Intellectus Partners LLC Acquires 1,277 Shares of Onsemi (NASDAQ:ON)

Intellectus Partners LLC raised its holdings in shares of Onsemi (NASDAQ:ON) by 11.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,885 shares of the semiconductor company’s stock after acquiring an additional 1,277 shares during the quarter. Intellectus Partners LLC’s holdings in Onsemi were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Onsemi by 18.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,217,221 shares of the semiconductor company’s stock valued at $289,088,000 after acquiring an additional 665,633 shares during the period. Capital International Investors boosted its holdings in Onsemi by 1.0% in the 1st quarter. Capital International Investors now owns 4,107,006 shares of the semiconductor company’s stock valued at $302,070,000 after purchasing an additional 42,117 shares during the period. Van ECK Associates Corp boosted its holdings in Onsemi by 26.4% in the 3rd quarter. Van ECK Associates Corp now owns 3,495,056 shares of the semiconductor company’s stock valued at $237,559,000 after purchasing an additional 729,081 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Onsemi by 14.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,968,160 shares of the semiconductor company’s stock valued at $215,518,000 after purchasing an additional 380,471 shares in the last quarter. Finally, Earnest Partners LLC raised its position in shares of Onsemi by 6.7% in the first quarter. Earnest Partners LLC now owns 2,596,042 shares of the semiconductor company’s stock worth $190,939,000 after buying an additional 161,987 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Insider Buying and Selling at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total transaction of $109,065.00. Following the transaction, the chief executive officer now owns 839,210 shares in the company, valued at $61,018,959.10. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Onsemi Stock Down 2.1 %

Shares of NASDAQ ON opened at $67.02 on Friday. The company has a market cap of $28.54 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 7.34 and a beta of 1.65. 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’s fifty day moving average is $70.49 and its 200 day moving average is $71.90. Onsemi has a 52 week low of $59.34 and a 52 week high of $86.77.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Onsemi had a net margin of 23.80% and a return on equity of 22.38%. The company’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 earnings per share. On average, equities research analysts expect that Onsemi will post 4 earnings per share for the current year.

Analyst Upgrades and Downgrades

ON has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Needham & Company LLC dropped their target price on shares of Onsemi from $92.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Benchmark reissued a “buy” rating and issued a $90.00 price target on shares of Onsemi in a report on Tuesday, October 29th. Finally, BNP Paribas lowered their price objective on shares of Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.30.

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.