Skylands Capital LLC Sells 1,700 Shares of Onsemi (NASDAQ:ON)

Skylands Capital LLC lessened its position in Onsemi (NASDAQ:ON) by 2.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 76,745 shares of the semiconductor company’s stock after selling 1,700 shares during the period. Skylands Capital LLC’s holdings in Onsemi were worth $6,411,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in Onsemi by 7,749.6% in the 4th quarter. International Assets Investment Management LLC now owns 83,363 shares of the semiconductor company’s stock worth $6,963,000 after acquiring an additional 82,301 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Onsemi by 7.1% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 9,610 shares of the semiconductor company’s stock worth $798,000 after purchasing an additional 637 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Onsemi by 3.6% in the fourth quarter. State of Michigan Retirement System now owns 140,536 shares of the semiconductor company’s stock worth $11,739,000 after purchasing an additional 4,900 shares during the last quarter. Synergy Asset Management LLC lifted its holdings in shares of Onsemi by 91.5% during the fourth quarter. Synergy Asset Management LLC now owns 154,649 shares of the semiconductor company’s stock valued at $12,918,000 after purchasing an additional 73,909 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in shares of Onsemi during the fourth quarter valued at $1,137,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

ON has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on Onsemi from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. KeyCorp increased their price target on Onsemi from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Roth Mkm lifted their price objective on Onsemi from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Mizuho reduced their price objective on Onsemi from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Finally, StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.28.

Onsemi Price Performance

Shares of Onsemi stock traded up $2.42 on Monday, hitting $70.48. 9,488,842 shares of the company traded hands, compared to its average volume of 7,496,594. Onsemi has a 52 week low of $59.34 and a 52 week high of $111.35. The business has a 50-day simple moving average of $73.11 and a 200 day simple moving average of $75.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.74 and a current ratio of 2.71. The stock has a market capitalization of $30.30 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 6.71 and a beta of 1.80.

Onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, April 29th. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. Onsemi had a return on equity of 31.36% and a net margin of 26.46%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 earnings per share. Research analysts expect that Onsemi will post 4.26 earnings per share for the current fiscal year.

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.