Equitable Trust Co. Takes Position in Onsemi (NASDAQ:ON)

Equitable Trust Co. bought a new stake in Onsemi (NASDAQ:ON) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,545 shares of the semiconductor company’s stock, valued at approximately $1,548,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ON. Capital Performance Advisors LLP acquired a new stake in Onsemi during the third quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in Onsemi during the third quarter worth approximately $33,000. GHP Investment Advisors Inc. grew its position in 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 buying an additional 514 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Onsemi during the fourth quarter worth approximately $41,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Onsemi during the third quarter worth $43,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Onsemi Stock Performance

NASDAQ ON opened at $47.04 on Tuesday. 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 stock has a fifty day simple moving average of $60.06 and a 200 day simple moving average of $67.34. Onsemi has a twelve month low of $46.57 and a twelve month high of $85.16. The company has a market capitalization of $20.03 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 10.27 and a beta of 1.61.

Onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). Onsemi had a return on equity of 22.38% and a net margin of 23.80%. Sell-side analysts expect that Onsemi will post 3.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Roth Mkm restated a “buy” rating and set a $100.00 target price on shares of Onsemi in a research note on Thursday, December 12th. Morgan Stanley cut their target price on Onsemi from $64.00 to $52.00 and set an “underweight” rating for the company in a research note on Tuesday, February 4th. Truist Financial restated a “hold” rating and set a $60.00 target price (down from $85.00) on shares of Onsemi in a research note on Friday, January 10th. UBS Group cut their target price on Onsemi from $72.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, BNP Paribas cut their target price on Onsemi from $60.00 to $55.00 in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Onsemi presently has an average rating of “Moderate Buy” and a consensus price target of $78.63.

Insiders Place Their Bets

In other news, CEO Hassane El-Khoury sold 1,500 shares of the firm’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 sale, the chief executive officer now directly owns 837,710 shares in the company, valued at $59,477,410. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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.