the 4th quarter. Apollon Wealth Management LLC now owns 7,089 shares of the semiconductor company's stock valued at $592,000 after purchasing an additional 1,482 shares during the period. International Assets Investment Management LLC increased its stake in Onsemi by 7,749.6% in the 4th quarter. International Assets Investment Management LLC now owns 83,363 shares of the semiconductor company's stock worth $6,963,000 after acquiring an additional 82,301 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of Onsemi by 7.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 9,610 shares of the semiconductor company's stock valued at $798,000 after acquiring an additional 637 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Onsemi by 3.6% during the 4th quarter. State of Michigan Retirement System now owns 140,536 shares of the semiconductor company's stock valued at $11,739,000 after acquiring an additional 4,900 shares during the last quarter. Finally, Synergy Asset Management LLC raised its stake in Onsemi by 91.5% in the fourth quarter. Synergy Asset Management LLC now owns 154,649 shares of the semiconductor company's stock valued at $12,918,000 after purchasing an additional 73,909 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Onsemi Stock Performance

NASDAQ:ON traded up $1.75 during trading hours on Wednesday, reaching $74.74. The company had a trading volume of 6,414,907 shares, compared to its average volume of 7,353,944. The firm's 50 day moving average price is $71.30 and its 200-day moving average price is $73.92. Onsemi has a 52 week low of $59.34 and a 52 week high of $111.35. The company has a current ratio of 2.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.32. The firm has a market cap of $32.16 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 3.30 and a beta of 1.78.

Onsemi (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The business's revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 earnings per share. On average, analysts forecast that Onsemi will post 3.83 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ON. Roth Mkm lifted their price objective on shares of Onsemi from $75.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, February 6th. The Goldman Sachs Group reduced their target price on shares of Onsemi from $91.00 to $81.00 and set a "buy" rating on the stock in a report on Tuesday, April 16th. Mizuho cut their target price on shares of Onsemi from $92.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, April 30th. Truist Financial decreased their target price on shares of Onsemi from $89.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, April 30th. Finally, BNP Paribas reaffirmed an "underperform" rating and set a $55.00 price objective on shares of Onsemi in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.28.

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.

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