Onsemi (NASDAQ:ON) Stock Holdings Lessened by M&T Bank Corp

M&T Bank Corp cut its stake in shares of Onsemi (NASDAQ:ON) by 8.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,722 shares of the semiconductor company’s stock after selling 2,797 shares during the period. M&T Bank Corp’s holdings in Onsemi were worth $1,874,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Assetmark Inc. raised its stake in shares of Onsemi by 0.3% during the 4th quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company’s stock worth $4,949,000 after purchasing an additional 235 shares in the last quarter. Metis Global Partners LLC raised its position in Onsemi by 1.8% during the third quarter. Metis Global Partners LLC now owns 13,711 shares of the semiconductor company’s stock valued at $996,000 after acquiring an additional 237 shares in the last quarter. V Square Quantitative Management LLC raised its position in Onsemi by 3.9% during the fourth quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company’s stock valued at $424,000 after acquiring an additional 252 shares in the last quarter. Clear Creek Financial Management LLC lifted its stake in Onsemi by 6.9% in the fourth quarter. Clear Creek Financial Management LLC now owns 4,366 shares of the semiconductor company’s stock valued at $275,000 after acquiring an additional 282 shares during the last quarter. Finally, Savant Capital LLC grew its position in Onsemi by 9.9% in the fourth quarter. Savant Capital LLC now owns 3,297 shares of the semiconductor company’s stock worth $208,000 after acquiring an additional 297 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Roth Mkm reduced their price target on Onsemi from $100.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Jefferies Financial Group lowered their price objective on Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Citigroup reduced their target price on Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Finally, Stifel Nicolaus lowered their price target on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.12.

Onsemi Trading Up 3.5 %

Shares of Onsemi stock opened at $45.40 on Monday. The company’s fifty day moving average price is $53.59 and its two-hundred day moving average price is $64.25. The firm has a market capitalization of $19.13 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 16.74 and a beta of 1.59. Onsemi has a 52-week low of $43.33 and a 52-week high of $82.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.06 and a quick ratio of 3.38.

Onsemi (NASDAQ:ON) last posted its quarterly earnings results 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%. On average, analysts expect that Onsemi will post 2.6 EPS for the current 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.