Mutual of America Capital Management LLC decreased its position in shares of Onsemi (NASDAQ:ON – Free Report) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,391 shares of the semiconductor company’s stock after selling 1,735 shares during the period. Mutual of America Capital Management LLC’s holdings in Onsemi were worth $5,613,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new position in shares of Onsemi during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its holdings in Onsemi by 95.5% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 348 shares of the semiconductor company’s stock worth $33,000 after buying an additional 170 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Onsemi in the 1st quarter valued at approximately $33,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Onsemi during the 3rd quarter valued at approximately $45,000. Finally, First Pacific Financial bought a new position in Onsemi during the third quarter worth $45,000. Institutional investors and hedge funds own 96.36% of the company’s stock.
Onsemi Price Performance
Onsemi stock opened at $80.80 on Monday. The stock has a market cap of $34.80 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 4.57 and a beta of 1.81. Onsemi has a 12-month low of $61.47 and a 12-month high of $111.35. The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. The business’s 50-day simple moving average is $77.70 and its 200 day simple moving average is $83.89.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on ON shares. The Goldman Sachs Group dropped their price objective on shares of Onsemi from $106.00 to $93.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. TD Cowen raised their price target on Onsemi from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Stifel Nicolaus upped their price objective on Onsemi from $72.00 to $85.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. cut their target price on Onsemi from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $92.00 price target on shares of Onsemi in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Onsemi currently has a consensus rating of “Hold” and an average price target of $98.92.
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.
- Five stocks we like better than Onsemi
- Stock Dividend Cuts Happen Are You Ready?
- Uber quadruples EPS estimates, but is growth decelerating?
- How to Invest in the FAANG Stocks
- 3 stocks set to benefit from record Valentine’s Day spending
- What is a Secondary Public Offering? What Investors Need to Know
- Tradeweb is a disruptive pure play on financial market liquidity
Receive News & Ratings for Onsemi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Onsemi and related companies with MarketBeat.com's FREE daily email newsletter.