801 Shares in Onsemi (NASDAQ:ON) Acquired by Synergy Asset Management LLC

Synergy Asset Management LLC bought a new position in Onsemi (NASDAQ:ON) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 801 shares of the semiconductor company’s stock, valued at approximately $51,000.

A number of other large investors have also bought and sold shares of ON. Davis Investment Partners LLC raised its holdings in shares of Onsemi by 0.8% during the third quarter. Davis Investment Partners LLC now owns 17,112 shares of the semiconductor company’s stock valued at $1,224,000 after acquiring an additional 142 shares in the last quarter. Greenleaf Trust raised its holdings in Onsemi by 3.4% in the third quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock worth $382,000 after purchasing an additional 173 shares in the last quarter. Meridian Financial Partners LLC raised its holdings in Onsemi by 1.7% in the third quarter. Meridian Financial Partners LLC now owns 11,305 shares of the semiconductor company’s stock worth $821,000 after purchasing an additional 192 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Onsemi by 4.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 4,823 shares of the semiconductor company’s stock worth $350,000 after purchasing an additional 206 shares in the last quarter. Finally, Sentry Investment Management LLC raised its holdings in Onsemi by 3.0% in the third quarter. Sentry Investment Management LLC now owns 7,177 shares of the semiconductor company’s stock worth $521,000 after purchasing an additional 209 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Onsemi Trading Down 0.9 %

Shares of NASDAQ:ON opened at $53.27 on Friday. The stock has a market capitalization of $22.68 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 10.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.02 and a current ratio of 3.07. The stock’s 50-day simple moving average is $62.92 and its two-hundred day simple moving average is $68.57. Onsemi has a 52-week low of $51.81 and a 52-week high of $85.16.

Onsemi (NASDAQ:ON) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a return on equity of 22.38% and a net margin of 23.80%. The business’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. Analysts expect that Onsemi will post 4 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $71.00, for a total value of $106,500.00. Following the transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ON shares. Truist Financial reiterated a “hold” rating and issued a $60.00 price objective (down previously from $85.00) on shares of Onsemi in a report on Friday, January 10th. B. Riley decreased their price objective on Onsemi from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 24th. Loop Capital started coverage on Onsemi in a report on Monday, November 11th. They issued a “buy” rating and a $95.00 price objective for the company. The Goldman Sachs Group cut their target price on Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Wells Fargo & Company cut their target price on Onsemi from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.70.

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.