Natixis Advisors LLC Acquires 18,450 Shares of Onsemi (NASDAQ:ON)

Natixis Advisors LLC raised its stake in shares of Onsemi (NASDAQ:ON) by 1.4% during the third quarter, Holdings Channel reports. The firm owned 1,352,005 shares of the semiconductor company’s stock after buying an additional 18,450 shares during the period. Natixis Advisors LLC’s holdings in Onsemi were worth $98,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in shares of Onsemi during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Onsemi during the third quarter worth approximately $33,000. GHP Investment Advisors Inc. raised its stake in shares of Onsemi by 12,850.0% in the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 514 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Onsemi by 36.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 169 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Onsemi during the 2nd quarter worth approximately $43,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Stock Down 3.4 %

Shares of ON stock opened at $64.76 on Friday. The company has a market capitalization of $27.57 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 6.94 and a beta of 1.65. Onsemi has a 12-month low of $59.34 and a 12-month high of $86.77. The firm has a fifty day moving average of $70.43 and a 200-day moving average of $71.87. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The company’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. As a group, equities research analysts predict that Onsemi will post 4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ON. Morgan Stanley lifted their price objective on Onsemi from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Mizuho set a $85.00 price target on shares of Onsemi in a research report on Friday, October 18th. KeyCorp decreased their price objective on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Needham & Company LLC lowered their price target on shares of Onsemi from $92.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.30.

Insider Activity at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.80, for a total transaction of $106,200.00. Following the completion of the transaction, the chief executive officer now directly owns 840,620 shares in the company, valued at $59,515,896. This represents a 0.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by insiders.

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.