Measured Wealth Private Client Group LLC Sells 2,269 Shares of Onsemi (NASDAQ:ON)

Measured Wealth Private Client Group LLC lessened its holdings in shares of Onsemi (NASDAQ:ON) by 38.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,625 shares of the semiconductor company’s stock after selling 2,269 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Onsemi were worth $303,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ON. First Trust Direct Indexing L.P. lifted its holdings in Onsemi by 2.7% during the 4th quarter. First Trust Direct Indexing L.P. now owns 11,071 shares of the semiconductor company’s stock valued at $925,000 after buying an additional 294 shares in the last quarter. MONECO Advisors LLC boosted its holdings in shares of Onsemi by 4.1% in the fourth quarter. MONECO Advisors LLC now owns 15,154 shares of the semiconductor company’s stock valued at $1,266,000 after purchasing an additional 594 shares during the period. Van ECK Associates Corp grew its stake in Onsemi by 20.3% in the fourth quarter. Van ECK Associates Corp now owns 2,040,468 shares of the semiconductor company’s stock worth $170,441,000 after purchasing an additional 344,970 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Onsemi by 1.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 247,184 shares of the semiconductor company’s stock valued at $20,647,000 after purchasing an additional 4,339 shares in the last quarter. Finally, Syon Capital LLC lifted its holdings in shares of Onsemi by 6.0% in the 4th quarter. Syon Capital LLC now owns 4,045 shares of the semiconductor company’s stock worth $338,000 after buying an additional 229 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ON shares. JPMorgan Chase & Co. cut their price target on Onsemi from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. KeyCorp dropped their price objective on shares of Onsemi from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. StockNews.com raised shares of Onsemi from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. TD Cowen dropped their target price on Onsemi from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Finally, Roth Mkm boosted their price target on Onsemi from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.24.

Onsemi Price Performance

ON traded up $0.36 during midday trading on Friday, hitting $70.37. 6,516,692 shares of the company traded hands, compared to its average volume of 7,968,687. The company has a market capitalization of $30.28 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 3.18 and a beta of 1.78. The business has a 50 day simple moving average of $72.35 and a two-hundred day simple moving average of $74.65. The company has a current ratio of 2.87, a quick ratio of 1.74 and a debt-to-equity ratio of 0.32. Onsemi has a 52-week low of $59.34 and a 52-week high of $111.35.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. Onsemi had a net margin of 26.67% and a return on equity of 28.86%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company posted $1.19 EPS. Onsemi’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities analysts forecast that Onsemi will post 3.86 earnings per share for the current fiscal year.

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.