Proficio Capital Partners LLC Invests $4.78 Million in Onsemi (NASDAQ:ON)

Proficio Capital Partners LLC purchased a new stake in shares of Onsemi (NASDAQ:ON) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 75,849 shares of the semiconductor company’s stock, valued at approximately $4,782,000.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on ON shares. UBS Group decreased their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Stifel Nicolaus decreased their price objective on Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company dropped their target price on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. The Goldman Sachs Group reduced their target price on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Loop Capital began coverage on shares of Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Onsemi presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.12.

Onsemi Trading Down 4.5 %

Onsemi stock opened at $44.91 on Tuesday. Onsemi has a one year low of $44.67 and a one year high of $85.16. The business’s fifty day moving average is $55.80 and its 200 day moving average is $65.35. 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 stock has a market capitalization of $18.93 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 16.74 and a beta of 1.61.

Onsemi (NASDAQ:ON) last announced its quarterly 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 return on equity of 20.10% and a net margin of 22.21%. On average, sell-side analysts predict that Onsemi will post 2.6 EPS for the current year.

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.