Proficio Capital Partners LLC Acquires New Position in Onsemi (NASDAQ:ON)

Proficio Capital Partners LLC bought a new position in shares of Onsemi (NASDAQ:ON) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 75,849 shares of the semiconductor company’s stock, valued at approximately $4,782,000.

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

Onsemi Stock Performance

Onsemi stock opened at $44.91 on Tuesday. The firm has a fifty day simple moving average of $55.80 and a two-hundred day simple moving average of $65.35. 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 has a twelve month low of $44.67 and a twelve month high of $85.16. 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.

Onsemi (NASDAQ:ON) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a net margin of 22.21% and a return on equity of 20.10%. Research analysts expect that Onsemi will post 2.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Susquehanna decreased their target price on shares of Onsemi from $70.00 to $60.00 and set a “positive” rating on the stock in a report on Tuesday, February 11th. Jefferies Financial Group reduced their price target on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Mizuho lowered their price objective on Onsemi from $85.00 to $71.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Citigroup reduced their target price on Onsemi from $77.00 to $52.00 and set a “neutral” rating for the company in a research 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 equities research 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 MarketBeat, Onsemi has an average rating of “Moderate Buy” and a consensus price target of $67.12.

About Onsemi

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.