Equitable Trust Co. Invests $1.55 Million in Onsemi (NASDAQ:ON)

Equitable Trust Co. acquired a new position in Onsemi (NASDAQ:ON - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 24,545 shares of the semiconductor company's stock, valued at approximately $1,548,000.

Several other large investors have also recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new stake in shares of Onsemi in the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Onsemi in the third quarter worth about $33,000. GHP Investment Advisors Inc. grew 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 worth $38,000 after purchasing an additional 514 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Onsemi in the fourth quarter worth about $41,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Onsemi in the third quarter worth about $43,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Onsemi Price Performance

Onsemi stock traded up $0.91 during mid-day trading on Friday, hitting $51.83. The stock had a trading volume of 5,963,346 shares, compared to its average volume of 9,371,921. The firm has a market capitalization of $22.07 billion, a P/E ratio of 12.86, a P/E/G ratio of 10.27 and a beta of 1.61. 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 firm's 50 day moving average is $58.71 and its 200 day moving average is $66.77. Onsemi has a one year low of $46.57 and a one year high of $85.16.

Remove Ads

Onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). Onsemi had a net margin of 23.80% and a return on equity of 22.38%. On average, sell-side analysts forecast that Onsemi will post 3.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total transaction of $106,500.00. Following the sale, the chief executive officer now directly owns 837,710 shares in the company, valued at approximately $59,477,410. This represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. TD Cowen cut their price objective on Onsemi from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Roth Mkm cut their price objective on Onsemi from $100.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday. Morgan Stanley cut their price objective on Onsemi from $52.00 to $44.00 and set an "underweight" rating on the stock in a research report on Tuesday. Robert W. Baird lifted their price objective on Onsemi from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Finally, Benchmark dropped their price target on Onsemi from $90.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Onsemi presently has an average rating of "Moderate Buy" and a consensus target price of $68.16.

Onsemi 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.