Nisa Investment Advisors LLC Purchases 8,821 Shares of Onsemi (NASDAQ:ON)

Nisa Investment Advisors LLC boosted its position in Onsemi (NASDAQ:ON) by 46.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,853 shares of the semiconductor company’s stock after acquiring an additional 8,821 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Onsemi were worth $2,327,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ON. HighTower Advisors LLC grew its stake in shares of Onsemi by 3.2% during the first quarter. HighTower Advisors LLC now owns 27,412 shares of the semiconductor company’s stock worth $1,716,000 after buying an additional 845 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of Onsemi during the first quarter worth $1,171,000. Yousif Capital Management LLC grew its stake in shares of Onsemi by 4.2% during the first quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company’s stock worth $618,000 after buying an additional 395 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Onsemi by 15.4% during the first quarter. Raymond James Trust N.A. now owns 5,938 shares of the semiconductor company’s stock worth $372,000 after buying an additional 793 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Onsemi by 22.0% during the first quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company’s stock worth $267,000 after buying an additional 768 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Onsemi Trading Down 5.6 %

NASDAQ:ON opened at $66.64 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74. The firm has a 50-day moving average of $76.15 and a 200-day moving average of $77.34. The company has a market cap of $28.65 billion, a PE ratio of 13.63, a PEG ratio of 6.45 and a beta of 1.80. Onsemi has a one year low of $61.47 and a one year high of $111.35.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) 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 business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the firm posted $1.32 EPS. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Onsemi will post 4.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ON shares. KeyCorp boosted their target price on shares of Onsemi from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Susquehanna reiterated a “positive” rating and set a $90.00 price target on shares of Onsemi in a report on Monday, April 8th. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Roth Mkm lifted their price target on shares of Onsemi from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $75.00 price target on shares of Onsemi in a report on Tuesday, February 6th. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.79.

About Onsemi

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.