Kayne Anderson Rudnick Investment Management LLC Has $67,000 Stock Position in Onsemi (NASDAQ:ON)

by · The Markets Daily

Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Onsemi (NASDAQ:ON – Free Report) by 3,005.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,056 shares of the semiconductor company’s stock after buying an additional 1,022 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Onsemi were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Truvestments Capital LLC boosted its holdings in shares of Onsemi by 3.8% during the 4th quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company’s stock worth $357,000 after buying an additional 207 shares during the period. Assetmark Inc. boosted its holdings in shares of Onsemi by 0.3% during the fourth quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company’s stock worth $4,949,000 after acquiring an additional 235 shares during the period. V Square Quantitative Management LLC grew its position in shares of Onsemi by 3.9% in the fourth quarter. V Square Quantitative Management LLC now owns 6,727 shares of the semiconductor company’s stock valued at $424,000 after purchasing an additional 252 shares during the last quarter. Huntington National Bank increased its stake in shares of Onsemi by 8.9% during the fourth quarter. Huntington National Bank now owns 3,310 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 271 shares during the period. Finally, Clear Creek Financial Management LLC lifted its holdings in Onsemi by 6.9% during the 4th quarter. Clear Creek Financial Management LLC now owns 4,366 shares of the semiconductor company’s stock worth $275,000 after purchasing an additional 282 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Onsemi Stock Performance

Shares of Onsemi stock opened at $36.64 on Thursday. The company’s 50 day moving average price is $42.36 and its two-hundred day moving average price is $56.49. The firm has a market capitalization of $15.46 billion, a P/E ratio of 10.09, a P/E/G ratio of 16.74 and a beta of 1.48. 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 fifty-two week low of $31.04 and a fifty-two week high of $80.08.

Onsemi (NASDAQ:ON – Get Free Report) last issued its quarterly earnings data 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 return on equity of 20.10% and a net margin of 22.21%. On average, equities analysts forecast that Onsemi will post 2.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ON has been the topic of several recent research reports. UBS Group lowered their price objective on Onsemi from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $49.00 price objective on shares of Onsemi in a research note on Thursday, February 27th. Roth Mkm decreased their target price on shares of Onsemi from $100.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Mizuho lowered their target price on shares of Onsemi from $71.00 to $62.00 and set an “outperform” rating on the stock in a report on Monday, March 24th. Finally, Citigroup cut their price target on Onsemi from $52.00 to $40.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.52.

Read Our Latest Stock Analysis on Onsemi

Onsemi Company Profile

(Free Report)

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.

Featured Articles