Cwm LLC Trims Stake in Onsemi (NASDAQ:ON)

Cwm LLC lowered its position in Onsemi (NASDAQ:ON) by 25.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,914 shares of the semiconductor company’s stock after selling 2,732 shares during the quarter. Cwm LLC’s holdings in Onsemi were worth $661,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ON. Invesco Ltd. lifted its position in 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 purchasing an additional 1,200,723 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Onsemi by 23.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,272,182 shares of the semiconductor company’s stock worth $397,108,000 after acquiring an additional 817,237 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Onsemi by 4.3% during the 3rd quarter. Northern Trust Corp now owns 4,117,862 shares of the semiconductor company’s stock worth $382,755,000 after acquiring an additional 171,432 shares during the last quarter. Alphinity Investment Management Pty Ltd grew its position in Onsemi by 2.7% in the third quarter. Alphinity Investment Management Pty Ltd now owns 2,845,345 shares of the semiconductor company’s stock worth $264,475,000 after acquiring an additional 75,730 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Onsemi by 0.7% in the third quarter. Sei Investments Co. now owns 2,701,574 shares of the semiconductor company’s stock valued at $251,111,000 after acquiring an additional 19,740 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Onsemi Stock Performance

Shares of ON opened at $70.82 on Tuesday. The company has a 50-day simple moving average of $73.11 and a two-hundred day simple moving average of $75.28. 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 market capitalization of $30.44 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 6.71 and a beta of 1.80. Onsemi has a one year low of $59.34 and a one year high of $111.35.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm earned $1.19 EPS. The company’s revenue was down 4.9% compared to the same quarter last year. On average, analysts anticipate that Onsemi will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price target on Onsemi from $110.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, April 23rd. Susquehanna restated a “positive” rating and issued a $90.00 target price on shares of Onsemi in a research report on Monday, April 8th. Morgan Stanley reduced their price target on shares of Onsemi from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. KeyCorp increased their target price on shares of Onsemi from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Finally, Evercore ISI assumed coverage on shares of Onsemi in a research report on Tuesday, April 16th. They set an “outperform” rating and a $104.00 price target for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.28.

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.