Fort Washington Investment Advisors Inc. OH Reduces Stock Holdings in Onsemi (NASDAQ:ON)

Fort Washington Investment Advisors Inc. OH lowered its position in Onsemi (NASDAQ:ONFree Report) by 19.4% in the fourth quarter, HoldingsChannel reports. The firm owned 4,431 shares of the semiconductor company’s stock after selling 1,069 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Onsemi were worth $370,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Provence Wealth Management Group purchased a new position in Onsemi during the third quarter worth about $25,000. FinTrust Capital Advisors LLC purchased a new position in Onsemi during the fourth quarter worth about $25,000. Ancora Advisors LLC purchased a new position in Onsemi during the first quarter worth about $33,000. Hanseatic Management Services Inc. purchased a new position in Onsemi during the third quarter worth about $38,000. Finally, Headinvest LLC purchased a new position in Onsemi during the third quarter worth about $44,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Onsemi Stock Up 3.7 %

Shares of NASDAQ:ON opened at $75.61 on Thursday. The company has a quick ratio of 1.74, a current ratio of 2.71 and a debt-to-equity ratio of 0.33. Onsemi has a fifty-two week low of $61.47 and a fifty-two week high of $111.35. The firm’s 50 day moving average price is $76.74 and its 200 day moving average price is $79.34. The stock has a market cap of $32.57 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 7.06 and a beta of 1.81.

Onsemi (NASDAQ:ONGet Free Report) last released its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2 billion. During the same quarter last year, the company earned $1.32 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts predict that Onsemi will post 4.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $92.00 target price on shares of Onsemi in a research note on Tuesday, February 6th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $75.00 target price on shares of Onsemi in a research note on Tuesday, February 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $82.00 target price on shares of Onsemi in a research note on Thursday, March 14th. Mizuho reduced their price target on shares of Onsemi from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Finally, Truist Financial reduced their price target on shares of Onsemi from $94.00 to $89.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Eleven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.79.

Read Our Latest Stock Analysis on Onsemi

Onsemi 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.

See Also

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Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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