Catalyst Capital Advisors LLC Acquires 973 Shares of Onsemi (NASDAQ:ON)

Catalyst Capital Advisors LLC boosted its holdings in shares of Onsemi (NASDAQ:ON) by 235.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,387 shares of the semiconductor company’s stock after buying an additional 973 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Onsemi were worth $101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. lifted its position in shares of Onsemi by 12,850.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 514 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Onsemi during the first quarter valued at approximately $45,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Onsemi by 36.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 169 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Onsemi during the 2nd quarter valued at $43,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Onsemi during the 2nd quarter valued at $53,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ON. Rosenblatt Securities restated a “neutral” rating and issued a $75.00 price objective on shares of Onsemi in a research report on Tuesday, October 29th. Susquehanna upped their price target on Onsemi from $85.00 to $95.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Roth Mkm lifted their price objective on shares of Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Mizuho set a $85.00 price target on shares of Onsemi in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $85.91.

Insider Activity

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $70.80, for a total value of $106,200.00. Following the transaction, the chief executive officer now owns 840,620 shares of the company’s stock, valued at $59,515,896. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Onsemi Stock Performance

Onsemi stock opened at $72.27 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02. The firm has a market capitalization of $30.77 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 7.45 and a beta of 1.65. Onsemi has a 1-year low of $59.34 and a 1-year high of $86.77. The company’s 50-day moving average is $71.00 and its 200 day moving average is $71.74.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) 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 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% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. Research analysts forecast that Onsemi will post 4 EPS for the current year.

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.