Measured Wealth Private Client Group LLC Sells 2,269 Shares of Onsemi (NASDAQ:ON)

Measured Wealth Private Client Group LLC trimmed its position in Onsemi (NASDAQ:ON) by 38.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,625 shares of the semiconductor company’s stock after selling 2,269 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Onsemi were worth $303,000 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. Invesco Ltd. raised its stake in shares of Onsemi by 26.0% during the 3rd quarter. Invesco Ltd. now owns 5,812,863 shares of the semiconductor company’s stock worth $540,306,000 after purchasing an additional 1,200,723 shares during the period. Ameriprise Financial Inc. raised its position in Onsemi by 23.7% in the third quarter. Ameriprise Financial Inc. now owns 4,272,182 shares of the semiconductor company’s stock worth $397,108,000 after acquiring an additional 817,237 shares during the period. Northern Trust Corp boosted its stake in Onsemi by 4.3% in the third quarter. Northern Trust Corp now owns 4,117,862 shares of the semiconductor company’s stock valued at $382,755,000 after acquiring an additional 171,432 shares during the last quarter. Alphinity Investment Management Pty Ltd grew its position in shares of Onsemi by 2.7% during the 3rd quarter. Alphinity Investment Management Pty Ltd now owns 2,845,345 shares of the semiconductor company’s stock valued at $264,475,000 after acquiring an additional 75,730 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Onsemi by 0.7% during the 3rd quarter. Sei Investments Co. now owns 2,701,574 shares of the semiconductor company’s stock worth $251,111,000 after purchasing an additional 19,740 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Truist Financial lowered their price objective on Onsemi from $89.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Susquehanna reduced their price objective on shares of Onsemi from $90.00 to $85.00 and set a “positive” rating for the company in a research note on Tuesday, April 30th. JPMorgan Chase & Co. dropped their target price on Onsemi from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. B. Riley reiterated a “buy” rating and issued a $103.00 price target (down from $115.00) on shares of Onsemi in a research report on Tuesday, April 30th. Finally, Needham & Company LLC reissued a “buy” rating and set a $92.00 price objective on shares of Onsemi in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.24.

Onsemi Trading Up 0.5 %

ON traded up $0.36 during midday trading on Friday, reaching $70.37. 6,516,692 shares of the company’s stock traded hands, compared to its average volume of 7,968,687. Onsemi has a 52 week low of $59.34 and a 52 week high of $111.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.74. The firm has a fifty day moving average of $72.35 and a two-hundred day moving average of $74.65. The stock has a market capitalization of $30.28 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 3.18 and a beta of 1.78.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business posted $1.19 earnings per share. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Onsemi will post 3.86 earnings per share for the current fiscal 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.