MONECO Advisors LLC Grows Stock Position in Onsemi (NASDAQ:ON)

MONECO Advisors LLC grew its position in shares of Onsemi (NASDAQ:ON) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,266 shares of the semiconductor company’s stock after purchasing an additional 883 shares during the period. MONECO Advisors LLC’s holdings in Onsemi were worth $1,089,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Onsemi in the third quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi in the 3rd quarter valued at approximately $33,000. GHP Investment Advisors Inc. boosted its stake in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Onsemi during the fourth quarter worth approximately $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi during the third quarter worth approximately $43,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Price Performance

Shares of NASDAQ ON opened at $54.05 on Monday. The stock has a market cap of $22.78 billion, a P/E ratio of 14.89, a P/E/G ratio of 16.74 and a beta of 1.61. The firm’s 50-day simple moving average is $57.39 and its 200 day simple moving average is $66.11. Onsemi has a fifty-two week low of $46.57 and a fifty-two week high of $85.16. 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 (NASDAQ:ON) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Equities analysts expect that Onsemi will post 2.6 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on ON. Rosenblatt Securities reiterated a “neutral” rating and set a $75.00 price objective on shares of Onsemi in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their price target on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Jefferies Financial Group decreased their price target on Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Needham & Company LLC cut their price objective on Onsemi from $66.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.16.

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.