ROI Financial Advisors LLC Grows Stock Position in Onsemi (NASDAQ:ON)

ROI Financial Advisors LLC lifted its stake in Onsemi (NASDAQ:ON) by 3.6% during the third quarter, Holdings Channel reports. The institutional investor owned 14,267 shares of the semiconductor company’s stock after acquiring an additional 491 shares during the quarter. ROI Financial Advisors LLC’s holdings in Onsemi were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Davis Investment Partners LLC grew its stake in shares of Onsemi by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 17,112 shares of the semiconductor company’s stock worth $1,224,000 after purchasing an additional 142 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Onsemi by 36.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 629 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 169 shares during the period. Greenleaf Trust grew its position in shares of Onsemi by 3.4% during the 3rd quarter. Greenleaf Trust now owns 5,262 shares of the semiconductor company’s stock valued at $382,000 after acquiring an additional 173 shares during the period. Covestor Ltd increased its stake in shares of Onsemi by 24.5% in the 1st quarter. Covestor Ltd now owns 965 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 190 shares in the last quarter. Finally, Meridian Financial Partners LLC boosted its position in Onsemi by 1.7% during 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. 97.70% of the stock is owned by institutional investors and hedge funds.

Onsemi Trading Down 2.5 %

ON opened at $68.49 on Thursday. The stock has a market capitalization of $29.16 billion, a PE ratio of 17.00, a P/E/G ratio of 7.53 and a beta of 1.65. Onsemi has a one year low of $59.34 and a one year high of $86.77. 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 business’s 50 day moving average price is $70.55 and its 200 day moving average price is $71.94.

Onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The business had revenue of $1.76 billion during 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 company’s revenue was down 19.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. As a group, equities research analysts expect that Onsemi will post 4 EPS for the current year.

Analysts Set New Price Targets

ON has been the subject of several research analyst reports. StockNews.com raised Onsemi from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. KeyCorp decreased their price objective on shares of Onsemi from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. Benchmark reissued a “buy” rating and set a $90.00 target price on shares of Onsemi in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Onsemi from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, TD Cowen cut their price objective on Onsemi from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Onsemi presently has a consensus rating of “Moderate Buy” and an average price target of $86.30.

Insider Buying and Selling at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $72.71, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.31% of the company’s stock.

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.