Onsemi (NASDAQ:ON) Shares Bought by MONECO Advisors LLC

MONECO Advisors LLC lifted its position in shares of Onsemi (NASDAQ:ON) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,266 shares of the semiconductor company’s stock after acquiring an additional 883 shares during the quarter. MONECO Advisors LLC’s holdings in Onsemi were worth $1,089,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC boosted its position in shares of Onsemi by 3.0% during the 3rd quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock worth $521,000 after purchasing an additional 209 shares in the last quarter. Metis Global Partners LLC lifted its stake in shares of Onsemi by 1.8% in the third quarter. Metis Global Partners LLC now owns 13,711 shares of the semiconductor company’s stock valued at $996,000 after purchasing an additional 237 shares during the period. V Square Quantitative Management LLC boosted its holdings in Onsemi by 3.9% during the fourth quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company’s stock worth $424,000 after buying an additional 252 shares in the last quarter. Clear Creek Financial Management LLC grew its position in Onsemi by 6.9% during the fourth quarter. Clear Creek Financial Management LLC now owns 4,366 shares of the semiconductor company’s stock worth $275,000 after buying an additional 282 shares during the period. Finally, Savant Capital LLC increased its holdings in Onsemi by 9.9% in the fourth quarter. Savant Capital LLC now owns 3,297 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 297 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Benchmark decreased their price target on Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Mizuho decreased their target price on Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Craig Hallum dropped their price target on Onsemi from $78.00 to $50.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price objective on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, Loop Capital initiated coverage on shares of Onsemi in a research note on Monday, November 11th. They issued a “buy” rating and a $95.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Onsemi currently has an average rating of “Moderate Buy” and an average target price of $68.16.

Onsemi Trading Down 3.0 %

Shares of ON stock opened at $54.05 on Monday. The firm’s 50-day simple moving average is $57.39 and its 200-day simple moving average is $66.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38. Onsemi has a 1-year low of $46.57 and a 1-year high of $85.16. The firm has a market cap of $22.78 billion, a P/E ratio of 14.89, a PEG ratio of 16.74 and a beta of 1.61.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share 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%. As a group, equities analysts forecast 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.