Mercer Global Advisors Inc. ADV Sells 13,535 Shares of Onsemi (NASDAQ:ON)

Mercer Global Advisors Inc. ADV cut its position in shares of Onsemi (NASDAQ:ON - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,641 shares of the semiconductor company's stock after selling 13,535 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Onsemi were worth $1,869,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC increased its holdings in Onsemi by 3.8% during the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company's stock worth $357,000 after buying an additional 207 shares during the last quarter. Assetmark Inc. increased its stake in shares of Onsemi by 0.3% during the 4th quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company's stock worth $4,949,000 after purchasing an additional 235 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Onsemi by 3.9% in the 4th quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company's stock worth $424,000 after purchasing an additional 252 shares during the period. Huntington National Bank lifted its stake in 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, Clear Creek Financial Management LLC grew its holdings in Onsemi by 6.9% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,366 shares of the semiconductor company's stock valued at $275,000 after purchasing an additional 282 shares during the period. 97.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Onsemi from $60.00 to $45.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Needham & Company LLC dropped their price objective on shares of Onsemi from $57.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. TD Cowen lifted their target price on shares of Onsemi from $38.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Craig Hallum lowered their price target on shares of Onsemi from $78.00 to $50.00 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Finally, Roth Mkm cut their price objective on shares of Onsemi from $100.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $54.32.

Onsemi Price Performance

Shares of ON stock traded up $1.21 during trading hours on Friday, hitting $40.98. 11,721,467 shares of the company's stock were exchanged, compared to its average volume of 7,660,456. The company has a market capitalization of $17.12 billion, a PE ratio of 11.29, a PEG ratio of 16.74 and a beta of 1.39. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. Onsemi has a 12-month low of $31.04 and a 12-month high of $80.08. The business's 50 day simple moving average is $39.72 and its 200-day simple moving average is $53.91.

Onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The firm's revenue for the quarter was down 22.4% on a year-over-year basis. On average, equities research analysts anticipate that Onsemi will post 2.6 earnings per share for the current year.

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.