Strengthening Families & Communities LLC Raises Stock Holdings in Onsemi (NASDAQ:ON)

Strengthening Families & Communities LLC boosted its stake in shares of Onsemi (NASDAQ:ON) by 11.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,981 shares of the semiconductor company’s stock after acquiring an additional 736 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Onsemi were worth $507,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ON. Capital Performance Advisors LLP purchased a new position in Onsemi during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Onsemi in the third quarter valued at approximately $33,000. GHP Investment Advisors Inc. grew its holdings 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 purchasing an additional 514 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Onsemi by 36.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after buying an additional 169 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Onsemi during the 2nd quarter worth approximately $43,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ON has been the topic of a number of recent research reports. BNP Paribas cut their price objective on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Rosenblatt Securities restated a “neutral” rating and set a $75.00 price target on shares of Onsemi in a report on Tuesday, October 29th. StockNews.com upgraded Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Truist Financial cut their target price on shares of Onsemi from $97.00 to $89.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.30.

Onsemi Price Performance

Shares of NASDAQ ON opened at $66.48 on Tuesday. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The stock has a market cap of $28.31 billion, a P/E ratio of 16.50, a P/E/G ratio of 6.94 and a beta of 1.65. The stock has a 50 day moving average of $70.37 and a two-hundred day moving average of $71.87. Onsemi has a twelve month low of $59.34 and a twelve month high of $86.77.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. Onsemi’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. On average, research analysts forecast that Onsemi will post 4 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 1,500 shares of Onsemi stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total value of $109,065.00. Following the transaction, the chief executive officer now directly owns 839,210 shares in the company, valued at $61,018,959.10. This trade 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. Corporate insiders own 0.31% of the company’s stock.

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.