Clear Harbor Asset Management LLC Has $1.03 Million Holdings in Onsemi (NASDAQ:ON)

Clear Harbor Asset Management LLC boosted its holdings in shares of Onsemi (NASDAQ:ON) by 165.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,185 shares of the semiconductor company’s stock after purchasing an additional 8,835 shares during the period. Clear Harbor Asset Management LLC’s holdings in Onsemi were worth $1,030,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its position in shares of Onsemi by 12,850.0% during the third quarter. GHP Investment Advisors Inc. now owns 518 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 514 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in Onsemi by 5,500.0% during the 1st quarter. Westside Investment Management Inc. now owns 560 shares of the semiconductor company’s stock worth $41,000 after buying an additional 550 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Onsemi in the 1st quarter valued at $45,000. Massmutual Trust Co. FSB ADV increased 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 valued at $43,000 after buying an additional 169 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Onsemi during the second quarter worth $43,000. Institutional investors own 97.70% of the company’s stock.

Onsemi Stock Up 1.7 %

Shares of ON stock opened at $71.25 on Monday. Onsemi has a 12-month low of $59.34 and a 12-month high of $86.77. The company has a quick ratio of 1.95, a current ratio of 3.01 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $71.63 and a 200-day moving average of $71.41. The company has a market capitalization of $30.65 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 3.57 and a beta of 1.65.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. Onsemi had a net margin of 24.84% and a return on equity of 25.48%. The company’s revenue was down 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 EPS. As a group, equities research analysts predict that Onsemi will post 4.01 earnings per share for the current fiscal year.

Insider Activity

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $70.80, for a total transaction of $106,200.00. Following the transaction, the chief executive officer now owns 840,620 shares in the company, valued at $59,515,896. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Onsemi news, insider Simon Keeton sold 30,939 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $77.94, for a total value of $2,411,385.66. Following the completion of the transaction, the insider now directly owns 231,092 shares in the company, valued at approximately $18,011,310.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hassane El-Khoury sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $70.80, for a total transaction of $106,200.00. Following the completion of the transaction, the chief executive officer now owns 840,620 shares of the company’s stock, valued at approximately $59,515,896. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,939 shares of company stock valued at $2,626,651 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com lowered Onsemi from a “hold” rating to a “sell” rating in a research report on Monday, August 26th. TD Cowen boosted their price target on shares of Onsemi from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Roth Mkm increased their price objective on shares of Onsemi from $90.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. KeyCorp lowered their target price on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $85.74.

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.