ROI Financial Advisors LLC Sells 2,243 Shares of Onsemi (NASDAQ:ON)

ROI Financial Advisors LLC decreased its holdings in shares of Onsemi (NASDAQ:ON) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,024 shares of the semiconductor company’s stock after selling 2,243 shares during the period. ROI Financial Advisors LLC’s holdings in Onsemi were worth $758,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ON. Norges Bank bought a new stake in Onsemi during the fourth quarter worth $378,312,000. Allspring Global Investments Holdings LLC grew its stake in shares of Onsemi by 35.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,005,784 shares of the semiconductor company’s stock worth $247,226,000 after acquiring an additional 1,037,624 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Onsemi by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company’s stock valued at $3,224,081,000 after purchasing an additional 344,354 shares during the last quarter. Andra AP fonden lifted its position in shares of Onsemi by 2,388.4% during the fourth quarter. Andra AP fonden now owns 343,400 shares of the semiconductor company’s stock valued at $21,651,000 after purchasing an additional 329,600 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in 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 last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. B. Riley dropped their target price on shares of Onsemi from $90.00 to $73.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Craig Hallum cut their price objective on Onsemi from $78.00 to $50.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Roth Mkm reduced their price objective on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Stifel Nicolaus lowered their target price on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Finally, Citigroup reduced their price target on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Onsemi Price Performance

Shares of NASDAQ:ON opened at $33.70 on Friday. The company has a 50 day moving average of $47.20 and a 200 day moving average of $60.15. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.20 billion, a P/E ratio of 9.28, a P/E/G ratio of 16.74 and a beta of 1.48. Onsemi has a 12 month low of $33.21 and a 12 month high of $80.08.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. As a group, sell-side analysts forecast that Onsemi will post 2.6 EPS 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.