550 Shares in Onsemi (NASDAQ:ON) Acquired by Planned Solutions Inc.

Planned Solutions Inc. purchased a new position in shares of Onsemi (NASDAQ:ON) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 550 shares of the semiconductor company’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ON. HighTower Advisors LLC lifted its stake in shares of Onsemi by 3.2% during the 1st quarter. HighTower Advisors LLC now owns 27,412 shares of the semiconductor company’s stock worth $1,716,000 after acquiring an additional 845 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Onsemi during the 1st quarter worth $1,171,000. Yousif Capital Management LLC increased its holdings in Onsemi by 4.2% during the 1st quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 395 shares during the period. Raymond James Trust N.A. increased its holdings in Onsemi by 15.4% during the 1st quarter. Raymond James Trust N.A. now owns 5,938 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 793 shares during the period. Finally, Blair William & Co. IL increased its holdings in Onsemi by 22.0% during the 1st quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 768 shares during the period. 97.70% of the stock is owned by institutional investors.

Onsemi Stock Down 2.7 %

Onsemi stock opened at $73.55 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. The business’s 50-day simple moving average is $76.75 and its two-hundred day simple moving average is $79.30. The company has a market cap of $31.68 billion, a PE ratio of 15.04, a PEG ratio of 7.32 and a beta of 1.81. Onsemi has a fifty-two week low of $61.47 and a fifty-two week high of $111.35.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.04. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.32 EPS. Equities analysts anticipate that Onsemi will post 4.34 EPS for the current year.

Wall Street Analyst Weigh In

ON has been the topic of several research reports. Rosenblatt Securities restated a “neutral” rating and set a $75.00 price objective on shares of Onsemi in a report on Tuesday, February 6th. KeyCorp raised their price objective on Onsemi from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Roth Mkm raised their price objective on Onsemi from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $82.00 price target on shares of Onsemi in a report on Thursday, March 14th. Finally, Truist Financial cut their price target on Onsemi from $94.00 to $89.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $98.79.

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.