International Assets Investment Management LLC Raises Stock Position in Onsemi (NASDAQ:ON)

International Assets Investment Management LLC boosted its position in shares of Onsemi (NASDAQ:ON) by 7,749.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,363 shares of the semiconductor company’s stock after purchasing an additional 82,301 shares during the period. International Assets Investment Management LLC’s holdings in Onsemi were worth $6,963,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Onsemi by 3.7% in the 1st 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 raised its stake in shares of Onsemi by 1.5% in the 1st 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 raised its stake in shares of Onsemi by 122,198.2% in the 4th 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. raised its stake in shares of Onsemi by 26.0% in the 3rd 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. raised its stake in shares of Onsemi by 114.5% in the 4th 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 hedge funds and other institutional investors.

Onsemi Trading Down 5.6 %

Shares of Onsemi stock opened at $66.64 on Monday. The company has a fifty day simple moving average of $76.15 and a 200-day simple moving average of $77.24. Onsemi has a 12-month low of $61.47 and a 12-month high of $111.35. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33. The stock has a market cap of $28.65 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 6.45 and a beta of 1.80.

Onsemi (NASDAQ:ON) 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 business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the business posted $1.32 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities analysts forecast that Onsemi will post 4.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. TD Cowen boosted their price target on shares of Onsemi from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Stifel Nicolaus restated a “hold” rating and issued a $82.00 price objective on shares of Onsemi in a report on Thursday, March 14th. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Roth Mkm lifted their price objective on shares of Onsemi from $75.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Eleven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Onsemi currently has a consensus rating of “Moderate Buy” and an average target price of $98.79.

Onsemi 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.