Oak Thistle LLC Buys New Shares in Onsemi (NASDAQ:ON)

Oak Thistle LLC acquired a new position in shares of Onsemi (NASDAQ:ON) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,169 shares of the semiconductor company’s stock, valued at approximately $515,000.

Several other hedge funds also recently modified their holdings of ON. Capital Performance Advisors LLP bought a new stake in Onsemi during the third quarter worth $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi during the 3rd quarter worth about $33,000. GHP Investment Advisors Inc. raised its holdings in shares of Onsemi by 12,850.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 514 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in Onsemi in the 3rd quarter valued at about $43,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Onsemi by 42.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 898 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 269 shares during the period. Institutional investors own 97.70% of the company’s stock.

Insider Activity at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the company’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 completion of the transaction, the chief executive officer now owns 837,710 shares of the company’s stock, valued at $59,477,410. This represents a 0.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by insiders.

Onsemi Stock Down 3.1 %

NASDAQ ON opened at $53.51 on Friday. The business has a fifty day moving average price of $65.95 and a two-hundred day moving average price of $70.01. The stock has a market capitalization of $22.78 billion, a PE ratio of 13.28, a PEG ratio of 5.29 and a beta of 1.64. Onsemi has a fifty-two week low of $53.10 and a fifty-two week high of $85.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.07 and a quick ratio of 2.02.

Onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.99 earnings per share 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 for the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the firm posted $1.39 earnings per share. Onsemi’s revenue was down 19.2% compared to the same quarter last year. Equities analysts expect that Onsemi will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ON has been the subject of a number of recent analyst reports. BNP Paribas cut their price objective on Onsemi from $60.00 to $55.00 in a research report on Friday, October 25th. Morgan Stanley lifted their price objective on shares of Onsemi from $63.00 to $64.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Mizuho set a $85.00 price objective on shares of Onsemi in a research report on Friday, October 18th. Benchmark reaffirmed a “buy” rating and set a $90.00 target price on shares of Onsemi in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group lowered their price target on shares of Onsemi from $92.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.35.

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.