Syon Capital LLC Has $338,000 Stock Position in Onsemi (NASDAQ:ON)

Syon Capital LLC increased its position in Onsemi (NASDAQ:ON) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,045 shares of the semiconductor company’s stock after buying an additional 229 shares during the period. Syon Capital LLC’s holdings in Onsemi were worth $338,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Invesco Ltd. increased its holdings in Onsemi by 26.0% during the 3rd quarter. Invesco Ltd. now owns 5,812,863 shares of the semiconductor company’s stock worth $540,306,000 after purchasing an additional 1,200,723 shares in the last quarter. Ameriprise Financial Inc. raised its position in Onsemi by 23.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,272,182 shares of the semiconductor company’s stock valued at $397,108,000 after buying an additional 817,237 shares during the last quarter. Northern Trust Corp lifted its stake in Onsemi by 4.3% during the 3rd quarter. Northern Trust Corp now owns 4,117,862 shares of the semiconductor company’s stock valued at $382,755,000 after acquiring an additional 171,432 shares in the last quarter. Alphinity Investment Management Pty Ltd boosted its holdings in Onsemi by 2.7% during the 3rd quarter. Alphinity Investment Management Pty Ltd now owns 2,845,345 shares of the semiconductor company’s stock worth $264,475,000 after acquiring an additional 75,730 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Onsemi by 0.7% in the 3rd quarter. Sei Investments Co. now owns 2,701,574 shares of the semiconductor company’s stock worth $251,111,000 after acquiring an additional 19,740 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Onsemi Stock Up 2.5 %

Shares of NASDAQ:ON opened at $68.06 on Friday. The firm has a market capitalization of $29.26 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 6.71 and a beta of 1.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. Onsemi has a 52-week low of $59.34 and a 52-week high of $111.35. The firm has a fifty day moving average of $73.11 and a 200 day moving average of $75.55.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Truist Financial cut their target price on Onsemi from $94.00 to $89.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. The Goldman Sachs Group cut their price objective on Onsemi from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. JPMorgan Chase & Co. decreased their target price on Onsemi from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Morgan Stanley cut their price target on shares of Onsemi from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Finally, Wells Fargo & Company decreased their price objective on shares of Onsemi from $110.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.28.

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.