Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,712 Shares of Onsemi (NASDAQ:ON)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Onsemi (NASDAQ:ON) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,537 shares of the semiconductor company’s stock after selling 2,712 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Onsemi were worth $5,708,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Onsemi by 3.0% during the third quarter. Geode Capital Management LLC now owns 10,602,000 shares of the semiconductor company’s stock worth $767,646,000 after purchasing an additional 309,445 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Onsemi by 35.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock worth $247,226,000 after purchasing an additional 1,037,624 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Onsemi by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,488,254 shares of the semiconductor company’s stock worth $156,884,000 after purchasing an additional 83,665 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Onsemi by 19.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,009,180 shares of the semiconductor company’s stock worth $145,887,000 after acquiring an additional 326,734 shares in the last quarter. Finally, Robeco Schweiz AG boosted its position in shares of Onsemi by 16.8% during the 4th quarter. Robeco Schweiz AG now owns 1,234,000 shares of the semiconductor company’s stock worth $77,804,000 after acquiring an additional 177,740 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Onsemi Price Performance

Shares of NASDAQ ON opened at $43.78 on Friday. Onsemi has a twelve month low of $41.59 and a twelve month high of $80.08. The firm has a fifty day simple moving average of $50.00 and a 200 day simple moving average of $62.08. The company has a market capitalization of $18.45 billion, a PE ratio of 12.06, a P/E/G ratio of 16.74 and a beta of 1.59. 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 posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. On average, sell-side analysts forecast that Onsemi will post 2.6 EPS for the current year.

Analyst Ratings Changes

ON has been the topic of several analyst reports. KeyCorp reduced their price target on shares of Onsemi from $90.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Truist Financial reduced their price target on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Citigroup reduced their price target on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. The Goldman Sachs Group reduced their price target on shares of Onsemi from $77.00 to $64.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Finally, Craig Hallum reduced their price target on shares of Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Onsemi has an average rating of “Moderate Buy” and a consensus target price of $66.85.

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.