In Q2, Meeder Asset Management increased its Onsemi stake by 10.8% and the company reported Q2 earnings exceeding estimates, with a 97.7% institutional ownership.
Meeder Asset Management raised its stake in Onsemi by 10.8% in Q2, now holding 28,830 shares valued at $1.98 million. Onsemi reported Q2 earnings of $0.96 per share, exceeding estimates, with revenue of $1.74 billion. Institutional investors largely dominate the company's stock, owning 97.7%. Analysts have set a consensus target price of $85.61, with ratings ranging from "Hold" to "Buy." Onsemi focuses on automotive and industrial markets.
September 13, 2024
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