Mutual of America Capital Management LLC Reduces Position in Onsemi (NASDAQ:ON)

Mutual of America Capital Management LLC decreased its position in shares of Onsemi (NASDAQ:ONFree 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.

Onsemi (NASDAQ:ONGet Free Report) last issued its earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the firm earned $1.32 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, research analysts anticipate that Onsemi will post 4.45 earnings per share for the current year.

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.

Check Out Our Latest Stock Analysis on Onsemi

Onsemi Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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