Skylands Capital LLC trimmed its holdings in onsemi (NASDAQ:ON – Get Rating) by 2.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,000 shares of the semiconductor company’s stock after selling 2,750 shares during the quarter. Skylands Capital LLC’s holdings in onsemi were worth $6,046,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new position in onsemi during the 2nd quarter worth approximately $25,000. Assetmark Inc. bought a new position in onsemi during the 2nd quarter worth $27,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of onsemi during the 3rd quarter worth $30,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of onsemi during the 3rd quarter worth $41,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of onsemi by 28.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 905 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 200 shares in the last quarter. 96.84% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on ON shares. Susquehanna Bancshares dropped their target price on onsemi from $82.00 to $80.00 and set a “positive” rating for the company in a research report on Tuesday, November 1st. Rosenblatt Securities lowered their target price on onsemi to $75.00 in a report on Friday, November 4th. William Blair cut onsemi from an “outperform” rating to a “market perform” rating in a research note on Tuesday. UBS Group cut their target price on onsemi to $65.00 in a research report on Friday, November 4th. Finally, Susquehanna cut their price objective on onsemi from $82.00 to $80.00 and set a “positive” rating on the stock in a research report on Tuesday, November 1st. Eight equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.18.
onsemi Trading Down 1.3 %
ON opened at $64.10 on Friday. The firm has a market cap of $27.72 billion, a P/E ratio of 16.82, a P/E/G ratio of 0.70 and a beta of 1.76. onsemi has a 12 month low of $44.76 and a 12 month high of $77.28. The company has a current ratio of 3.02, a quick ratio of 2.12 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $67.70 and a 200 day moving average of $64.93.
onsemi (NASDAQ:ON – Get Rating) last released its quarterly earnings results on Monday, October 31st. The semiconductor company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.12 billion. onsemi had a return on equity of 43.37% and a net margin of 21.36%. The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. As a group, research analysts forecast that onsemi will post 5.27 EPS for the current 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.