Simmons Bank Has $1.31 Million Holdings in Onsemi (NASDAQ:ON)

Simmons Bank increased its stake in Onsemi (NASDAQ:ON) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,828 shares of the semiconductor company’s stock after purchasing an additional 310 shares during the period. Simmons Bank’s holdings in Onsemi were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ON. Capital Performance Advisors LLP bought a new stake in Onsemi during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in Onsemi during the 3rd quarter worth about $33,000. Newbridge Financial Services Group Inc. bought a new stake in Onsemi during the 4th quarter worth about $41,000. Safe Harbor Fiduciary LLC bought a new stake in Onsemi during the 3rd quarter worth about $43,000. Finally, Synergy Asset Management LLC bought a new stake in Onsemi during the 4th quarter worth about $51,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Stock Performance

Shares of NASDAQ:ON opened at $50.55 on Thursday. The company’s 50 day moving average price is $56.51 and its two-hundred day moving average price is $65.73. Onsemi has a 12-month low of $46.57 and a 12-month high of $85.16. The firm has a market cap of $21.30 billion, a PE ratio of 13.93, a PEG ratio of 16.74 and a beta of 1.62. 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%. Equities research analysts predict that Onsemi will post 2.6 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on ON shares. Wells Fargo & Company cut their price target on shares of Onsemi from $80.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Roth Mkm dropped their target price 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. 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 report on Tuesday, February 11th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $75.00 target price on shares of Onsemi in a report on Friday, February 7th. Finally, The Goldman Sachs Group dropped their target price on shares of Onsemi from $77.00 to $64.00 and set a “buy” 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, Onsemi has a consensus rating of “Moderate Buy” and a consensus 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.