Brooklyn Investment Group Takes Position in Onsemi (NASDAQ:ON)

Brooklyn Investment Group acquired a new stake in shares of Onsemi (NASDAQ:ON) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,730 shares of the semiconductor company’s stock, valued at approximately $126,000.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Onsemi in the third quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in Onsemi during the 3rd quarter valued at $33,000. GHP Investment Advisors Inc. lifted its holdings 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 during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Onsemi by 36.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after buying an additional 169 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Onsemi in the second quarter worth $43,000. Institutional investors own 97.70% of the company’s stock.

Onsemi Trading Down 0.7 %

Shares of Onsemi stock opened at $70.35 on Thursday. The firm’s 50 day simple moving average is $70.24 and its two-hundred day simple moving average is $71.81. The firm has a market capitalization of $29.95 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 7.76 and a beta of 1.65. Onsemi has a 12-month low of $59.34 and a 12-month high of $86.77. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30.

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

Insider Buying and Selling at Onsemi

In other news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $72.71, for a total transaction of $109,065.00. Following the sale, the chief executive officer now owns 839,210 shares of the company’s stock, valued at $61,018,959.10. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 4,500 shares of company stock valued at $321,765. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ON has been the topic of a number of recent analyst reports. Loop Capital started coverage on Onsemi in a report on Monday, November 11th. They set a “buy” rating and a $95.00 price target on the stock. KeyCorp lowered their target price on Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $87.00 price target on shares of Onsemi in a research note on Tuesday, November 19th. Robert W. Baird lifted their price objective on shares of Onsemi from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note 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 assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Onsemi has an average rating of “Moderate Buy” and an average price target of $85.87.

About Onsemi

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.