Onsemi (NASDAQ:ON) Stake Boosted by United Services Automobile Association

United Services Automobile Association increased its position in shares of Onsemi (NASDAQ:ONFree Report) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,777 shares of the semiconductor company’s stock after purchasing an additional 1,179 shares during the quarter. United Services Automobile Association’s holdings in Onsemi were worth $1,067,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC increased its position in Onsemi by 7.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,463 shares of the semiconductor company’s stock worth $206,000 after buying an additional 177 shares during the period. STF Management LP increased its holdings in shares of Onsemi by 2.5% during the fourth quarter. STF Management LP now owns 7,209 shares of the semiconductor company’s stock valued at $602,000 after purchasing an additional 178 shares during the period. Quent Capital LLC increased its holdings in shares of Onsemi by 25.3% during the fourth quarter. Quent Capital LLC now owns 980 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 198 shares during the period. Wealthspire Advisors LLC increased its holdings in shares of Onsemi by 6.2% during the third quarter. Wealthspire Advisors LLC now owns 3,408 shares of the semiconductor company’s stock valued at $317,000 after purchasing an additional 199 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Onsemi by 15.8% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,540 shares of the semiconductor company’s stock valued at $143,000 after purchasing an additional 210 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Stock Down 1.7 %

Shares of Onsemi stock traded down $1.27 during trading on Wednesday, hitting $72.38. 366,928 shares of the stock traded hands, compared to its average volume of 7,168,515. The stock has a market cap of $31.14 billion, a P/E ratio of 15.03, a PEG ratio of 3.31 and a beta of 1.78. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.87. Onsemi has a twelve month low of $59.34 and a twelve month high of $111.35. The company has a fifty day moving average price of $70.38 and a two-hundred day moving average price of $74.45.

Onsemi (NASDAQ:ONGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a return on equity of 28.86% and a net margin of 26.67%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 EPS. Equities research analysts predict that Onsemi will post 3.83 EPS for the current fiscal year.

Insider Activity

In related news, Director Paul Anthony Mascarenas sold 911 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $74.46, for a total value of $67,833.06. Following the transaction, the director now directly owns 48,929 shares of the company’s stock, valued at approximately $3,643,253.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on ON shares. B. Riley reaffirmed a “buy” rating and set a $103.00 target price (down from $115.00) on shares of Onsemi in a report on Tuesday, April 30th. Rosenblatt Securities lowered their target price on Onsemi from $75.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. TD Cowen lowered their target price on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. KeyCorp lowered their target price on Onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. Finally, Jefferies Financial Group started coverage on Onsemi in a report on Monday, May 13th. They set a “buy” rating and a $100.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and an average price target of $90.28.

View Our Latest Stock Report on ON

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.

See Also

Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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