Onsemi (NASDAQ:ON) Stock Holdings Boosted by IFP Advisors Inc

IFP Advisors Inc lifted its position in shares of Onsemi (NASDAQ:ON) by 9.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,814 shares of the semiconductor company’s stock after acquiring an additional 675 shares during the period. IFP Advisors Inc’s holdings in Onsemi were worth $493,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ON. Capital Performance Advisors LLP acquired a new stake in Onsemi in the third quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in Onsemi in the third quarter worth about $33,000. Safe Harbor Fiduciary LLC acquired a new stake in Onsemi in the third quarter worth about $43,000. Newbridge Financial Services Group Inc. acquired a new stake in Onsemi in the fourth quarter worth about $41,000. Finally, Synergy Asset Management LLC acquired a new stake in Onsemi in the fourth quarter worth about $51,000. Institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Benchmark reduced their price objective on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Citigroup reduced their price objective on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company cut their price target on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, B. Riley cut their price target on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.12.

Onsemi Price Performance

Shares of ON opened at $47.05 on Friday. The company has a market capitalization of $19.83 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 16.74 and a beta of 1.61. Onsemi has a fifty-two week low of $46.04 and a fifty-two week high of $85.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. The business’s 50-day moving average is $56.17 and its 200-day moving average is $65.60.

Onsemi (NASDAQ:ON) last issued its 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 net margin of 22.21% and a return on equity of 20.10%. Equities research analysts expect that Onsemi will post 2.6 EPS for the current fiscal year.

About Onsemi

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.