Yousif Capital Management LLC Has $4.70 Million Stock Holdings in Onsemi (NASDAQ:ON)

Yousif Capital Management LLC cut its position in shares of Onsemi (NASDAQ:ON) by 18.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,233 shares of the semiconductor company’s stock after selling 12,751 shares during the period. Yousif Capital Management LLC’s holdings in Onsemi were worth $4,697,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Onsemi during the 4th quarter worth about $224,000. Linden Thomas Advisory Services LLC boosted its holdings in shares of Onsemi by 5.7% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 9,497 shares of the semiconductor company’s stock worth $793,000 after buying an additional 509 shares during the period. Duality Advisers LP boosted its holdings in shares of Onsemi by 22.7% during the 4th quarter. Duality Advisers LP now owns 11,384 shares of the semiconductor company’s stock worth $951,000 after buying an additional 2,107 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Onsemi by 27.3% during the 4th quarter. Handelsbanken Fonder AB now owns 721,630 shares of the semiconductor company’s stock worth $60,278,000 after buying an additional 154,761 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Onsemi by 1.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,516 shares of the semiconductor company’s stock worth $3,217,000 after buying an additional 507 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Price Performance

ON stock opened at $68.06 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.71 and a quick ratio of 1.74. Onsemi has a 1 year low of $59.34 and a 1 year high of $111.35. The company has a 50 day simple moving average of $73.32 and a 200 day simple moving average of $75.70. The stock has a market cap of $29.26 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 6.55 and a beta of 1.80.

Onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.04. Onsemi had a net margin of 26.46% and a return on equity of 31.36%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company posted $1.32 EPS. The company’s revenue was down 4.1% on a year-over-year basis. Research analysts anticipate that Onsemi will post 4.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ON has been the subject of several research analyst reports. Roth Mkm lifted their target price on shares of Onsemi from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. TD Cowen boosted their price objective on shares of Onsemi from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Truist Financial cut their price objective on shares of Onsemi from $94.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Mizuho cut their price objective on shares of Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, BNP Paribas reissued an “underperform” rating and issued a $55.00 price objective on shares of Onsemi in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.28.

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.