Onsemi (NASDAQ:ON) Stock Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of Onsemi (NASDAQ:ON) by 39.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,010 shares of the semiconductor company’s stock after purchasing an additional 1,129 shares during the period. Teacher Retirement System of Texas’ holdings in Onsemi were worth $253,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi in the fourth quarter worth approximately $41,000. Safe Harbor Fiduciary LLC purchased a new stake in Onsemi in the 3rd quarter worth approximately $43,000. Synergy Asset Management LLC purchased a new stake in Onsemi in the 4th quarter worth approximately $51,000. Plato Investment Management Ltd acquired a new stake in shares of Onsemi during the 4th quarter valued at $51,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Onsemi by 434.6% during the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 691 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Stock Down 1.2 %

Shares of ON opened at $40.20 on Wednesday. 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 company has a 50-day moving average price of $48.33 and a two-hundred day moving average price of $60.72. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 16.74 and a beta of 1.59. Onsemi has a 12 month low of $39.10 and a 12 month high of $80.08.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 earnings per share (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%. Equities analysts predict that Onsemi will post 2.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. B. Riley reduced their price target on Onsemi from $90.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Morgan Stanley reduced their target price on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their price target on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Roth Mkm cut their price target on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, Craig Hallum decreased their price objective on shares of Onsemi from $78.00 to $50.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Two equities research 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.50.

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.