World Investment Advisors LLC Invests $1.09 Million in Onsemi (NASDAQ:ON)

World Investment Advisors LLC bought a new stake in shares of Onsemi (NASDAQ:ON - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,971 shares of the semiconductor company's stock, valued at approximately $1,087,000.

Several other hedge funds have also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in Onsemi during the third quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi during the 3rd quarter worth about $33,000. GHP Investment Advisors Inc. increased its stake in 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 during the last quarter. International Assets Investment Management LLC acquired a new stake in Onsemi during the 2nd quarter worth $43,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Onsemi in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Insider Buying and Selling at Onsemi

In other Onsemi 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 sale, the chief executive officer now directly owns 839,210 shares in the company, valued at approximately $61,018,959.10. The trade was a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on ON. Rosenblatt Securities reaffirmed a "neutral" rating and set a $75.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. Robert W. Baird raised their price objective on Onsemi from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Needham & Company LLC reiterated a "buy" rating and issued a $87.00 price target on shares of Onsemi in a research report on Tuesday, November 19th. Benchmark reissued a "buy" rating and issued a $90.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. Finally, Loop Capital began coverage on Onsemi in a report on Monday, November 11th. They set a "buy" rating and a $95.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.87.

Onsemi Stock Performance

ON stock traded up $0.48 during mid-day trading on Monday, reaching $66.44. 6,136,903 shares of the stock traded hands, compared to its average volume of 6,680,544. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.10. The firm has a market capitalization of $28.29 billion, a PE ratio of 16.37, a P/E/G ratio of 7.07 and a beta of 1.63. The business has a 50-day moving average of $69.45 and a two-hundred day moving average of $71.37. 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 - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Onsemi's quarterly revenue was down 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 EPS. As a group, equities analysts predict that Onsemi will post 4 EPS for the current fiscal year.

Onsemi Company Profile

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.