Onsemi (NASDAQ:ON) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its stake in Onsemi (NASDAQ:ON) by 39.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,195 shares of the semiconductor company’s stock after selling 2,110 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Onsemi were worth $201,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Onsemi during the third quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Onsemi during the third quarter valued at $33,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Onsemi during the third quarter valued at $43,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi during the fourth quarter valued at $41,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Onsemi during the fourth quarter valued at $51,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ON shares. Susquehanna lowered their price target on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $57.00 price target on shares of Onsemi in a report on Monday. Morgan Stanley lowered their price target on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. Benchmark lowered their price target on shares of Onsemi from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group lowered their price target on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.12.

Onsemi Trading Up 4.5 %

ON opened at $46.49 on Thursday. The firm’s fifty day moving average is $54.89 and its two-hundred day moving average is $64.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.38 and a current ratio of 5.06. The firm has a market cap of $19.59 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. Onsemi has a twelve month low of $43.94 and a twelve month high of $85.16.

Onsemi (NASDAQ:ON) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Equities research analysts anticipate that Onsemi will post 2.6 EPS for the current year.

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.