Stifel Financial Corp Acquires 14,594 Shares of Onsemi (NASDAQ:ON)

Stifel Financial Corp grew its position in shares of Onsemi (NASDAQ:ON - Free Report) by 12.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 127,441 shares of the semiconductor company's stock after acquiring an additional 14,594 shares during the period. Stifel Financial Corp's holdings in Onsemi were worth $8,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Onsemi by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company's stock valued at $3,224,081,000 after purchasing an additional 344,354 shares during the last quarter. Norges Bank purchased a new stake in Onsemi during the fourth quarter valued at $378,312,000. Dimensional Fund Advisors LP raised its stake in Onsemi by 18.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company's stock valued at $316,195,000 after purchasing an additional 771,610 shares in the last quarter. Capital International Investors raised its stake in Onsemi by 0.7% during the fourth quarter. Capital International Investors now owns 4,214,441 shares of the semiconductor company's stock valued at $265,737,000 after purchasing an additional 31,365 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Onsemi by 35.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company's stock valued at $247,226,000 after purchasing an additional 1,037,624 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ON. Rosenblatt Securities reaffirmed a "neutral" rating and set a $49.00 price target on shares of Onsemi in a research note on Thursday, February 27th. Mizuho reduced their target price 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. Needham & Company LLC reissued a "buy" rating and issued a $57.00 target price on shares of Onsemi in a research note on Monday, March 3rd. Roth Mkm reduced their target price on shares of Onsemi from $100.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Susquehanna reduced their target price on shares of Onsemi from $70.00 to $60.00 and set a "positive" rating on the stock in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Onsemi has a consensus rating of "Moderate Buy" and an average target price of $62.24.

Onsemi Trading Up 1.0 %

Shares of Onsemi stock opened at $40.04 on Tuesday. The firm has a market capitalization of $16.90 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 16.74 and a beta of 1.48. Onsemi has a 12-month low of $31.04 and a 12-month high of $80.08. The firm's 50 day simple moving average is $41.56 and its two-hundred day simple moving average is $55.65. 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 (NASDAQ:ON - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Analysts predict that Onsemi will post 2.6 EPS 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.

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