Mutual of America Capital Management LLC Grows Holdings in Onsemi (NASDAQ:ON)

Mutual of America Capital Management LLC grew its stake in Onsemi (NASDAQ:ON) by 59.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,140 shares of the semiconductor company’s stock after buying an additional 31,398 shares during the period. Mutual of America Capital Management LLC’s holdings in Onsemi were worth $5,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Onsemi in the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Onsemi in the 3rd quarter valued at $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Onsemi in the 4th quarter valued at $41,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Onsemi in the 3rd quarter valued at $43,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Onsemi in the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ON. Susquehanna lowered their price target on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating for the company in a report on Tuesday, February 11th. Loop Capital began coverage on shares of Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 price target for the company. Morgan Stanley lowered their price target on shares of Onsemi from $52.00 to $44.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. Craig Hallum lowered their price target 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. Finally, Mizuho lowered their price target on shares of Onsemi from $85.00 to $71.00 and set an “outperform” 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 issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.12.

Onsemi Stock Down 4.5 %

NASDAQ:ON opened at $44.91 on Tuesday. The firm’s 50-day moving average price is $55.80 and its 200-day moving average price is $65.35. The company has a market capitalization of $18.93 billion, a PE ratio of 12.37, a P/E/G ratio of 16.74 and a beta of 1.61. 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 has a 1-year low of $44.67 and a 1-year high of $85.16.

Onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. On average, equities analysts predict that Onsemi will post 2.6 EPS for the current fiscal year.

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.