Moran Wealth Management LLC Boosts Holdings in Onsemi (NASDAQ:ON)

Moran Wealth Management LLC boosted its holdings in Onsemi (NASDAQ:ON - Free Report) by 30.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,797 shares of the semiconductor company's stock after purchasing an additional 10,682 shares during the quarter. Moran Wealth Management LLC's holdings in Onsemi were worth $2,888,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ON. Capital Performance Advisors LLP purchased a new stake in shares of Onsemi in the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in Onsemi in the 3rd quarter worth approximately $33,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Onsemi during the 3rd quarter worth approximately $43,000. Newbridge Financial Services Group Inc. bought a new position in shares of Onsemi during the 4th quarter valued at approximately $41,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Onsemi in the fourth quarter valued at $51,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ON. Craig Hallum decreased their price target on shares of Onsemi from $78.00 to $50.00 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Susquehanna decreased their target price on shares of Onsemi from $70.00 to $60.00 and set a "positive" rating on the stock in a research report on Tuesday, February 11th. KeyCorp lowered their price target on shares of Onsemi from $90.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. B. Riley reduced their price objective on Onsemi from $90.00 to $73.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, UBS Group lowered their price objective on Onsemi from $72.00 to $65.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $66.85.

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Onsemi Price Performance

ON opened at $42.86 on Wednesday. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 16.74 and a beta of 1.59. 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 $41.85 and a 12-month high of $82.65. The business's fifty day simple moving average is $52.80 and its 200-day simple moving average is $63.80.

Onsemi (NASDAQ:ON - Get Free Report) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. On average, equities research analysts anticipate that Onsemi will post 2.6 earnings per share 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.

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