Regal Investment Advisors LLC lowered its stake in Onsemi (NASDAQ:ON - Free Report) by 37.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,349 shares of the semiconductor company's stock after selling 19,602 shares during the period. Regal Investment Advisors LLC's holdings in Onsemi were worth $2,040,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in Onsemi by 25.9% in the fourth quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company's stock valued at $25,724,000 after buying an additional 82,614 shares during the period. Blue Trust Inc. grew its stake in shares of Onsemi by 16.1% during the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company's stock worth $509,000 after purchasing an additional 1,119 shares during the period. Oak Thistle LLC acquired a new position in Onsemi in the fourth quarter valued at about $515,000. Deltec Asset Management LLC acquired a new position in shares of Onsemi during the 4th quarter worth about $6,343,000. Finally, World Investment Advisors LLC acquired a new stake in shares of Onsemi in the 3rd quarter valued at approximately $1,087,000. Institutional investors and hedge funds own 97.70% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Jefferies Financial Group cut their target price on shares of Onsemi from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Stifel Nicolaus lowered their price target on Onsemi from $52.00 to $42.00 and set a "hold" rating for the company in a report on Thursday. Susquehanna decreased their price objective on Onsemi from $70.00 to $60.00 and set a "positive" rating for the company in a research report on Tuesday, February 11th. Morgan Stanley cut their price target on shares of Onsemi from $52.00 to $44.00 and set an "underweight" rating on the stock in a research note 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 on the stock in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $63.52.
Get Our Latest Stock Report on ON
Onsemi Stock Performance
Shares of Onsemi stock traded down $0.50 during trading on Monday, hitting $34.14. 1,192,950 shares of the stock were exchanged, compared to its average volume of 7,467,894. Onsemi has a 1-year low of $31.04 and a 1-year high of $80.08. The stock has a market capitalization of $14.41 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 16.74 and a beta of 1.48. The company has a fifty day moving average price of $43.28 and a 200-day moving average price of $57.03. 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 announced its quarterly earnings results 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%. As a group, equities analysts predict 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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