AdvisorNet Financial Inc Has $102,000 Position in Onsemi (NASDAQ:ON)

AdvisorNet Financial Inc cut its stake in shares of Onsemi (NASDAQ:ONFree Report) by 34.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,221 shares of the semiconductor company’s stock after selling 635 shares during the quarter. AdvisorNet Financial Inc’s holdings in Onsemi were worth $102,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Onsemi by 3.7% during the first quarter. Vanguard Group Inc. now owns 41,662,400 shares of the semiconductor company’s stock valued at $2,608,483,000 after acquiring an additional 1,494,114 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Onsemi by 1.5% during the first quarter. Geode Capital Management LLC now owns 9,271,748 shares of the semiconductor company’s stock valued at $761,615,000 after acquiring an additional 136,908 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in shares of Onsemi by 122,198.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,062,322 shares of the semiconductor company’s stock valued at $378,107,000 after acquiring an additional 6,057,365 shares during the period. Invesco Ltd. lifted its holdings in shares of Onsemi by 26.0% during the third quarter. Invesco Ltd. now owns 5,812,863 shares of the semiconductor company’s stock valued at $540,306,000 after acquiring an additional 1,200,723 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Onsemi by 114.5% during the fourth quarter. Alliancebernstein L.P. now owns 5,139,098 shares of the semiconductor company’s stock valued at $320,526,000 after acquiring an additional 2,743,216 shares during the period. 97.70% of the stock is owned by institutional investors.

Onsemi Price Performance

Onsemi stock opened at $70.73 on Thursday. The firm has a market capitalization of $30.46 billion, a P/E ratio of 14.46, a PEG ratio of 7.15 and a beta of 1.80. Onsemi has a 1 year low of $61.47 and a 1 year high of $111.35. The business has a 50-day moving average of $76.50 and a 200-day moving average of $78.51. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33.

Onsemi (NASDAQ:ONGet Free Report) last posted its earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the company earned $1.32 EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, equities analysts anticipate that Onsemi will post 4.34 EPS for the current year.

Analyst Upgrades and Downgrades

ON has been the subject of a number of analyst reports. Mizuho cut their price objective on Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. KeyCorp lifted their price target on Onsemi from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Roth Mkm lifted their price target on Onsemi from $75.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, TD Cowen lifted their price target on Onsemi from $80.00 to $90.00 and gave the company an “outperform” rating in a 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’s stock. According to data from MarketBeat, Onsemi presently has a consensus rating of “Moderate Buy” and an average price target of $98.79.

Check Out Our Latest Stock Report on ON

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.

Recommended Stories

Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Onsemi (NASDAQ:ONFree Report).

Institutional Ownership by Quarter for Onsemi (NASDAQ:ON)

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.