Yousif Capital Management LLC Sells 12,751 Shares of Onsemi (NASDAQ:ON)

Yousif Capital Management LLC cut its stake in shares of Onsemi (NASDAQ:ON) by 18.5% in the 4th quarter, HoldingsChannel reports. The firm 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 reporting period.

Several other hedge funds have also bought and sold shares of the stock. DAVENPORT & Co LLC raised its stake in shares of Onsemi by 8.5% during the third quarter. DAVENPORT & Co LLC now owns 11,267 shares of the semiconductor company’s stock worth $1,047,000 after acquiring an additional 882 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Onsemi by 199.8% during the third quarter. Exchange Traded Concepts LLC now owns 4,062 shares of the semiconductor company’s stock worth $378,000 after acquiring an additional 2,707 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Onsemi by 13.2% during the third quarter. Private Trust Co. NA now owns 1,282 shares of the semiconductor company’s stock worth $119,000 after acquiring an additional 149 shares in the last quarter. Caprock Group LLC raised its stake in shares of Onsemi by 44.9% during the third quarter. Caprock Group LLC now owns 3,570 shares of the semiconductor company’s stock worth $332,000 after acquiring an additional 1,107 shares in the last quarter. Finally, Czech National Bank raised its stake in shares of Onsemi by 47.5% during the third quarter. Czech National Bank now owns 75,423 shares of the semiconductor company’s stock worth $7,011,000 after acquiring an additional 24,298 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on ON shares. Stifel Nicolaus decreased their target price on shares of Onsemi from $82.00 to $72.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. The Goldman Sachs Group decreased their target price on shares of Onsemi from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Evercore ISI started coverage on shares of Onsemi in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $104.00 target price on the stock. KeyCorp lifted their target price on shares of Onsemi from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Onsemi from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Onsemi currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.28.

Onsemi Trading Up 2.5 %

Onsemi stock opened at $68.06 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.74 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $73.32 and its two-hundred day simple moving average is $75.70. Onsemi has a 12 month low of $59.34 and a 12 month high of $111.35. The company has a market capitalization of $29.26 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 6.55 and a beta of 1.80.

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

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.