Onsemi (NASDAQ:ON) Stock Position Lifted by Sentry Investment Management LLC

Sentry Investment Management LLC lifted its position in shares of Onsemi (NASDAQ:ON) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,655 shares of the semiconductor company’s stock after acquiring an additional 478 shares during the period. Sentry Investment Management LLC’s holdings in Onsemi were worth $483,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Onsemi in the third quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi during the 3rd quarter worth approximately $33,000. GHP Investment Advisors Inc. lifted its holdings in shares of Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Onsemi during the 4th quarter valued at approximately $41,000. Finally, Safe Harbor Fiduciary LLC bought a new position in Onsemi during the 3rd quarter worth $43,000. 97.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Loop Capital began coverage on shares of Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 price target for the company. Robert W. Baird boosted their target price on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. UBS Group dropped their price target on shares of Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group cut their price target on Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their price objective on Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.16.

Onsemi Stock Performance

ON opened at $53.40 on Tuesday. The company has a quick ratio of 3.38, a current ratio of 5.06 and a debt-to-equity ratio of 0.38. The firm has a market cap of $22.50 billion, a PE ratio of 14.71, a P/E/G ratio of 16.74 and a beta of 1.62. The business has a fifty day simple moving average of $57.13 and a 200-day simple moving average of $65.98. Onsemi has a fifty-two week low of $46.57 and a fifty-two week high of $85.16.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. As a group, equities analysts predict that Onsemi will post 2.6 EPS for the current fiscal year.

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.