Blueshift Asset Management LLC Has $510,000 Position in Onsemi (NASDAQ:ON)

Blueshift Asset Management LLC increased its holdings in shares of Onsemi (NASDAQ:ON) by 50.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,092 shares of the semiconductor company’s stock after acquiring an additional 2,702 shares during the period. Blueshift Asset Management LLC’s holdings in Onsemi were worth $510,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC raised its stake in shares of Onsemi by 4.3% during the third quarter. Pathstone Holdings LLC now owns 43,659 shares of the semiconductor company’s stock worth $3,170,000 after buying an additional 1,797 shares during the last quarter. Caprock Group LLC boosted its holdings in shares of Onsemi by 10.6% in the third quarter. Caprock Group LLC now owns 11,008 shares of the semiconductor company’s stock valued at $799,000 after buying an additional 1,053 shares during the period. Prospera Financial Services Inc lifted its position in shares of Onsemi by 14.3% in the third quarter. Prospera Financial Services Inc now owns 18,444 shares of the semiconductor company’s stock worth $1,339,000 after purchasing an additional 2,302 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Onsemi in the third quarter valued at about $3,085,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Onsemi by 9.0% in the third quarter. PNC Financial Services Group Inc. now owns 101,268 shares of the semiconductor company’s stock valued at $7,353,000 after acquiring an additional 8,384 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Stock Performance

Shares of Onsemi stock opened at $43.20 on Friday. The stock’s fifty day moving average is $50.20 and its two-hundred day moving average is $62.38. The company has a market capitalization of $18.21 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. Onsemi has a 52 week low of $41.59 and a 52 week high of $80.08.

Onsemi (NASDAQ:ON) last issued 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%. As a group, analysts expect that Onsemi will post 2.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ON. The Goldman Sachs Group reduced their price objective on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Citigroup lowered their price target on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Stifel Nicolaus lowered their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Truist Financial reduced their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Finally, Jefferies Financial Group reduced their price objective on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Onsemi presently has an average rating of “Moderate Buy” and a consensus target price of $66.85.

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.