Manchester Capital Management LLC Purchases 1,154 Shares of Onsemi (NASDAQ:ON)

Manchester Capital Management LLC grew its position in shares of Onsemi (NASDAQ:ON) by 78.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,625 shares of the semiconductor company’s stock after buying an additional 1,154 shares during the quarter. Manchester Capital Management LLC’s holdings in Onsemi were worth $166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ON. Capital Performance Advisors LLP acquired a new position in shares of Onsemi during the third quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Onsemi during the third quarter worth approximately $33,000. 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. Newbridge Financial Services Group Inc. acquired a new position in Onsemi in the fourth quarter valued at approximately $41,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Onsemi in the third quarter valued at approximately $43,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ON has been the topic of several analyst reports. Stifel Nicolaus cut their price objective on shares of Onsemi from $60.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Citigroup cut their price objective on shares of Onsemi from $77.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Jefferies Financial Group cut their price objective on shares of Onsemi from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Robert W. Baird increased their price objective on shares of Onsemi from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Onsemi from $88.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.16.

Onsemi Stock Up 1.8 %

Shares of ON stock opened at $51.83 on Friday. The firm has a fifty day moving average of $58.71 and a 200-day moving average of $66.72. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.30. Onsemi has a 12-month low of $46.57 and a 12-month high of $85.16. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 10.27 and a beta of 1.61.

Onsemi (NASDAQ:ON) last released its 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 net margin of 23.80% and a return on equity of 22.38%. As a group, equities research analysts predict that Onsemi will post 3.99 earnings per share for the current fiscal year.

Insider Activity at Onsemi

In related news, CEO Hassane El-Khoury sold 1,500 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were 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 approximately $59,477,410. This trade represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is owned by insiders.

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.