Onsemi (NASDAQ:ON) Shares Acquired by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC increased its stake in shares of Onsemi (NASDAQ:ON) by 6.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,366 shares of the semiconductor company’s stock after purchasing an additional 282 shares during the period. Clear Creek Financial Management LLC’s holdings in Onsemi were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning lifted its stake in shares of Onsemi by 11.2% in the 2nd quarter. Creative Planning now owns 21,991 shares of the semiconductor company’s stock worth $1,507,000 after acquiring an additional 2,215 shares during the period. Sanctuary Advisors LLC purchased a new position in Onsemi during the second quarter worth about $4,360,000. Massmutual Trust Co. FSB ADV lifted its position in Onsemi by 42.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 898 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 269 shares during the period. Czech National Bank boosted its holdings in Onsemi by 6.4% in the 3rd quarter. Czech National Bank now owns 87,260 shares of the semiconductor company’s stock valued at $6,336,000 after purchasing an additional 5,276 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in Onsemi by 3.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 14,981 shares of the semiconductor company’s stock worth $1,088,000 after purchasing an additional 445 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Onsemi

In other Onsemi news, CEO Hassane El-Khoury sold 1,500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $71.00, for a total transaction of $106,500.00. Following 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 SEC, which is available through this link. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ON. Loop Capital initiated coverage on Onsemi in a research note on Monday, November 11th. They issued a “buy” rating and a $95.00 price target on the stock. StockNews.com upgraded shares of Onsemi from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Wells Fargo & Company cut their price target on shares of Onsemi from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, January 13th. BNP Paribas decreased their price objective on shares of Onsemi from $60.00 to $55.00 in a report on Friday, October 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $100.00 price target on shares of Onsemi in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.70.

Onsemi Trading Down 1.7 %

Shares of ON stock opened at $52.34 on Monday. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 10.30 and a beta of 1.64. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $62.57 and a 200 day moving average price of $68.28. Onsemi has a twelve month low of $51.81 and a twelve month high of $85.16.

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.