Kintegral Advisory LLC Has $587,000 Holdings in Onsemi (NASDAQ:ON)

Kintegral Advisory LLC lessened its stake in Onsemi (NASDAQ:ON) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,311 shares of the semiconductor company’s stock after selling 434 shares during the quarter. Kintegral Advisory LLC’s holdings in Onsemi were worth $587,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ON. Nordea Investment Management AB lifted its holdings in Onsemi by 25.9% during the 4th quarter. Nordea Investment Management AB now owns 402,124 shares of the semiconductor company’s stock valued at $25,724,000 after purchasing an additional 82,614 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Onsemi by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 1,352,005 shares of the semiconductor company’s stock valued at $98,169,000 after purchasing an additional 18,450 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in Onsemi during the 3rd quarter valued at $1,270,000. Blue Trust Inc. lifted its holdings in Onsemi by 16.1% during the 4th quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company’s stock valued at $509,000 after purchasing an additional 1,119 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in Onsemi during the 4th quarter valued at $515,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Performance

Shares of ON stock opened at $54.05 on Monday. The business’s 50 day simple moving average is $57.39 and its 200 day simple moving average is $66.11. Onsemi has a one year low of $46.57 and a one year high of $85.16. The stock has a market capitalization of $22.78 billion, a PE ratio of 14.89, a PEG 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 (NASDAQ:ON) last announced its earnings results 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%. As a group, research analysts forecast that Onsemi will post 2.6 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on ON shares. 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 research report on Monday, February 10th. Stifel Nicolaus lowered their price objective on Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Loop Capital started coverage on Onsemi in a research report on Monday, November 11th. They set a “buy” rating and a $95.00 price objective on the stock. 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. Finally, Roth Mkm lowered their price objective on Onsemi from $100.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Onsemi currently has an average rating of “Moderate Buy” and a consensus target price of $68.16.

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.