Onsemi (NASDAQ:ON) Position Increased by Howard Capital Management Inc.

Howard Capital Management Inc. lifted its position in Onsemi (NASDAQ:ON) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,560 shares of the semiconductor company’s stock after acquiring an additional 372 shares during the period. Howard Capital Management Inc.’s holdings in Onsemi were worth $792,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Onsemi during the third quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new position in Onsemi during the 3rd quarter valued at about $33,000. GHP Investment Advisors Inc. increased 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 valued at $38,000 after purchasing an additional 514 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi in the fourth quarter worth approximately $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Onsemi during the third quarter worth approximately $43,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Price Performance

Shares of NASDAQ:ON opened at $54.05 on Monday. Onsemi has a twelve month low of $46.57 and a twelve month high of $85.16. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 16.74 and a beta of 1.61. The business has a 50 day moving average price of $57.39 and a 200 day moving average price of $66.11. 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 announced its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 20.10% and a net margin of 22.21%. Research analysts predict that Onsemi will post 2.6 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on ON. Citigroup cut their target price 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. Mizuho cut their price objective on Onsemi from $85.00 to $71.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. UBS Group reduced their price objective on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Onsemi from $88.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group reduced their price target on Onsemi from $77.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.16.

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.