Onsemi (NASDAQ:ON) Holdings Increased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its stake in shares of Onsemi (NASDAQ:ONFree Report) by 23.2% during the third quarter, HoldingsChannel.com reports. The firm owned 8,326 shares of the semiconductor company’s stock after acquiring an additional 1,566 shares during the period. Avantax Advisory Services Inc.’s holdings in Onsemi were worth $774,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in Onsemi by 3.2% in the first quarter. HighTower Advisors LLC now owns 27,412 shares of the semiconductor company’s stock valued at $1,716,000 after acquiring an additional 845 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in Onsemi in the first quarter valued at approximately $1,171,000. Yousif Capital Management LLC lifted its stake in Onsemi by 4.2% in the first quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company’s stock valued at $618,000 after acquiring an additional 395 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Onsemi by 15.4% in the first quarter. Raymond James Trust N.A. now owns 5,938 shares of the semiconductor company’s stock valued at $372,000 after acquiring an additional 793 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Onsemi by 22.0% in the first quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 768 shares during the last quarter. 96.36% of the stock is owned by hedge funds and other institutional investors.

Onsemi Trading Up 0.1 %

Shares of Onsemi stock opened at $80.80 on Friday. The firm has a market capitalization of $34.80 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 4.56 and a beta of 1.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.60. The company’s fifty day moving average price is $77.70 and its two-hundred day moving average price is $84.11. Onsemi has a 52-week low of $61.47 and a 52-week high of $111.35.

Onsemi (NASDAQ:ONGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. On average, analysts expect that Onsemi will post 4.45 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ON. Truist Financial reduced their price objective on shares of Onsemi from $94.00 to $89.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday. Summit Insights cut shares of Onsemi from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. StockNews.com cut shares of Onsemi from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, KeyCorp boosted their price objective on shares of Onsemi from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Onsemi presently has an average rating of “Hold” and an average price target of $98.92.

View Our Latest Report on Onsemi

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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Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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