Ibex Wealth Advisors acquired a new stake in Onsemi (NASDAQ:ON - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,016 shares of the semiconductor company's stock, valued at approximately $316,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its position in shares of Onsemi by 62.5% in the fourth quarter. Hantz Financial Services Inc. now owns 2,482 shares of the semiconductor company's stock valued at $156,000 after purchasing an additional 955 shares during the last quarter. Slow Capital Inc. grew its holdings in Onsemi by 0.8% in the 4th quarter. Slow Capital Inc. now owns 53,705 shares of the semiconductor company's stock valued at $3,386,000 after buying an additional 430 shares during the last quarter. Baldwin Wealth Partners LLC MA increased its position in Onsemi by 7.4% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 101,789 shares of the semiconductor company's stock worth $6,418,000 after buying an additional 7,032 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Onsemi by 21.5% during the fourth quarter. Pacer Advisors Inc. now owns 75,692 shares of the semiconductor company's stock worth $4,772,000 after buying an additional 13,412 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Onsemi by 16.1% in the fourth quarter. Blue Trust Inc. now owns 8,076 shares of the semiconductor company's stock valued at $509,000 after acquiring an additional 1,119 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.
Onsemi Stock Performance
Shares of ON traded down $0.98 during trading hours on Thursday, hitting $52.79. The company had a trading volume of 3,886,420 shares, compared to its average volume of 9,010,664. The business has a fifty day moving average of $63.22 and a 200-day moving average of $68.67. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 10.62 and a beta of 1.64. Onsemi has a 12 month low of $51.81 and a 12 month high of $85.16.
Onsemi (NASDAQ:ON - Get Free Report) 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. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the company posted $1.39 EPS. The firm's quarterly revenue was down 19.2% on a year-over-year basis. Equities analysts anticipate that Onsemi will post 4 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have commented on ON shares. StockNews.com upgraded Onsemi from a "sell" rating to a "hold" rating in a research report on Tuesday, October 29th. Roth Mkm restated a "buy" rating and set a $100.00 price target on shares of Onsemi in a research note on Thursday, December 12th. Rosenblatt Securities reiterated a "neutral" rating and issued a $75.00 price objective on shares of Onsemi in a research note on Tuesday, October 29th. BNP Paribas cut their target price on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $87.00 price target on shares of Onsemi in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Onsemi currently has an average rating of "Moderate Buy" and a consensus target price of $81.70.
Check Out Our Latest Analysis on ON
Insider Transactions at Onsemi
In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.00, for a total value of $106,500.00. Following the transaction, the chief executive officer now directly owns 837,710 shares of the company's stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their position. The transaction 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.
Onsemi Profile
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Free Report)
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.
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